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Open USD Snub, MiCA Win & the $1.20 Ceiling | Jul 5-6
Audio is available on Spreaker — see link below.
XRP was left off the Open USD launch while Ripple scored a landmark MiCA authorization in Europe — today's briefing unpacks why those two signals point in opposite directions. Plus: nine straight weeks of ETF inflows, XRP's $1.14 breakout, and the CLARITY Act's odds collapse to 48%.
Audio is available on Spreaker — see link below.
Ripple just got associated with one of the biggest stablecoin launches in crypto history, and XRP holders got almost nothing from it. That's the signal worth leading with today.
What did move the needle for XRP this week was Ripple's full MiCA authorization in Europe. Ripple obtained its CASP license, which means it can now passport payment services across the entire European Economic Area.
Nine consecutive weeks of inflows into spot XRP ETFs. Seventeen-point-one-nine million dollars in the most recent week, with the total since November sitting near one-point-four-seven billion dollars.
XRP cleared one-dollar-fourteen on July fifth with volume running at two hundred and seven percent above average. That breakout was clean on the tape.
The CLARITY Act missed its July fourth target. The Senate adjourned without a floor vote.
The through-line today is straightforward but worth holding onto. Ripple's institutional footprint is expanding, through MiCA, through proximity to Open USD, through sustained ETF inflows.
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