Ripple (XRP) is down by 1.5% on Tuesday, hovering below $1.13 as the token continued to struggle against broader bearish market sentiment despite a significant regulatory milestone in Europe. The payments company announced that it has received authorization as a Crypto Asset Service Provider (CASP) from Luxembourg’s financial regulator, strengthening its position within the European digital asset market. However, the positive regulatory development has done little to revive demand for XRP, with derivatives data showing retail traders continue to reduce their exposure. Ripple receives full MiCA authorization Ripple announced on Monday that it had obtained a CASP license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). https://twitter.
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