SoSoValue

Spot

Green Light

<p>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>
<p>Despite these positive developments, Ripple’s cross-border token hasn’t managed to rebound and is down nearly 70% from its all-time high registered last summer.</p>
<h2 id="the-license-in-europe">The License in Europe</h2>
<p>Earlier this week, Ripple <a href="https://cryptopotato.com/ripple-secures-preliminary-mica-license-heres-why-thats-important/" rel="noopener noreferrer nofollow">obtained</a> preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier under the European Union’s Markets in Crypto-Assets (MiCA) regulation.</p>
<p>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 &amp; Europe at Ripple, who said:</p>
<blockquote>
 <p>“Financial market infrastructure is moving on-chain – from cross-border payments and settlement to collateral management and tokenized assets – 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’re ready to meet the moment and support that transition at scale.”</p>
</blockquote>
<h2 id="the-etf-front">The ETF Front</h2>
<p>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’s native token, which continues to attract substantial capital.</p>
<p>SoSoValue’s 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>
<figure class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/06/Spot-XRP-ETFs-4.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/06/Spot-XRP-ETFs-4.png" alt="Spot XRP ETFs" width="592" height="481"></a>
 <figcaption>
  Spot XRP ETFs, Source: SoSoValue
 </figcaption>
</figure>
<h2 id="xrp-price-outlook">XRP Price Outlook</h2>
<p>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>
<p>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>
<p>It’s worth noting that the steep decline hasn’t dampened the strong optimism shared by some analysts. A few days ago, X user Tom <a href="https://cryptopotato.com/shocking-ripple-price-predictions-as-xrp-plunges-65-from-its-ath/" rel="noopener noreferrer nofollow">claimed</a> that the token has&nbsp;formed 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>
<p>JAVON MARKS was even more bullish, arguing that “XRP’s breakout stands, which means the measured move target near $17 does as well.”</p>
<p>&nbsp;</p>
<p>The post <a href="https://cryptopotato.com/ripple-xrp-news-today-june-24/" rel="noopener noreferrer nofollow">Ripple (XRP) News Today: June 24</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple (XRP) News Today: June 24

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