Ripple Secures Preliminary CASP License Approval in Luxembourg
- Preliminary License Approval: Ripple announced today that it has secured preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator, which could enable the rollout of regulated crypto asset services across the European Economic Area, thereby strengthening its position in the European market.
- Strategic Expansion: This CASP approval builds on Ripple's earlier acquisition of an Electronic Institution license, which allows it to provide digital payment services, thus supporting the expansion of its RLUSD stablecoin.
- Integrated Payment Infrastructure: Ripple stated that the CASP license, combined with its existing Electronic Money Institution (EMI) license, will allow European banks, fintechs, and corporates to access its crypto asset and stablecoin payment infrastructure through a single integration, enhancing the efficiency of fund collection, exchange, and disbursement.
- Importance of Compliance: Ripple emphasized that obtaining this license is part of a broader regulatory expansion, indicating that compliance is becoming increasingly critical in the market targeting institutional clients, especially as MiCA emerges as the EU's main regulatory framework.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for LIGHT
Technical Sentiment Analysis for Light (LIGHT). As of , Light (LIGHT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LIGHT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LIGHT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Light (LIGHT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0697 | 0.085 | 0.0994 | 0.115 | 0.129 | 0.144 | 0.159 |
| Fibonacci | 0.085 | 0.0964 | 0.103 | 0.115 | 0.126 | 0.133 | 0.144 |
About LIGHT
About the author
