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Ripple secures key EU license, but $XRP price action diverges from the news.
Ripple has received preliminary approval for an e-money license from Luxembourg’s financial regulator. This is a strategic move, granting them a regulated foothold to expand payment services across the European Union.
Despite this fundamental progress, $XRP is down roughly 3% today. The drop highlights its current high correlation with broader market sentiment, which is being weighed down heavily by $BTCs recent volatility.
The license is a long-term regulatory win for utility, but short-term price remains at the mercy of macro crypto tides. Watch for a decoupling signal. $BTC #MarketRebound #BTC100kNext?
