XRP ETFs Add $10.6M as Ripple Receives Another E-Money License — Why Is Price Slipping?
CCN
XRP ETFs saw $10.6M in inflows despite the token's price falling amid regulatory progress and technical selling pressure.Summary
XRP-linked exchange-traded funds (ETFs) recorded $10.6 million in net inflows this week, mirroring inflows seen in other tokens like Solana, even as XRP's price declined. This occurred concurrently with Ripple securing preliminary approval for an Electronic Money Institution (EMI) license from Luxembourg’s financial regulator (CSSF), marking a significant step toward scaling Ripple Payments across the EU. Despite this positive regulatory momentum, XRP's price struggled, trading near $2.12 and showing a 1% drop in 24 hours. Analysts suggest the price is facing selling pressure due to a technical breakdown in October, maintaining a bearish structure as long as it stays below the $2.31 resistance level.
(Source：CCN)