Ripple has obtained new Electronic Money Institution (EMI) licenses in the United Kingdom and Luxembourg, marking a significant step in its regulatory compliance efforts. According to NS3.AI, these developments at the company level could potentially impact the XRPL network's activity, including transactions, new wallet creations, and decentralized exchange volumes. Despite these advancements, broader cross-border payment reforms continue to progress slowly. XRP's market performance is expected to remain sensitive to macro liquidity conditions and on-chain usage confirmation.