Ripple Payments Europe secured a Crypto-Asset Service Provider (CASP) license under the EU's MiCA framework, approved by Luxembourg's regulator CSSF. This license allows Ripple to offer regulated crypto payment services across the European Economic Area with a single authorization, covering 30 countries. Ripple also holds an electronic money institution license in Luxembourg, enabling combined fiat and crypto services. Despite this regulatory milestone, XRP's price remains pressured, trading near $1.07 and about 70% below its all-time high. The licenses support Ripple's long-term stablecoin plans and could boost XRP Ledger activity over time.
Approximately 225 million XRP, valued at $281 million, is used as collateral for $151.8 million in stablecoin loans through Maple Finance, with major repayments due in December 2026 and January 2027. These loans allow institutions to borrow dollars a...
Bitcoin increased by 0.80% to $77,566 on October 31, while the total cryptocurrency market capitalization declined by 2.05% to $2.63 trillion. Other major cryptocurrencies like Ether, BNB, Solana, Dogecoin, and XRP saw modest gains under 1%. Morpho l...
Following the Binance hack, Bitcoin, Ethereum, XRP, and BNB all saw increased volatility with varying declines. Bitcoin showed resilience, dropping only 6.5% from its recent high and maintaining support around $76,000. BNB fell 14%, impacted by its B...
XRP reserves on Binance have dropped to their lowest level since December 2022, falling by 220 million tokens in just two days. This decline extends to other exchanges like Bybit and Bithumb, reducing the amount of XRP available for immediate trading...
Crypto analyst Archie noted that XRP's current chart pattern and RSI value of 39 closely resemble its setup in November 2024, which preceded a parabolic price increase. He identified an inverse head-and-shoulders pattern nearing completion on the two...
