Ripple has achieved significant regulatory milestones in Europe, receiving preliminary approval for an Electronic Money Institution (EMI) license from Luxembourg's financial regulator. This approval follows closely on the heels of a similar authorization from the UK's Financial Conduct Authority (FCA) less than a week earlier. These back-to-back wins mark a deliberate expansion strategy into key European markets.
The regulatory progress coincides with notable activity in XRP-related financial products. Spot XRP Exchange-Traded Funds (ETFs) recorded $10.6 million in net inflows, indicating continued institutional or sophisticated investor interest. However, market data presents a mixed picture. Despite the positive fundamentals, open interest for XRP declined by 1.47% to $4.07 billion, and trading volumes have softened, suggesting a degree of trader caution.
Ripple's global compliance footprint is now substantial, with the company holding over 75 licenses and registrations worldwide. Its network has processed more than $95 billion in volume and reaches nearly 90% of daily foreign exchange markets. The focus on regulatory clearance is seen as a bridge between decentralized finance (DeFi) and traditional finance (TradFi), particularly in Europe's dominant payments sector.
Fundamentally, the growth is reflected on the XRP Ledger (XRPL). On-chain data shows strong capital-driven momentum, with tokenized real-world assets (RWA) on XRPL surging over 2,200% in 2025—from $25 million to $568 million—with projections aiming for a $3–6 billion range in 2026. Network activity remains robust, with daily transactions consistently above 40,000, positioning XRPL among the top six blockchains by usage.
From a technical analysis perspective, XRP's price was trading around $2.1394 at the time of the reports. The price is consolidating below all major Exponential Moving Averages (EMAs) inside a descending channel, with a critical support floor identified at the Supertrend level of $1.9555. Analysts speculate that Ripple's expanding regulatory compliance and fundamental network growth could set the stage for a potential XRP rally in the second half of 2026.
