Ripple Labs has obtained an Electronic Money Institution license from Luxembourg's CSSF, enhancing its European market presence. This follows a recent UK license, positioning Ripple to expand partnerships with financial institutions across the EU. The license is expected to drive XRP's price momentum, which has already seen a rebound in recent weeks. XRP's market activity is further bolstered by significant inflows into XRP ETFs, which have reached $1.25 billion. Despite a broader bear market, investor interest remains strong, with American investors contributing $12.4 million in recent inflows. This positions XRP alongside Ethereum and Bitcoin as one of the few cryptocurrencies with over $1 billion in ETF inflows. Technically, XRP has shown a bullish trend, breaking past key resistance levels and moving above the 50-day EMA. Analysts predict further gains, with potential targets at $2.3965 and $3, as Ripple continues to secure regulatory approvals and expand its market reach.
Ripple Secures Luxembourg License, Boosting XRP Price and ETF Inflows
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