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XRP fell to $1.10, a 9.9% weekly drop, as Ripple secured a preliminary EU MiCA license, sparking market reaction and higher trading volume.
XRP slipped to $1.10 on June 23, 2026, after Ripple announced a preliminary approval from Luxembourg’s CSSF under the EU MiCA framework, a move that investors see as both a regulatory win and a short‑term price pressure trigger.
| At a glance | |
|---|---|
| Price | $1.10 |
| 24‑hour volume | $2.05 bn (+37.8%) |
| 7‑day change | –9.9% |
| Catalyst | Preliminary MiCA approval in Luxembourg |
Ripple received a “Green Light Letter” from the Commission de Surveillance du Secteur Financier, granting it provisional status as a Crypto‑Asset Service Provider (CASP) under MiCA [1]. The letter is not final; the company must still complete administrative steps before it can offer regulated crypto‑asset and stablecoin services across all 30 EEA countries [1][2]. The approval complements Ripple’s existing Electronic Money Institution licence in Luxembourg and adds to its portfolio of more than 75 global licences [1].
The news coincided with a sharp dip in XRP’s price, pulling the token down to $1.10, a level roughly 70.7% below its all‑time high of $3.65 [3]. Trading activity surged, with 24‑hour volume rising 37.8% to $2.05 bn, the highest daily turnover in recent weeks [3]. Over the past week XRP has fallen 9.9%, underperforming the broader crypto market’s 5.4% decline [3]. Ripple’s tokenomics remain unchanged: the maximum supply is 100 billion XRP, of which about 62.05 billion are in circulation, and roughly 60 billion are held by Ripple Labs [3].
| Metric | Value |
|---|---|
| Max supply | 100 bn XRP |
| Circulating supply | 62.05 bn XRP |
| Ripple‑held tokens | ~60 bn XRP |
The preliminary MiCA nod underscores Ripple’s strategy to embed its infrastructure in Europe’s regulated crypto ecosystem, but the immediate market response shows that investors remain cautious until the licence is fully ratified. The next regulatory milestone will likely determine whether XRP can rebound from its current lows or continue to trail the broader market.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jun 24, 2026 · How we report
Ripple Rock was an underwater mountain in British Columbia whose peaks created dangerous tidal eddies; it was demolished in 1958 to improve navigation safety.
The XRP Ledger was launched in 2012 by Ripple Labs, following development that began in 2011 by engineers David Schwartz, Jed McCaleb, and Arthur Britto.
A 2023 U.S. district court decision stated that XRP is not a security, though the manner of its sale could be considered a securities transaction.
In March 2025, President Donald Trump announced that XRP was among five digital assets considered for inclusion in a planned U.S. crypto strategic reserve.