XRP Holds Near $1.14 as Unconfirmed Ripple MiCA Approval Draws Market Focus

Ripple’s XRP is back in the spotlight after reports claimed the company secured full approval under the European Union’s sweeping crypto rulebook, MiCA—an outcome that could materially expand Ripple’s regulatory footing across Europe if confirmed. The market, however, is treating the development with caution, with XRP hovering near a key technical inflection point as traders wait for clearer signals.

On Tuesday ET, XRP was changing hands around $1.14–$1.15, as investors weighed two competing narratives: the potential boost of stronger regulatory access in Europe and the near-term hurdle of a major technical resistance zone.

Crypto media outlet Cryptoticker reported that Ripple had obtained ‘full MiCA approval,’ which would allow the firm to offer crypto-related services across the EU’s 27 member states under a single regulatory framework. MiCA—short for Markets in Crypto-Assets—creates a unified licensing regime intended to standardize oversight for crypto issuers and service providers across the bloc.

As of publication, neither Ripple nor EU financial authorities have issued a widely circulated official statement confirming the approval, leaving market participants focused on whether primary-source verification emerges. If the report is formalized, it could strengthen Ripple’s position as it pursues broader adoption of its payments and settlement infrastructure in regulated markets.

Market data from CoinMarketCap showed XRP trading near $1.14 with 24-hour volume above $1.3 billion. Separately, technical commentary cited by U.Today suggested XRP recently rebounded after holding support around $1.05 and is now probing the 50-day exponential moving average near $1.19—often treated by short-term traders as a trend-defining line.

Analysts tracking chart structure argue that a clean break above the 50-day EMA could open the path toward the next resistance area around $1.28, while failure to reclaim that level may keep price action range-bound. The $1.05 zone remains a widely watched downside reference point after acting as a recent floor.

Sentiment has also been influenced by claims that seven U.S.-listed spot XRP exchange-traded funds have surpassed $1 billion in total assets under management—figures that, if accurate, would underscore ‘institutional demand’ for XRP exposure. In addition, promotional research circulating in the market has pointed to a roughly 72% increase in active XRP wallets over the past two weeks, suggesting a pickup in on-chain activity, though such statistics typically require cross-checking against independent analytics providers.

Broader crypto markets were mixed amid signs that ETF inflows into major assets such as Bitcoin (BTC) and Ethereum (ETH) have cooled compared with prior periods. Solana (SOL) and other large-cap altcoins also traded unevenly, reflecting a hesitant risk backdrop. In some regional markets, XRP was modestly lower on the day, reinforcing the sense of a global wait-and-see posture.

For XRP, the current setup is defined by the intersection of ‘regulatory momentum’ and a clear technical decision point. Whether MiCA approval is confirmed through official channels, whether XRP can reclaim the 50-day EMA, and whether U.S. institutional participation remains durable are likely to be the primary drivers shaping the next phase of price discovery.

While near-term volatility may hinge on headlines and chart levels, the larger question for investors is the pace at which Ripple can deepen regulated-market access and translate compliance milestones into sustained growth of its global payments footprint.