XRP Jumps 4% as MiCA Approval and Bitcoin's Rebound Fuel a Trendline Breakout

2 weeks ago 4

Rommie Analytics

XRP is having a strong day. The Ripple-linked token climbed about 4% over the last 24 hours to trade near $1.13, and this time the move has real drivers behind it — a major regulatory win, widening institutional access, and a broader market lifted by a resurgent Bitcoin. The rally has also pushed $XRP above a descending trendline that has capped every attempt to recover since its $1.54 high.

Let's start with why it's moving, then look at what the chart says.

Why is XRP Price up today?

Three things are working in XRP's favor at once.

First, regulation. Ripple has secured full MiCA approval to operate across 30 European countries, which strengthens its appeal to banks and payment providers and removes a layer of uncertainty that had kept institutions cautious. Second, access is widening: investors can now buy 21Shares XRP through most brokerages without needing to hold the coin in self-custody — a meaningful lowering of the barrier for traditional money. Third, momentum from the broader market: XRP posted its fourth straight green daily close on Monda...

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