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XRP struggles near $1.10 despite Ripple's EU regulatory approval milestone

Market News
23 Jun 2026
Bitcoin
View Source
Bearish
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XRP's price dropped to around $1.10 amid bearish market conditions and long liquidations, despite Ripple receiving preliminary approval for a Crypto Asset Service Provider license under the EU's MiCA framework. The regulatory milestone could help Ripple expand its services across Europe, but XRP faces technical weakness with key support at $1.09-$1.10 under pressure. Broader macroeconomic challenges like high interest rates and inflation continue to weigh on crypto markets. If XRP fails to hold support, further downside is likely, though reclaiming resistance near $1.13 could stabilize the token.

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