Overview
- Ripple secured preliminary EMI approval from Luxembourg’s CSSF, enabling EU passporting for Ripple Payments, as XRP rose about 3.5% with trading volume up roughly 74% to $4.65 billion.
- XRP is trading around $2.06–$2.18 and has reclaimed the 200‑day moving average, with buyers defending the $2.00 area that analysts identify as the primary structural support.
- Price is compressing into a $2.30–$2.40 decision zone where a clean break could open targets near $2.64–$2.70 and then $3.13, while rejection likely keeps the range intact above $2.00.
- Institutional signals point to accumulation, with spot XRP ETFs showing cumulative inflows near $1.25 billion and exchange-held balances falling below 2 billion tokens.
- Risk levels remain clearly defined, with a weekly close below $2.00 or a drop under $1.74–$1.80 undermining bullish patterns, as a Senate Banking Committee draft bill proposing commodity-like treatment for XRP awaits a committee vote.