Key Takeaways
- XRP-linked ETFs added $10.6 million in inflows.
- Ripple secured preliminary approval for an electronic money license in Luxembourg.
- Analysts say XRP is likely to face selling pressure.
XRP-linked exchange-traded funds (ETFs) recorded modest inflows this week, even as the token’s price fell, highlighting a disconnect between improving regulatory momentum and cautious market sentiment.
The inflows come as Ripple, the firm associated with XRP, has secured preliminary approval for another European Electronic Money Institution (EMI) license, further expanding its regulatory footprint.
XRP ETFs Attract Fresh Inflows
Spot XRP ETFs added approximately $10.6 million in net inflows, according to market data, joining a multitude of other tokens that posted gains despite uneven price performance.
Funds tied to Solana (SOL) also saw larger inflows of roughly $23.6 million.
Meanwhile, Bitcoin (BTC) spot ETFs attracted $843.6 million on Jan. 14, marking their largest daily inflow in several months.
Ripple Secures Luxembourg E-Money Approval
Ripple said on Wednesday it had received preliminary approval for an Electronic Money Institution (EMI) license from Luxembourg’s financial regulator.
The approval follows Ripple’s recent success in obtaining EMI authorisation from the U.K.’s Financial Conduct Authority (FCA) and represents a key step toward full regulatory clearance in the European Union.
“The EU was amongst the first major jurisdictions to introduce comprehensive digital assets regulation, which provides the certainty financial institutions need to move blockchain from pilots to commercial scale,” Ripple President Monica Long said in a statement.
She added that the company is “managing the end-to-end flow of value” as it seeks to modernize cross-border payments and unlock capital tied up in legacy financial systems.
Technical Picture Weighs On XRP Price
Despite the regulatory progress and ETF inflows, XRP’s price has struggled to gain traction.
XRP was trading near $2.12 at time of reporting, down 1% in the last 24 hours, remaining in what analysts describe as a broader corrective phase that began after a technical breakdown in October.
Victor Olanrewaju, an analyst at CCN, said XRP continues to respect a clear descending trendline on the daily chart.
“The recent push higher following CPI-related news stalled quickly, reinforcing the idea that upside attempts are still corrective rather than impulsive,” he said.
As long as XRP remains below the $2.31 level, Olanrewaju said the daily market structure remains bearish.
“A daily close above $2.31 would be needed to weaken the bearish structure,” Olanrewaju said.
“Until then, rallies are likely to face selling pressure, with the risk of another rotation lower still present.”
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
