Overview
- Luxembourg’s CSSF granted Ripple preliminary Electronic Money Institution approval, positioning Ripple Payments for EU passporting under MiCA as the firm highlights 75+ licenses and $95 billion processed.
- XRP rose roughly 3%–5% on Jan. 14 with trading volume up 74% to $4.65 billion, trading between $2.06 and $2.18 and modestly outperforming the broader crypto market.
- Spot XRP ETPs recorded about $15.04 million in inflows on Jan. 13 and $12.98 million on Jan. 14, lifting total net assets to roughly $1.54 billion and signaling sustained institutional accumulation.
- Technical views show price compressing into a $2.30–$2.40 decision zone after reclaiming the 200‑day moving average; a break above could target $2.64–$2.70 with potential toward $3.13, while holding $2.00 and roughly $1.77 keeps the structure intact.
- On‑chain data point to exchange balances falling below 2 billion XRP with roughly $22 million in tokens leaving platforms in 24 hours, as a Senate Banking Committee draft to treat XRP as a commodity heads to committee consideration.