Ripple's Regulatory Win Fails to Spark XRP Price Surge

XRP's price failed to hold above $1.10 despite Ripple securing a key EU MiCA authorization, which allows it to offer regulated crypto services across Europe.

The token traded around $1.11 with increased volume but showed a muted price response, reflecting cautious trader sentiment and possible profit-taking after pre-positioning ahead of the news.

Ripple's institutional demand narrative and long-term fundamentals have been strengthened by the regulatory approval, but immediate price momentum remains limited amid broader market hesitation.