Ripple's Regulatory Win Sparks XRP Price Drop to $1 Level

XRP's price has dropped below $1.10 as sellers regain control after Ripple secured a full Crypto-Asset Service Provider license from Luxembourg.

The token's decline came despite its recent regulatory win and is being fueled by profit-taking and long liquidations, according to market data.

A descending channel, weakened RSI, and bearish MACD setup all indicate downside risks for XRP. Meanwhile, Ripple's MiCA license and $4 billion in XRPL tokenized RWAs highlight the network's growing adoption despite near-term weakness.