XRP Price Forecast: XRP extends losses, shrugging off Ripple's MiCA license approval

Ripple has secured a Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier, marking full compliance with the European Union's Markets in Crypto-Assets (MiCA) regulation. This authorization allows Ripple to offer its regulated crypto payments solutions to financial institutions and enterprises across the 30-nation European Economic Area. Despite this regulatory milestone, the XRP token price has faced downward pressure, trading around $1.13 amid cooling retail interest and a broader bearish market bias. Data from CoinGlass indicates that perpetual futures Open Interest has declined to $2.38 billion, a significant drop from the $10.94 billion peak observed in July 2026. Technical indicators, including the 50-day, 100-day, and 200-day exponential moving averages, suggest that the asset remains trapped in a downward parallel channel. The lack of strong catalysts has led investors to prioritize short-term gains, resulting in persistent selling pressure during price rallies. This development is significant for the RWA market as it demonstrates how established blockchain payment providers are positioning themselves for institutional adoption within a clear, regulated framework in Europe.