XRP Stuck at Key Resistance as Regulatory Progress Falters

XRP has had a rough start to August, struggling to keep pace with Bitcoin and dipping by about 0.80% in the last day.

The price is stuck below key resistance levels, with buyers unable to push it past $1.10, despite efforts to do so.

Ripple's progress on the regulatory front, however, may yet pay off, particularly in Europe where a MiCA license has been secured in Luxembourg, allowing for regulated payment and custody services across the EEA.

Additionally, Hong Kong has expanded retail access to XRP, opening up millions of potential investors through licensed digital asset platforms.