XRP price slipped 1.83% to $1.12 in 24 hours, but weekly gains stayed near 10%. Ripple’s full MiCA approval in Luxembourg added a fresh regulatory boost for the company. The license provides Ripple with an opportunity to develop crypto services in 27 European Economic Area nations.
The change was given as the broader crypto market demonstrated greater momentum on Tuesday. Bitcoin price remained in positive territory and gained more than 7% for the week. The shift was amidst declining U.S. stock and increased oil costs related to geopolitical strains.
Market sentiment also rose following a second endorsement of pro-crypto policies by Donald Trump. Ether was trading around $1770 during the day. Final GENIUS Act rules are awaited by investors before July 18, 2026.
Ripple Secures Luxembourg CASP License Under EU MiCA Rules
Ripple has also obtained complete MiCA licensure in Luxembourg, reinforcing its regulated crypto payments enterprise in Europe. This was approved by Luxembourg Commission de Surveillance du Secteur Financier, or CSSF. It provides Ripple with a Crypto Asset Service Provider license according to the MiCA regulations of the EU.
The license gives Ripple passporting rights across the European Economic Area. That allows the company to offer regulated crypto services in all member markets. Ripple reported that the approval is after initial clearance in June 2026. The company is also licensed to use EU e-money license.
This might be Ripple’s biggest European milestone in history…@Ripple $XRP has received full Crypto Asset Service Provider (CASP) under Europe’s MiCA regulatory framework.
As a result, it can now offer services to users in every single country in the European Economic Area… pic.twitter.com/OqntPe58Zp
— BSCN (@BSCNews) July 6, 2026
Both approvals combine to finance its banking, company, and business payment system. The framework provides a better compliance pathway of crypto transactions, said Ripple. The relocation can also aid XRP and Ripple RLUSD stablecoin in Europe. Cassie Craddock claimed that after transitioning MiCA, Ripple is all good and prepared to scale.
XRP Spot ETF Inflows Hit Eight-Week Streak With $1.49B Total
XRP spot ETFs extended their eight-week inflow streak, with cumulative net inflows reaching $1.49B. SoSoValue data showed zero daily net inflow on July 6, after the latest update. Total net assets stood at $1.05B, equal to 1.47% of XRP’s market cap.
The total value traded was at $14.48M among the listed funds. Bitwise’s XRP fund led with $330.84M in net assets. Canary and Franklin trailed behind with $265.30M and $261.68M, respectively. The XRP-linked products also logged market price gains above 5% at close.
Will XRP Price Hit $1.30 in July 2026?
On the four-hour chart, the price of XRP was trading at 1.1278, just above the $1.12 support zone. The token lost its short-term rising channel at around $1.15. That area is now the initial defense in the way of any recovery effort.
A break above $1.15 might provide an opportunity to reach $1.20. That level remains the next major upside target on the chart, and if bulls mount more pressure, the XRP price will rally to $1.30 by the end of this month. However, failure to reclaim $1.15 may keep sellers in control.
The RSI was close to 49, and the momentum was weak following the recent pullback. The MACD also displayed a weakened strength as bearish bars were being generated underneath the signal line. In case the XRP price drops by $1.12, the subsequent downside goal might be around $1.05.