XRP price remains under pressure this week, even as Ripple Labs secures multiple financial licenses and its permissioned decentralized exchange (Permissioned DEX) on-chain vote approaches a decisive threshold. XRP last traded at $1.5463, down 57% from its 2025 peak, mirroring the broader crypto market downturn affecting Bitcoin and most altcoins.
Ripple adds EU e-money license to global haul
Developers announced that Ripple Labs received an EU-wide electronic money license, easing partnerships with financial services firms in the bloc. The company has also acquired a U.S. banking charter as well as licenses in the UK and Singapore in recent months. The regulatory push, however, failed to halt XRP's slide.
On-chain governance is moving faster: the XRP Ledger network activated the XLS-80 vote focusing on permissioned domains. The Permissioned DEX amendment is nearing its approval threshold. Both amendments aim to enable institutions to build compliant decentralized exchanges with KYC and AML features. Use cases include stablecoin-fiat swaps, contractor payroll, cross-border B2B payments, and corporate treasuries.
RWA tokenization surges 265% but price unmoved
In the real-world asset (RWA) tokenization space, the value of represented assets on XRP Ledger jumped 265% over the past 30 days to over $1.45 billion. Despite the bullish data, XRP price has not responded with a corresponding rally.
Technical outlook: $1 in play if support fails
On the weekly chart, XRP is hovering at a critical support level coinciding with the Major S&R Pivot Point of the Murrey Math Lines tool. This level has held multiple times since April last year. However, the token has dipped below the 50-week exponential moving average and the Supertrend indicator. The Relative Strength Index (RSI) continues to decline, nearing oversold territory.
A breakdown below $1.5463 could open the door to the next key level near $1, roughly 35% lower from current prices. Conversely, a rebound from this support might target the pivot and reverse level at $2.34.