Ripple Lands MiCA Green Light in Luxembourg, but XRP Falls
Ripple received a MiCA Green Light Letter from Luxembourg’s CSSF on June 23, covering all 30 EEA countries. XRP dropped 2.9% on the news anyway.
XRP is a cryptocurrency developed by Ripple Labs to facilitate fast and cheap transactions globally. It uses a distributed ledger called XRP Ledger, which does not rely on traditional mining, making transactions fast and energy efficient. XRP is primarily designed to facilitate cross-border payments, offering a scalable and cost-effective solution for banks and financial institutions.
19 PostsRipple received a MiCA Green Light Letter from Luxembourg’s CSSF on June 23, covering all 30 EEA countries. XRP dropped 2.9% on the news anyway.
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Ondo, JPMorgan, Mastercard and Ripple settled tokenized U.S. Treasuries on XRP Ledger in under 5 seconds on May 6, 2026, outside banking hours.
KBank, South Korea's exclusive Upbit banking partner, signed with Ripple on April 27, 2026. Phase 2 targets UAE and Thailand corridors using Palisade SaaS.
GraniteShares lists the world's first 3x leveraged XRP ETFs on the NYSE on April 23, 2026. Here is what active traders need to know before the opening bell.

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