Ripple’s EU Green Light and US Senate Deadline Leave XRP in Limbo Near $1.10
Published on 07/19/2026 at 12:22 | Redaktion boerse-global.de
Ripple has secured a fully fledged license under Europe’s MiCA framework, yet the token’s price remains stuck in a months-long rut as the US legislative clock ticks down on the CLARITY Act. The Luxembourg financial regulator CSSF formally admitted Ripple Payments Europe to its register of crypto-asset service providers in July 2026, adding to the e-money licence the firm already holds there. The approval allows Ripple to “passport” its payment services across all 30 countries of the European Economic Area without seeking separate licences in each jurisdiction, bringing the total number of ESMA-registered crypto firms in the bloc to 294. Ripple says it now carries more than 75 regulatory permits worldwide, including a nod from the UK’s FCA earlier this year.
The MiCA green light upgrades a provisional authorisation that the CSSF had granted just eight days before the 1 July compliance deadline, when roughly 83% of EU-based crypto firms still lacked full approval. With both the CASP and e-money licences in hand, Ripple can integrate fiat and digital-asset payments and deepen the use of its own stablecoin, RLUSD, within European payment flows. Separately, Japanese financial group SBI Holdings disclosed that it has purchased a majority stake in Singaporean exchange Coinhako, after the local regulator MAS waived the deal through.
Across the Atlantic, the CLARITY Act has cleared the House of Representatives by a wide 294–134 margin but is now gummed up in the Senate. Ripple relaunched its campaign with a branded truck in Washington D.C. on 14 July and mobilised more than 200 stakeholders to pressure senators. The Senate Banking Committee advanced the bill 15–9, but forcing a final vote past a filibuster requires 60 votes. Democratic lawmakers are demanding additional ethics and anti-fraud provisions before they sign on. Market watchers have pegged the probability of passage this year at roughly 50%, and the Senate must act before the summer recess begins on 7 August. Senator Cynthia Lummis marked the anniversary of the GENIUS Act on 18 July by urging swift progress, and Galaxy Digital CEO Mike Novogratz said the same day that only “last details” on an ethics clause remain. Analyst Levi noted that if the bill becomes law, XRP would be permanently classified as a digital commodity under federal statute, insulating the token from any future agency reinterpretation.
Should investors sell immediately? Or is it worth buying XRP?
While Washington debates, institutional demand for XRP exposure is quietly building. US-listed spot XRP ETFs have clocked cumulative net inflows of roughly $1.49 billion since their November 2025 launch. A July filing showed Gallacher Capital Management holding 86,744 units of the Canary XRP ETF, while Citadel and Brookstone Capital have also disclosed positions. Franklin Templeton’s Sandy Kaul described the trend as an “institutional breakthrough phase,” citing appetite for the new funds and the RLUSD stablecoin as ecosystem advantages. Meanwhile, the International Monetary Fund’s June 2026 paper “The Rise of Tokenisation” singled out the XRP Ledger alongside Ethereum, Solana and Stellar as a network banks could use to issue stablecoins. The US clearing house DTCC has also incorporated Ripple into its tokenisation initiative, publishing risk-based haircuts for XRP collateral: a 35% discount applies when the coin trades above $5, with steeper haircuts below that threshold. A DTCC patent from 2019 outlining cross-chain transfers includes Ripple’s DLT system as a target network, though the documentation shows only technical feasibility, not live deployment.
None of that progress has shaken the price out of its trading range. XRP changed hands at $1.10 on the day, up 0.77%, but remains down 41.5% year to date and nearly 70% below the 52-week high of $3.65 reached in July 2025. The 50-day moving average sits at $1.13, a fractional overhead resistance. Futures markets reveal a cautious mood: leverage ratios on open positions have fallen to their lowest since 2024, and open interest is contracting. Analysts draw parallels to a similar cleansing phase in 2024 that preceded a sharp rally. The crypto fear-and-greed index stands at 28, signalling outright fear, while exchange inventories are shrinking and whale wallets are accumulating — conflicting signals that have kept the token trapped in a narrow band. SWIFT, for its part, launched its own blockchain-based ledger with 17 large banks on 9 July, though the system uses tokenised bank deposits and settles via existing rails, offering no direct boost to XRP.
With no breakout above the resistance zone materialising, traders are now looking squarely at the Senate’s early-August deadline. That decision could finally supply the catalyst that all the European licensing, ETF inflows and institutional nods have so far failed to deliver.
Ad
XRP Stock: New Analysis - 19 July
Fresh XRP information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
