CSSF approval lifts Ripple's global licenses above 75, while XRP fell after a $3.58 million ETF net outflow and a break below the $1.05 technical support level.
Ripple said it has received a Crypto Asset Service Provider license from Luxembourg's CSSF (Luxembourg financial regulator), making it one of the few digital-asset firms with full MiCA (EU crypto rulebook) authorization and taking its global regulatory licenses to more than 75. The company argues the approval removes a key barrier for European institutions, citing its 2026 Global Digital Asset Survey showing 72% of European fintechs expect digital-asset services to become mandatory for financial institutions and 44% see stablecoins as the default for cross-border payments within five years. Ripple also pointed to existing European traction, including BBVA's retail digital-asset custody offering in Spain and DZ BANK's institutional custody platform in Germany. Even so, XRP was lower on Thursday after SoSoValue recorded a $3.58 million net outflow from XRP ETFs on August 5, the first negative session since July 8, while the token also broke below the $1.05 floor of a two-month descending triangle, opening a technical target of $0.90 to $0.92.