Related: Price analysis 3/12: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, LEO, HBARFollowing the announcement, XRP price gained 6% from a low of $2.21 to a high of $2.34 on March 11, reflecting market optimism.“Ripple’s DFSA license in Dubai’s DIFC marks a game-changer, ” said popular commentator Vincent van Code in a March 13 post on X, adding that it positions the” company as a leader in regulated crypto payments across the UAE’s $40B cross-border market.”“This could unlock massive potential for XRP, driving adoption and growth as blockchain transforms global finance.”Ripple’s battle with SEC nears an endAnother potential catalyst for XRP price is the possible end of the SEC’s case against Ripple.
Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC.milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing…— Ripple (@Ripple) March 13, 2025This approval, Ripple’s first in the Middle East, will allow the payments company to tap into the UAE’s $40 billion remittance and $400 billion international trade markets.
Meanwhile, popular crypto analyst CrediBull Crypto says XRP’s drop to sub-$2.00 levels provided a perfect entry for buyers, targeting profits around $3.40.Manifest destiny.$XRP pic.twitter.com/FyeWfMrw5z— CrediBULL Crypto (@CredibleCrypto) March 14, 2025Ripple secures Dubai licenseOn March 13, Ripple announced that it had secured approval from the Dubai Financial Services Authority, allowing it to offer regulated crypto payment services in the UAE.
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Author / Journalist: Cointelegraph by Nancy Lubale
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