XRP is trading at $12.42, down 3.3%, as the asset gives back recent gains following a sharp rally triggered by Ripple securing a full EU MiCA Crypto Asset Service Provider license.
- The newly secured license grants Ripple regulated access to approximately 30 European markets, which had initially fueled significant upward momentum.
- The price correction occurs amid a mildly risk-off equity session and broader crypto market softness, with spot XRP falling roughly 2.4% and pressuring other crypto-related names.