XRP rises 3.34% as Ripple secures full MiCA license in Europe

XRP demonstrated renewed positive momentum on Tuesday, July 21, 2026, as the token advanced above short-term resistance levels. Buyers are attempting to extend the recovery, yet major longer-term barriers remain in place for the sixth-largest cryptocurrency by market capitalization.

Ripple achieves regulatory breakthrough in Europe

Ripple, the company behind XRP, recently secured full authorization under the Markets in Crypto-Assets (MiCA) regulatory framework. The company received this license on July 6 following a preliminary nod in late June, marking a significant step forward in its European expansion efforts.

The new license officially permits Ripple to operate across all 30 member states of the European Economic Area without needing to obtain separate authorizations in each country. This streamlines cross-border operations for Ripple and increases its appeal to banks, fintech firms, and payment service providers seeking reliable digital asset solutions.

Ripple Payments currently serves 90 payout markets globally, processing millions of US dollars in transaction volume. The platform enables payments in fiat currencies, stablecoins, and XRP, facilitating broad adoption and onboarding within the financial sector.

Stronger adoption of Ripple Payments promotes heightened activity on the XRP Ledger. This raises demand not only for the XRP token but also for the associated ecosystem services.

Mini dictionary: Markets in Crypto-Assets (MiCA) — A regulatory framework launched by the European Union to provide licensing, oversight, and consumer protection for digital asset service providers operating in Europe. MiCA aims to standardize the regulatory environment for cryptocurrencies across EU member states.

XRP market structure and key analyst projections

At the time of reporting, XRP traded around $1.13, reflecting a daily increase of 3.34%. The token opened at $1.11152 and posted an intraday high of $1.13715, with a low at $1.11043 and closing at $1.13230. There are currently about 62.47 billion XRP in circulation and a market capitalization near $70.8 billion.

Technical analyst Egrag Crypto outlined a long-term path for XRP, referencing a developing triple-bottom pattern visible in the price chart. According to Egrag, this formation includes a sequence of rising cyclical lows, but the latest cycle lacks full technical confirmation.

According to Egrag Crypto, the chart suggests the third bottom may form between $0.90 and $1.00, though the confirmation of this pattern remains pending. He noted that $1.23 acts as the first critical reclamation level and that a major breakout region lies between $2.38 and $3.54. If confirmed, the analyst’s Fibonacci projections indicate possible targets of $9.28, $15.35, and even $31.65 on extended rallies.

XRP price levels and technical signals

XRP’s near-term technical landscape is defined by its position above some moving averages and below others. The 20-day Exponential Moving Average (EMA) stands at $1.10456, while the 50-day EMA sits at $1.14500. XRP is currently trading above the 20-day but just beneath the 50-day average.

The 100-day and 200-day EMAs, at $1.23706 and $1.44027 respectively, remain above the present price, indicating continued overhead resistance. The Relative Strength Index, a momentum indicator, improved to 55.16 with its moving average at 46.41. These readings position the RSI above the neutral level of 50 but well below overbought thresholds, signaling healthier market sentiment in the short term.

Market focus is currently directed toward resistance at $1.14500 and the key reclamation target of $1.23. A drop below the 20-day EMA could bring renewed attention to support levels just under the current price action.

Traders and analysts will closely monitor these technical levels, along with volume and momentum indicators, as XRP continues to consolidate its gains amid Ripple’s regulatory progress in Europe.