XRP rose nearly 3% after Ripple achieved a new regulatory breakthrough in Europe. The company confirmed that it has received full approval for an Electronic Money Institution (EMI) license in Luxembourg.
This achievement is a key step in Ripple's strategy to expand their cryptocurrency solutions in the European market.
Ripple's Expansion in Europe is Accelerating with EMI License Approval
The Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial authority, granted Ripple a full EMI license after the company met all regulatory requirements from the CSSF. This decision follows the initial authorization granted last January.
For your information, the EMI license allows companies to issue electronic money, process payments, and provide digital financial services under strong regulatory oversight. This license grants Ripple 'passporting' rights, allowing them to operate across EU member states with just one approval.
Thus, Ripple can reach and serve institutional clients across the European Economic Area without additional barriers. Cassie Craddock, Managing Director of Ripple for the UK and Europe, stated that the company already considers Europe as a “strategic priority.”
He added that this authorization strengthens Ripple's ability to expand a regulatory-compliant blockchain infrastructure across the European Union, allowing companies to support European businesses towards a more efficient digital financial era.
“Securing our full EMI license in the EU is a transformative achievement that further strengthens Ripple's position at the heart of European finance,” added Craddock.
This EU license complements Ripple's already extensive regulatory portfolio, with over 75 licenses worldwide. This development comes about a month after Ripple obtained EMI licensing and cryptocurrency registration from the UK's Financial Conduct Authority (FCA).
Ripple License Victory Boosts XRP and Drives RLUSD Growth
Market observers assess that this regulatory move could support the broader adoption of the Ripple ecosystem, while also strengthening the real use case for assets like XRP, XRP Ledger (XRPL), and the company stablecoin, RLUSD.
“With full 'passporting' rights across all 27 EU countries, the gateway for institutional adoption of $XRP and $RLUSD is now truly WIDE OPEN. If this happens in the US with regulatory certainty – YKWTD,” wrote crypto educator, Paul Barron.
This development has received a positive market response. Amid Ripple's regulatory victory, the price of XRP rose nearly 3% in the last 24 hours.
This movement is also in line with the overall trend of rising crypto asset markets, which pushed all 10 top assets into the green zone. At the time of publication, the price of XRP was trading at US$1.60.
Although the price increase of XRP is still considered moderate, a more significant momentum is actually occurring with the stablecoin RLUSD. According to data from DeFiLlama, the market capitalization of RLUSD rose to US$1.459 billion, recording a 33% spike in XRPL and a 1.47% increase in Ethereum in the last day.
Overall, Ripple's latest regulatory achievement in Europe affirms the acceleration of regulatory-compliant global expansion. Although the price reaction of XRP remains measured, the upward trend around RLUSD indicates that the broader Ripple ecosystem is beginning to reflect the impact of increased regulatory clarity.
