XRP climbed about 3.5% after Luxembourg’s financial regulator, the CSSF, granted Ripple initial approval for an Electronic Money Institution (EMI) license — a move that sent trading volume surging 74% to $4.65 billion. Why it matters - The Ripple Luxembourg EMI approval lets the company passport payment services across the EU and EEA under the Markets in Crypto-Assets (MiCA) framework, enabling a faster scale-up of euro-denominated payment offerings across Europe. - The license builds on recent regulatory wins for Ripple, including favorable engagement with the UK’s Financial Conduct Authority, and contributes to a broader trend of regulatory clarity that is making it easier for banks and payment providers to adopt crypto-based rails. Market reaction and technicals - XRP rose to $2.14, clearing both the 7-day and 30-day simple moving averages. Traders identified support at $2.08, with resistance clusters at $2.19, $2.29 and $2.36. - Analysts are watching whether volume stays above $3.5 billion — sustained liquidity at that level would be seen as confirmation of a breakout and continued bullish momentum. - Across crypto markets, assets gained roughly 3.4% on the session, with Bitcoin up ~3.1% and Ethereum ~3.0%. The Fear & Greed Index sat at 52, signaling neutral sentiment. Broader context - Ripple Payments already holds more than 75 licenses worldwide and says it has processed over $95 billion in transactions. The Luxembourg EMI complements that footprint by providing a compliance framework for issuing e-money and offering payment services across the bloc. - With MiCA delivering standardized compliance requirements, financial institutions now have clearer pathways to move pilots into full-scale commercial deployments — a practical lift for both Ripple’s payments business and market confidence in XRP. Bottom line Initial EMI approval in Luxembourg is a meaningful regulatory step for Ripple in Europe and helped trigger a volume-backed uptick in XRP. Continued progress on licensing and clearer rules under MiCA should reduce adoption friction for institutions and could support further upside for XRP if trading volumes and institutional interest persist. Read more AI-generated news on: undefined/news

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