XRP Price News: Ripple Receives EU License Favorable News, XRP Still Drops 3% to Test Key Support

XRP-0,95%
BTC0,67%

January 15 News, despite Ripple, a payment company highly related to the XRP ecosystem, making positive progress with European regulators, XRP still faced downward pressure on the day amid a broader weakness in Bitcoin, failing to continue its previous rebound trend.

Market data shows that XRP has fallen approximately 2.3% in the past 24 hours, with the price retreating from around $2.17 to $2.12, and short-term buying interest clearly weakening below key resistance levels. Market sentiment is more influenced by Bitcoin’s movement rather than a single positive news catalyst.

Fundamentally, Ripple has received preliminary authorization for a Luxembourg Electronic Money Institution (EMI) license, meaning it can provide compliant payment services involving stablecoins and other digital assets within the EU under a unified regulatory framework in the future. Additionally, Ripple is applying for a Crypto Asset Service Provider (CASP) license under the MiCA framework to fully adapt to the latest EU digital asset regulations. This development is seen as an important step for Ripple to expand into the European market.

Institutional data still shows some resilience. In the past 24 hours, spot XRP ETF recorded approximately $4.9 million in net inflows, with total inflows approaching $1.37 billion. Moreover, the supply of XRP on exchanges continues to decline, currently falling below 2 billion tokens, significantly lower than the over 4 billion tokens expected by the end of 2025. Historical experience suggests that decreasing exchange inventories are often seen as a mid-term signal of tightening supply.

On the technical side, XRP retreated after being resisted at the $2.17 level, with intraday volatility narrowing to about $0.07. There was a brief volume-driven rebound during the US trading session, with trading volume temporarily significantly above average, but a sustained breakout was not achieved. The price subsequently oscillated between $2.13 and $2.15.

Notably, this round of correction still held above the Fibonacci support near $2.02 and the short-term moving averages, indicating a structure leaning more towards consolidation at higher levels rather than trend reversal. The market is currently digesting the rally initiated around the $1.80 region.

Looking ahead, as long as XRP remains above $2.00 to $2.02, the consolidation structure remains constructive; if it effectively breaks through $2.22, the price could retest the $2.40 zone. Conversely, if it falls below the $2.00 threshold, caution is warranted for a correction extending toward $1.90 or even $1.80. In the short term, the tug-of-war between regulatory positive news and technical pressure will continue to dominate XRP’s range-bound movement.

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