According to CoinMarketCap, Ripple has received preliminary approval for an Electronic Money Institution license from Luxembourg’s financial regulator, moving it closer to offering EU‑regulated digital asset payment services, source: CoinMarketCap. CoinMarketCap added that this regulatory milestone advances Ripple’s ability to provide regulated payment solutions across the EU, a development traders can track for potential XRP (XRP) market reactions tied to further licensing updates, source: CoinMarketCap. Key trading watchpoints now are a final authorization decision in Luxembourg and any EU rollout announcements, as highlighted by CoinMarketCap.