Ripple secured full MiCA Crypto-Asset Service Provider authorization in Europe this week, a major regulatory milestone for institutional XRP payments across the European Union. XRP is trading at $1.07, down 0.57% in 24 hours, remaining capped below the $1.10 resistance for three consecutive sessions. The Federal Reserve held rates steady in the 3.50%–3.75% range, but Chair Kevin Warsh’s hawkish tone reaffirming the 2% inflation target reinforced a risk-off undertone across liquid assets. On-chain data from Santiment shows mid-tier holders increasing their cumulative share to 11.9% of total supply, up from 11.64% on July 1. Key support to watch remains at $1.00, a daily close below which would invalidate the current recovery thesis.
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