Ripple secures EU e-money license, pursues Fed master account access, and expands institutional rails, while XRP price remains below $1.37.<\/p>\n
The gap between what XRP is building and what its price reflects has never been wider. While the token trudges below its 200-day moving average at $1.37, the network behind it is quietly stitching together a payments infrastructure that spans continents and reaches toward the very plumbing of the US financial system. Two developments this week \u2013 a full e-money license in Luxembourg and the launch of a public comment period for Federal Reserve “skinny” master accounts \u2013 underscore a strategy that prioritises regulatory depth over short-term price reaction.<\/p>\n
Ripple has secured a full e-money institution licence from Luxembourg\u2019s CSSF, giving it passporting rights across all 27 EU member states. That is not a ceremonial badge; it allows the company to scale its payment services without chasing individual approvals in each jurisdiction. The firm now holds more than 75 licences worldwide. The immediate beneficiary is its own stablecoin RLUSD, whose market capitalisation on the XRP Ledger has surged past $1.65 billion. The token is increasingly being positioned as a settlement and collateral asset on institutional rails.<\/p>\n
Those rails are expanding in the US as well. Ripple Prime, the company\u2019s prime brokerage arm, announced on 19 May an integration with EDX Markets and EDXM International, giving clients access to spot liquidity and perpetual futures. EDX is backed by Citadel Securities and Fidelity Digital Assets, and RLUSD is expected to serve as a key settlement and margin asset on those platforms. To support the build-out, Ripple Prime secured a $200 million credit facility from Neuberger Berman.<\/p>\n
Meanwhile, the Federal Reserve\u2019s move to open a 60-day public comment period on skinny master accounts \u2013 stripped-down access to Fedwire and FedNow that excludes overnight credit or the discount window \u2013 could provide another gateway. Ripple is among the first applicants for such access, with a proposed deposit limit of $1 billion. The timeline is long: Tier 3 applications are not expected to be ruled on until December 2026. Senator Elizabeth Warren has signalled opposition, while Ripple\u2019s chief legal officer Stu Alderoty has called the model an attractive option. For now, the Fed remains a strategic catalyst rather than an immediate price trigger.<\/p>\n
Should investors sell immediately? Or is it worth buying XRP?<\/a><\/p>\n Not every institutional player is moving in the same direction. Goldman Sachs liquidated its entire XRP ETF position in the first quarter of 2026, exiting holdings worth roughly $154 million that had made it the dominant institutional holder. The sale was stark, but the broader market quickly absorbed it. US spot XRP ETFs have attracted $1.39 billion in cumulative net inflows since their November 2025 launch, with weekly inflows hitting $60.5 million \u2013 the highest this year. Franklin Templeton\u2019s and Canary\u2019s funds have been the primary beneficiaries; Canary alone has gathered $445 million.<\/p>\n The derivatives market tells a similar story of robust engagement. XRP futures on the CME Group posted a notional trading volume of around $63 billion through 15 May, with more than 1.3 million contracts changing hands. That level of activity suggests institutional interest that goes well beyond the headline of a single bank\u2019s exit.<\/p>\n Price action, however, remains disconnected from this infrastructure build. XRP is hovering at $1.36\u2013$1.37, down roughly 27% year-to-date and 42% lower than a year ago. It sits about 20% below the 200-day moving average of $1.70. The relative strength index of 59.2 indicates no extreme positioning, but on-chain data from Glassnode reveals a wall of supply: a large cluster of holdings sits in a loss zone just under $1.46, forming near-term resistance. Support holds around $1.30.<\/p>\n