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MiCA Live, $3.5B on Ledger & XRP Still Down 25% YTD | Jul 12
Audio is available on Spreaker — see link below.
Ripple holds full MiCA access across 30 nations and $3.5B in tokenized assets — yet XRP trades 25% down year-to-date. Today's briefing unpacks the paradox, the CLARITY Act's July 20 vote, ETF inflow trends, and what it will actually take to close the gap.
Audio is available on Spreaker — see link below.
Ripple just secured full MiCA licensing across thirty European nations, has three-and-a-half billion dollars in tokenized assets on its ledger, and XRP is trading at one dollar and eleven cents. Down more than twenty-five percent year-to-date.
The Luxembourg approval on July sixth is the most significant regulatory development Ripple has logged in years. A single passporting mechanism now gives Ripple regulated access to thirty EEA nations, covering roughly four hundred and fifty million people.
That separation shows up clearly in the RLUSD numbers. On June twenty-sixth, RLUSD supply on the XRP Ledger crossed Ethereum's RLUSD supply for the first time.
The clearest near-term price catalyst for XRP remains legislative. The Senate's unified CLARITY Act draft is expected the week of July thirteenth, with a floor vote targeted for the week of July twentieth.
A piece of context that landed this week reframes the entire arc. At the University of Kansas, CEO Brad Garlinghouse disclosed that Ripple seriously considered liquidating the company during the SEC litigation and distributing XRP to shareholders.
XRP spot ETFs logged eight consecutive weeks of net inflows through early July, totalling one point four nine billion dollars since their November 2025 launch. The first net outflow appeared June thirtieth.
Ripple also confirmed Swell 2026 for October twenty-seventh through twenty-ninth in New York, merging its institutional and developer events for the first time. More than fifteen hundred attendees, seventy-five-plus speakers.
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