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Ripple's EU License Sparks Institutional Interest in XRP

Guavy AI Editorial Team
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XRP MEW
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XRP's price has been hovering near $1.10 as Ripple makes progress in obtaining a full crypto-asset service provider license under the EU's MiCA framework, granting broader European market access.

This development is significant, allowing Ripple to further expand its presence in Europe and potentially increase demand for XRP.

In addition to regulatory advancements, institutional interest in XRP has been growing, with over $200 million in ETF inflows this year.

One of the most notable examples of institutional investment in XRP is Franklin Templeton's XRP ETF, which saw a $206,000 investment from Leisure Capital Management as of June 30.

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