XRP steady at $2.10 with modest gains of 0.24% over the past day, backed by $1.12B in trading volume and a market cap of $127.5B. What's catching traders' attention is Ripple's UK subsidiary securing FCA registration—covering both electronic money institution (EMI) and cryptoasset services. This regulatory milestone signals growing institutional confidence in the ecosystem.
On the technical side, the setup looks constructive. XRP is holding above the $2.04 support with a bullish flag pattern taking shape. The exponential moving averages are tightening, suggesting momentum building. If sellers step aside and price breaks through $2.15 resistance, the next target sits around $2.40. Keeping tabs on volume confirmation will be key to validating any move higher.
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WalletAnxietyPatient
· 01-12 02:49
The FCA registration move is pretty good; it finally feels like some institutional recognition. But honestly, the 2.10 level still feels a bit weak. It depends on whether it can truly break above 2.15.
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CodeAuditQueen
· 01-11 19:52
Is FCA registration enough to signal institutional confidence? This logic has some issues... Regulatory licenses ≠ influx of funds. Be careful not to fall into a re-entrancy attack on your own thinking.
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GhostAddressHunter
· 01-11 19:52
FCA registration this move still has some substance, institutions are really entering the market.
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TrustMeBro
· 01-11 19:46
Is the FCA registration thing real, or is it just another scam to trick investors?
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RooftopReserver
· 01-11 19:42
The FCA registration move is okay, but it depends on whether it can truly encourage institutional entry in the future. Just talking on paper isn't very useful.
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BlockBargainHunter
· 01-11 19:35
FCA registration is indeed impressive, but reaching 2.40 will really depend on trading volume cooperation.
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MidnightGenesis
· 01-11 19:31
On-chain data shows that the FCA registration timestamp is interesting... Based on past experience, there are usually contract changes before such announcements, so it's worth monitoring Ripple's deployment records. The $2.15 resistance level isn't too difficult to break, the key is to see subsequent trading volume confirmation. If nothing unexpected happens, it's still institutions making moves.
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JustHereForAirdrops
· 01-11 19:31
The FCA registration is real this time. Finally, institutions are willing to enter the market. The target of 2.4 sounds pretty good.
XRP steady at $2.10 with modest gains of 0.24% over the past day, backed by $1.12B in trading volume and a market cap of $127.5B. What's catching traders' attention is Ripple's UK subsidiary securing FCA registration—covering both electronic money institution (EMI) and cryptoasset services. This regulatory milestone signals growing institutional confidence in the ecosystem.
On the technical side, the setup looks constructive. XRP is holding above the $2.04 support with a bullish flag pattern taking shape. The exponential moving averages are tightening, suggesting momentum building. If sellers step aside and price breaks through $2.15 resistance, the next target sits around $2.40. Keeping tabs on volume confirmation will be key to validating any move higher.