Support from Luxembourg and the launch of RLUSD could boost XRP's regulatory standing and solidify Ripple's presence in Europe.

Ripple's Expanding European Strategy

Ripple's approach to the European market is gaining momentum, with significant support emerging from Luxembourg.

Luxembourg's endorsement of a compliance plan that aligns with the Markets in Crypto-Assets (MiCA) regulation and the rollout of RLUSD are crucial developments.

These advancements are paving the way for Ripple to obtain an Electronic Money Institution (EMI) license.

Acquiring this license will enable Ripple to offer passport services throughout the European Economic Area (EEA).