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Ripple secured a preliminary CASP license in Luxembourg, a step toward EU-wide crypto services. XRP trades around $1.18; forecasts range $1.40‑$6.00 for 2026.
XRP hovered near $1.18 on June 23, 2026, after Ripple announced a preliminary Crypto‑Asset Service Provider (CASP) licence from Luxembourg’s regulator—a move that clears a regulatory hurdle but does not yet guarantee EU‑wide service rights【1】. The price stability underscores that the licence is a corporate win for Ripple, while XRP’s token‑level upside remains tied to future payment volume and broader market sentiment.
| At a glance | |
|---|---|
| Price | $1.18 |
| 24‑hour change | – (no specific figure reported) |
| Key level | $1.24 support |
| Catalyst | Preliminary CASP licence in Luxembourg |
The Luxembourg CASP licence is a “green‑light” letter that signals the regulator’s intent to grant full permission once Ripple satisfies remaining conditions. It sits alongside Ripple’s existing EU money licence (EMI) obtained in January, together forming a dual‑licence framework that lets a European bank or fintech handle both fiat and crypto flows through a single Ripple connection【1】. Under MiCA, a CASP licence obtained in any EEA country is passported across all 30 member states, meaning the final approval could unlock continent‑wide crypto‑payment services.
Analysts remain split on XRP’s 2026 trajectory. Model‑based forecasts cluster around $1.40‑$1.80, with Changelly projecting $1.29‑$1.55 and CoinPriceForecast targeting $1.77 by year‑end【2】. Standard Chartered’s revised institutional target sits at $2.80, positioned between the conservative models and the bullish camp that envisions $4‑$6 levels, driven by scenarios such as stronger ETF demand or expanded tokenisation use cases【2】. The current price near $1.18 sits below even the low‑end model range, reflecting recent sentiment weakness and a lack of direct XRP demand from Ripple’s European payments pipeline, which presently routes most value through its RLUSD stablecoin or fiat currencies【1】.
| Forecast range | Source |
|---|---|
| $1.29‑$1.55 | Changelly |
| $1.53 | CoinCodex |
| $1.77 | CoinPriceForecast |
| $2.80 | Standard Chartered |
| $4.36‑$6.18 | Bullish publishers |
The preliminary licence strengthens Ripple’s regulatory foothold in Europe, but XRP’s price will likely hinge on whether that corporate advantage translates into measurable token demand across the EU payment corridor.
Coverage is mostly measured — 94 of 105 reports stay neutral.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 7, 2026 · How we report
Ripple secured a full Crypto Asset Service Provider (CASP) license under the EU MiCA framework in Luxembourg, granting it passporting rights across the European Economic Area.
XRP spot ETFs have accumulated about $1.49 billion in cumulative net inflows over an eight‑week period, with total net assets around $1.05 billion.
Ripple's CEO stated that digital assets, including XRP, represent "close to zero percent" of the $16 trillion annual payment volume, indicating that most of the business operates on legacy finance systems.
Standard Chartered analysts have projected XRP price targets of $8 for 2026 and $12.5 for 2028.
Analysts attribute the stagnant price to macro‑level crypto market weakness, high beta of XRP, and the fact that recent infrastructure wins are often settled with stablecoins rather than XRP itself.