Ripple remains among the most talked-about crypto topics as the company continues to expand globally and ink strategic partnerships. Its native token, XRP, has missed the market-wide rally so far, but numerous analysts believe it is about to surge in the near future. Ripple and Europe Due to regulatory challenges in the US over the past several years, the company shifted its focus abroad, with Europe emerging as a key region. Earlier this week, it received preliminary approval for an Electronic Money Institution license from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Once fully granted, the permit will enable Ripple to issue digital cash and provide services such as digital wallets, payment processing, money transfers, and prepaid cards across CSSF-regulated jurisdictions. Prior to that, Ripple Markets UK Ltd (the firm’s subsidiary in the United Kingdom) secured registration with the Financial Conduct Authority (FCA), thereby confirming its compliance with local anti-money-laundering regulations and counter-terrorist financing rules. Other European nations where Ripple has demonstrated a strong presence include Switzerland, Ireland, Spain, and others. The Latest Collaboration Earlier today (January 15), LMAX Group (a global fintech company headquartered in London) announced a partnership with Ripple “to accelerate institutional stablecoin adoption and cross-asset mobility.” According to the agreement, the former will integrate RLUSD (Ripple’s stablecoin) into its institutional trading infrastructure, thereby enabling clients to access multiple trading options. The product, pegged 1:1 with the US dollar, saw the light of day towards the end of 2024 and gained backing from many exchanges and well-known banking institutions. For instance, the oldest American bank, BNY Mellon, serves as a custodian for RLUSD. The asset has been gradually climbing the crypto ladder and is currently the 81st-largest digital asset, with a market capitalization of almost $1.4 billion. Another Green Day for the ETFs Canary Capital made history in November last year, becoming the first company to launch a spot XRP ETF in the US, which has 100% exposure to the token. Shortly after, renowned names such as Bitwise, Franklin Templeton, Grayscale, and 21Shares followed suit, and interest from investors has been significant. According to data from SoSoValue, these financial vehicles have generated a cumulative net inflow of $1.26 billion to date, and the only day on which outflows have surpassed inflows was January 7. The total net inflows for the past 24 hours stood at approximately $10.6 million. XRP ETF Netflows, Source: SoSoValue XRP Price Outlook As of this writing, the asset trades at around $2.12, representing a mere 0.6% increase on a weekly scale. This contrasts with the double-digit price spikes that other altcoins, such as Monero (XMR) and Internet Computer (ICP), have posted during the same period. Despite the consolidation, many industry participants argue that XRP could be on the verge of a major bull run. X user Amonyx predicted a pump above $18, advising investors that “patience is key.” LEB CRYPTO is also very bullish, envisioning an explosion to almost $60 in the following years. However, there are some warnings of a pullback, with X user EGRAG CRYPTO describing a potential crash to $1.40-$1.20 as “the worst-case zone.” The post Ripple (XRP) News Today: January 15th appeared first on CryptoPotato .
