As reported by CoinRepublic, XRP price fell 6.7% to $2.04 in the past 24 hours despite Ripple securing an expanded Major Payment Institution license in Singapore. The Monetary Authority of Singapore (MAS) approved broader payment activities for Ripple Markets APAC, allowing the company to offer regulated payment services. Ripple President Monica Long praised Singapore's regulatory clarity, noting it as a model for digital asset innovation. Historical data shows December has delivered strong XRP returns in the past, with an average of 69.6% over multiple years. Analysts have identified potential bullish patterns in XRP's price action, suggesting a possible recovery. Fiona Murray, Ripple's Asia Pacific Vice President, highlighted the region's growing on-chain activity and the strategic importance of Singapore in Ripple's global operations.
XRP Price Drops 6.7% Despite Ripple's Expanded Singapore License
The Coin RepublicShare
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