XRP Price Outlook as Ripple to Acquire BC Payments Australia for Financial License

$XRP price slipped 2.47% to $1.38 on Wednesday amid market caution ahead of inflation data. Ripple will be in a position to control onboarding, compliance controls, flow of funds, and foreign exchange under the license. The broader crypto market weakened as investors reduced risk before key U.S. inflation figures release. $XRP has struggled below $1.40 following a strong rally and a modest market correction recently.