XRP Rises as Ripple Eyes Australian Financial Services License
XRP jumped slightly in the crypto market on Thursday as Ripple moves to obtain an Australian financial services license via the acquisition of BC Payments.
According to trading data, XRP is up about 1% after initial profit-taking, closely tracking a broader market recovery, primarily driven by a positive macro reaction to subdued U.S. inflation data and Ripple-specific news.
XRP’s modest gain aligns with a 1.05% rise in the total crypto market cap. The move followed the latest U.S. Consumer Price Index (CPI) reading, which showed annualised inflation at 2.4%, in line with expectations.
Ripple announced a $750 million share buyback from employees and investors, implying a company valuation of approximately $50 billion.
This follows a $500 million funding round in November 2025 at a $40 billion valuation, supported by major institutional backers.
This is bullish for XRP’s ecosystem because it demonstrates Ripple’s robust financial position and internal confidence, which could bolster institutional credibility for its associated token.
Bloomberg ETF analyst James Seyffart noted that spot XRP ETFs have “held up pretty well,” amassing over $1.4 billion in assets since their November 2025 launch.
This comes despite March 2026 marking their first month of net outflows, with $26.07 million withdrawn over several days.
Ripple plans to acquire BC Payments Australia to secure an Australian Financial Services License (AFSL). This would enable its Ripple Payments business to offer end-to-end regulated services, including onboarding and liquidity management, to local clients.
Ripple is aggressively building its regulated financial infrastructure and balance sheet strength, even as XRP’s price faces headwinds and ETF flows turn negative. BTC Falls as ETFs Post $277 Million Daily Outflow
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