XRP drops 64% from ATH despite Ripple securing 75+ licenses

XRP slips to about $1.33, 64% below its $3.65 July 2025 peak. Development races ahead. Price lags.

A crypto pundit on X says the heavy lifting is done. “The market has not yet priced this in.” Source.

Ripple’s compliance stack is broad. The firm holds 75+ licenses, per the pundit. He estimates 8–12 years and hundreds of millions to recreate that footprint post. Progress highlights:

- UK: FCA EMI license and crypto-asset registration coverage.
- EU: Full EMI approval in Luxembourg with passporting across 27 member states filing.
- Middle East entry noted report.

In the US, DTCC’s NSCC directory added Hidden Road Partners CIV US LLC, the prime broker Ripple bought for $1.25B, with operational clearing credentials listing. DTCC patents in 2025 name Ripple and XRP as compatible infrastructure for tokenized finance patent mention.

Price still trails the buildout. XRP struggles to break $1.40, with mid‑$1.30s rejections context.

Macro weighed on flows in Feb–Mar 2026. New US trade tariffs and Middle East tension drove ETF outflows analysis. Spot Bitcoin ETF inflows only started to tick back up in recent days data.

A near-term catalyst looms. The CLARITY Act Senate Banking markup is slated for H2 April 2026. The bill would classify XRP as a digital commodity and could unlock ETF demand, per coverage report.