XRP Price Prediction: Can XRP Hold $1.10 After Ripple Scores Its Biggest Regulatory Win in Europe
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Ripple secured full CASP authorization from Luxembourg’s CSSF, clearing it to operate across all 30 EEA countries and marking a major regulatory win likely to boost crypto adoption and Ripple token access in Europe. XRP trades at $1.1249 on July 7, down 1.70% and retesting a trendline breakout flagged as weak with $1.10 critical support, while options volume exploded 180.05% as traders position aggressively, indicating heightened interest but near-term technical risk.
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- Ripple received full CASP authorization from Luxembourg’s CSSF, clearing it to operate across all 30 EEA countries
- XRP’s trendline breakout is being retested with the chart flagging the move as looking weak
- Options volume exploded 180.05% as traders position aggressively for the next directional move
XRP trades at $1.1249 on July 7, down 1.70% and pulling back into the retest zone after last week’s trendline break, with the chart noting the breakout looks weak and $1.10 now the level bulls need to defend.
Is XRP’s Trendline Breakout Holding Or Failing?
The daily chart shows XRP in a retest of the descending trendline it broke above last week, with price now sitting back inside the retest zone annotated on the chart itself. The label is direct: “Retest zone — however, breakout looks weak.” That’s not a confirmed fail…
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