The company recently secured a key regulatory approval, which is vital for its operations in the European Union, while institutional interest in XRP remains solid.<\/p>\n
Despite these positive developments, Ripple\u2019s cross-border token hasn\u2019t managed to rebound and is down nearly 70% from its all-time high registered last summer.<\/p>\n
Earlier this week, Ripple obtained<\/a> preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg\u2019s Commission de Surveillance du Secteur Financier under the European Union\u2019s Markets in Crypto-Assets (MiCA) regulation.<\/p>\n It was granted through a Green Light Letter and remains subject to final conditions. If fully confirmed, it would enable the company to offer regulated cryptocurrency services across the entire EEA, which consists of 30 countries. Commenting on the matter was Cassie Craddock, Managing Director, UK & Europe at Ripple, who said:<\/p>\n \u201cFinancial market infrastructure is moving on-chain \u2013 from cross-border payments and settlement to collateral management and tokenized assets \u2013 and banks and fintechs are actively building the digital asset capabilities they need to remain competitive. With our growing European presence, regulatory track record and institutional-grade infrastructure, we\u2019re ready to meet the moment and support that transition at scale.\u201d<\/p>\n Over the past several weeks, institutional investors have drastically reduced their exposure to Bitcoin (BTC) and Ethereum (ETH). However, this is not the case for Ripple\u2019s native token, which continues to attract substantial capital.<\/p>\n SoSoValue\u2019s data shows that inflows into spot XRP ETFs have surpassed outflows, with the last red day being March 6. The financial giants offering such products include Canary Capital, Bitwise, Franklin Templeton, 21Shares, and Grayscale, while the cumulative net inflow generated to date exceeds $1.45 billion.<\/p>\n <\/a>Spot XRP ETFs, Source: SoSoValue<\/p>\n The inflows into spot ETFs require the issuers of these investment vehicles to purchase real XRP on the market, which could positively impact the price.<\/p>\n Nonetheless, the asset remains heavily suppressed during the prolonged bear market and currently trades at around $1.10, representing a 20% decline on a monthly scale and a whopping 70% crash from the historic peak reached in 2025.<\/p>\n It\u2019s worth noting that the steep decline hasn\u2019t dampened the strong optimism shared by some analysts. A few days ago, X user Tom claimed<\/a> that the token has\u00a0formed a pattern similar to its 2024 run, which took the price from $0.50 to $3.30. This time, though, it could result in a major upswing to $8.42.<\/p>\n JAVON MARKS was even more bullish, arguing that \u201cXRP\u2019s breakout stands, which means the measured move target near $17 does as well.\u201d<\/p>\n \u00a0<\/p>\n The post Ripple (XRP) News Today: June 24<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The company recently secured a key regulatory approval, which is vital for its operations in the European Union, while institutional interest in XRP remains solid. Despite these positive developments, Ripple\u2019s cross-border token hasn\u2019t managed to rebound and is down nearly 70% from its all-time high registered last summer. The License in Europe Earlier this week, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-186392","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/186392"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=186392"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/186392\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=186392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=186392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=186392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The ETF Front<\/h2>\n
XRP Price Outlook<\/h2>\n
![<\/a>Spot XRP ETFs, Source: SoSoValue<\/p>\nXRP Price Outlook<\/h2>\nThe inflows into spot ETFs require the issuers of these investment vehicles to purchase real XRP on the market, which could positively impact the price.<\/p>\nNonetheless, the asset remains heavily suppressed during the prolonged bear market and currently trades at around $1.10, representing a 20% decline on a monthly scale and a whopping 70% crash from the historic peak reached in 2025.<\/p>\nIt\u2019s worth noting that the steep decline hasn\u2019t dampened the strong optimism shared by some analysts. A few days ago, X user Tom claimed<\/a> that the token has\u00a0formed a pattern similar to its 2024 run, which took the price from $0.50 to $3.30. This time, though, it could result in a major upswing to $8.42.<\/p>\nJAVON MARKS was even more bullish, arguing that \u201cXRP\u2019s breakout stands, which means the measured move target near $17 does as well.\u201d<\/p>\n\u00a0<\/p>\nThe post Ripple (XRP) News Today: June 24<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The company recently secured a key regulatory approval, which is vital for its operations in the European Union, while institutional interest in XRP remains solid. Despite these positive developments, Ripple\u2019s cross-border token hasn\u2019t managed to rebound and is down nearly 70% from its all-time high registered last summer. The License in Europe Earlier this week, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-186392","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/186392"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=186392"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/186392\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=186392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=186392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=186392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/Spot-XRP-ETFs-4.png\"){kind=link}