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Ripple's XRP continued to show a sharp divide between its spot and futures markets, with spot buyers increasing activity while derivatives traders reduced exposure. CryptoQuant data showed that open interest fell from more than $1 billion to about $823.8 million even as XRP traded near $1.14.
At the same time, Ripple secured full Markets in Crypto-Assets (MiCA) authorization in Luxembourg, while XRP spot exchange-traded funds recorded an eighth consecutive week of net inflows.
CryptoQuant data showed XRP maintained its price near $1.14 despite a steady decline in open Interest. The data suggested traders reduced leverage instead of building larger futures positions. Meanwhile, XRP's Spot Taker Cumulative Volume Delta (CVD) showed strong taker-buy activity before returning to a more balanced level. Early spot buyers remained more aggressive than derivatives traders during the observed period.
In addition, CEX Estimated Spot CVD improved from roughly negative $42 million to positive $406 million. That represented an increase of about $448 million over two months, showing steady spot demand despite weaker derivatives participation. By contrast, Futures Taker CVD remained weak to neutral throughout the same period. As a result, futures traders did not match the buying strength that appeared in spot markets.
Binance data reflected the same trend. Binance Perpetual CVD declined from about negative $48 million to negative $783 million, showing continued selling pressure in perpetual contracts. Besides that, Binance open Interest dropped from approximately $255 million to $203 million. The decline indicated traders continued reducing leveraged positions even as XRP held relatively stable.
Ripple announced that Luxembourg's Commission de Surveillance du Secteur Financier granted the company a Crypto-Asset Service Provider license under the European Union's MiCA framework. The approval allows Ripple to passport regulated crypto services across all 27 European Economic Area member states. Consequently, the company can expand its regulated digital asset services throughout the region.
Following its initial MiCA clearance in June, Ripple said the CASP license completed its authorization process under the European regulatory framework. The company also noted that the approval complements its existing European e-money license.
Furthermore, Ripple stated that the combined approvals support its cross-border payments business serving banks, financial institutions, and enterprise clients. The framework also provides a regulated structure for crypto payment services across Europe.
Read More: Why XRP is Rising as Fed Rate Expectations Shift
Ripple added that the licensing structure supports wider adoption of XRP-powered payment products alongside its RLUSD stablecoin throughout the European market.
Commenting on the development, Ripple managing director for the UK and Europe, Cassie Craddock, said the company now stands fully prepared to expand operations under the MiCA framework after completing the regulatory transition.
Institutional demand also remained steady during Ripple's regulatory expansion. According to SoSoValue, XRP spot exchange-traded funds recorded eight consecutive weeks of net inflows. SoSoValue reported cumulative net inflows reached $1.49 billion. Although the funds recorded no new daily inflows on July 6, total assets under management remained near $1.05 billion.
The data showed those assets represented approximately 1.47% of XRP's total market capitalization. Meanwhile, crypto.news data showed XRP traded around $1.13 on Tuesday, down 1.1% over the previous 24 hours while remaining nearly 9% higher for the week.
During the same period, Bitcoin maintained weekly gains exceeding 10% despite weakness in U.S. equities and rising oil prices linked to geopolitical tensions. Investors also continued monitoring developments surrounding the final version of the GENIUS Act, expected before July 18, while Ether traded near $1,800.
XRP spot demand continued to strengthen as futures traders reduced leverage, creating a clear divergence between the two markets. Meanwhile, Ripple secured full MiCA approval in Luxembourg, and XRP spot ETFs extended their inflow streak to eight consecutive weeks, reflecting sustained institutional participation alongside the company's regulatory expansion.
