Ripple on Monday secured full Crypto Asset Service Provider authorization from Luxembourg’s financial regulator, making it compliant to offer crypto services across all 30 European Economic Area countries.
What The MiCA Authorization Actually Unlocks For Ripple
The approval from Luxembourg’s Commission de Surveillance du Secteur Financier follows Ripple’s preliminary clearance in June and comes days after MiCA’s final transition period completed on July 1.
Ripple’s end-to-end regulated crypto payments product now carries passporting rights across the entire EEA, available to financial institutions, corporates, and businesses throughout the bloc.
“This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” said Cassie Craddock, Managing Director for UK and Europe at Ripple.
The authorization adds to Ripple’s existing EU Electronic Money Institution license and UK FCA registration secured in January 2026, bringing its global regulatory portfolio to more than 75 licenses.
Only 280 Firms Made It Through MiCA, Binance Didn’t
Of the more than 3,000 companies that previously operated under national crypto regimes across Europe, just 280 have secured CASP authorization under MiCA’s unified framework, according to ESMA’s July 3 register update.
Ripple joins Kraken, Coinbase (NASDAQ:COIN), OKX, and Crypto.com among the authorized firms.
Binance entered the post-transition period without authorization after withdrawing its Greek license application ahead of the July 1 deadline, leaving the world’s largest crypto exchange by volume operating in a regulatory gray zone across the EEA.
XRP Falls 3% Despite The Regulatory Win
XRP (CRYPTO: XRP) is trading near the upper trendline of the descending channel it has held since mid-May.
The Parabolic SAR at $1.0142 sits below price, a mildly constructive near-term signal, but the full EMA stack remains firmly bearish with the 20 EMA at $1.1152 below the 50 EMA at $1.1817, which sits below the 100 EMA at $1.2850 and the 200 EMA at $1.4954.
A daily close above $1.20 would meaningfully shift the short-term bias. Until then the $1.00 to $1.05 demand zone below remains the key support floor to watch on any continued selling.
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