Ripple has secured preliminary Crypto Asset Service Provider approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). XRP itself is trading at the $1.10 price level, down by 3% today as the whole crypto market collapses. This Luxembourg approval positions Ripple to operate across the entire European Economic Area under MiCA’s harmonized framework. It’s a structural shift that goes well beyond a single jurisdiction win. More licensing momentum! Ripple has secured its preliminary Crypto Asset Service Provider (CASP) license in Luxembourg, paving the way for the full rollout of Ripple Payments across the EEA and full MiCA compliance: https://t.co/APQcYnCy9cThe next wave of regulated digital…— Ripple (@Ripple) June 23, 2026 The CSSF green-light also covers Ripple’s path toward a full Electronic Money Institution license, enabling regulated crypto payment services and CASP-type activities across EU member states. Ripple itself framed the approval as foundational for the “next wave of regulated digital payments” across Europe.This is no doubt a regulatory milestone, although the XRP price has not been priced in just yet.Discover: The Best Crypto to Diversify Your PortfolioCan XRP Price Hit $2.00 After the Luxembourg Regulatory Catalyst?XRP’s 24-hour range has been broken as a liquidation cascade hits the crypto market. It is now trading at $1.10 and has failed to maintain its $1.18 range from last week. Volume is down from its usual above $2 billion to just $1.5 billion. Although the price is currently holding above the $1 zone, the current market is not looking good for major alts, not just XRP. Immediate support sits at $1.05 for now, and a clean break below that level risks a retest of the $1.00 line.On the upside, resistance stacks tightly at $1.15, then $1.20, or the last zone that represents the major local high and has acted as a ceiling for a few sessions. Our analysts think that reclaiming a descending weekly trendline above $1.15 would open the path toward $1.25, with $1.30 flagged as a prior liquidity cluster. Bitcoin (BTC)24h7d30d1yAll timeIf XRP can hold the $1.10 support, and clear $1.25 on sustained volume, regulatory follow-through could drive a move toward $1.30. However, a daily close below $1.00 could collapse the structure and shift focus back to the $0.90 region. The 50-day EMA holding is the single most important condition to monitor this week.Discover: The Best Token PresalesLiquidChain Targets Early-Mover Upside as XRP Tests Key ResistanceXRP’s regulatory momentum is real, but the trade is now happening at a $1.10 entry with $2 as the aspirational target; that’s just less than 100% upside against an asset with significant overhead resistance and a market cap already deep in the billions. Traders chasing the next liquidity layer at a different risk/reward profile are looking elsewhere. The question is where early-stage infrastructure exposure actually sits right now.LiquidChain ($LIQUID) is an L3 infrastructure project building what it calls a Unified Liquidity Layer, fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The architecture allows developers to deploy once and access all three ecosystems simultaneously, which solves a fragmentation problem that has quietly cost DeFi protocols measurable volume for years POV: You read the about section on the LiquidChain site. https://t.co/vqvBcdSQYC pic.twitter.com/UKD6iXNK8i— LiquidChain (@getliquidchain) June 22, 2026 The presale is currently priced at $0.01472, with $850K raised to date. Key features include Single-Step Execution, Verifiable Settlement, and Deploy-Once Architecture across chains.Research LiquidChain before the presale ends.Don’t Miss Out on Our $1,000 USDT Airdrop on ByBitThe post XRP Price Prediction: Ripple Secures Preliminary Luxembourg CASP Approval appeared first on Cryptonews.

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