XRP · XRP

Ripple Secures Preliminary MiCA Approval in Luxembourg as Network Activity Slumps

Ripple notched a major regulatory win by securing preliminary approval under the EU's Markets in Crypto-Assets framework in Luxembourg, paving the way for broader European expansion. Despite this corporate milestone, XRP faces on-chain headwinds marked by a sharp drop in network transactions and a recent phishing exploit targeting ledger users. Institutional interest remains a bright spot, with significant inflows into Bitwise's XRP ETF helping to offset retail sluggishness.

• 🟢Bullish Ripple securing preliminary MiCA approval in Luxembourg provides a vital regulatory foundation for the company to legally scale its payment and stablecoin services across Europe. — Cointelegraph, NewsBTC, U.Today, CryptoPotato, CoinDesk
• 🟢Bullish Bitwise's XRP ETF surpassing $200 million in year-to-date inflows signals aggressive and sustained institutional accumulation. — U.Today ↗
• 🔴Bearish A 41 percent drop in XRP transactions below the six-month average points to a severe contraction in network utility and organic demand. — AMBCrypto ↗
• 🔴Bearish A phishing exploit utilizing fake verification messages on the XRP Ledger highlights ongoing wallet security vulnerabilities for retail holders. — U.Today ↗
• 🟡Neutral XRP is consolidating near the $1.10 support level on shrinking volume, pointing to trader indecision after a 10 percent weekly decline. — CoinDesk, CryptoPotato

What to watch — Monitor XRP's reaction at the critical $1.10 support zone to see if institutional ETF inflows can absorb current retail selling pressure. Additionally, watch the upcoming US Core PCE print on June 25, 2026, as the Federal Reserve's inflation data will heavily influence macro liquidity and broader crypto market direction.