Ripple has secured an Electronic Money Institution license in the United Kingdom. The company also received crypto-asset registration from the Financial Conduct Authority. Cassie Craddock shared the update on X and linked it to Ripple’s wider regulatory push.
Craddock said the approval marks a new stage for digital asset firms in Europe. She wrote that the bridge between traditional finance and decentralized finance is now open. Ripple also holds an EU EMI license, which adds to its regulated reach.
The company has spent the past year building deeper ties with financial firms. That effort included product launches and new partnerships in several markets. Ripple continues to treat the UK as a key region for long-term growth.
The UK does not yet have a framework like the EU’s MiCA rules. Even so, Ripple has continued to build there and expand its services. The company sees regulated access as a route to broader adoption.
XRP Price Prediction As Key Support Holds
The regulatory update arrives as the XRP price trades near an important technical zone. Market watchers have focused on the $1.40 level in recent sessions. That area now acts as a near-term line for price direction.
EGRAG Crypto’s long-term chart frames XRP within a broad bullish structure. The chart shows repeated pullbacks into rising support before a higher move. That pattern has appeared several times since 2018.
According to the chart, XRP must hold above $1.40 on a monthly basis. A stable close above that level would keep the current setup in place. It would also keep focus on the next resistance bands.
Source: X
The chart identifies $2.70 as the next major breakout area for XRP. Above that, the $4.50 region becomes the key macro barrier. A clear move through that range would shift attention to higher targets.
Supply Data Points to Lower Selling Pressure
Recent on-chain data has added another layer to the XRP price outlook. CryptoQuant data showed XRP reserves on exchanges fell to $2.75 billion. That decline followed a reading near $2.77 billion a day earlier.
Lower exchange reserves often suggest that holders are moving coins off trading platforms. That trend can reduce immediate selling pressure in the market. It can also support price stability during periods of weakness.
At the same time, XRP pulled back after a recent rally. The token traded at about $1.35 at press time, down 5.07% over 24 hours. Even so, lower reserves kept traders focused on possible renewed demand.
Ripple Product Growth Keeps XRP in Focus
Ripple has also expanded its product base in recent months ahead of its potential US Trust Bank move. The company has upgraded the XRP Ledger and continued RLUSD stablecoin minting. Concurrently, it has also rolled out payment tools aimed at banking partners.
Those products support Ripple’s push into tokenization and cross-border payments. The company has tied part of that effort to XRP’s use as a bridge asset. That link keeps XRP central to Ripple’s market narrative.
In the United States, Ripple and its executives continue to support the CLARITY Act. A clearer legal framework could help digital asset firms plan new services. It could also support Ripple’s payment strategy across more markets.