The XRP (XRP) could potentially increase in the short term as the Raple expects it to obtain a license in the Middle East and end the trial with US officials.
Chart pattern recommends 46 % increase
The XRP has been living in the triangle style on January 16, after removing its seven -year height from a height of 40 3.40.
During this time, the XRP/USD has been supporting a lower price with a horizontal support line of $ 2.00, but now it has crossed its height in the last four days, approaching the upper range of triangles.
XRP/USD Daily Chart. Source: Cointelegraph/Trading View
Currently, the XRP $ 2.30 is testing the upper limit trend line, and it will be interesting to see if it will go beyond it.
If the daily closing price exceeds this level, the XRP can increase the psychological milestone of 00 3.00. This level is also an important resistance that prevents the rise in prices twice in recent years.
It will increase its next major resistance at $ 3.27 and its year to 40 3.40 at intervals through this line, which will increase from 30 to 46 %.
Meanwhile, Cryptocurrency analyst Credit Crafto said that when the XRP comes down to 2.00 2.00, an ideal buying location will be created, with a target of about 40 3.40.
Apparent destiny. $ xrp https://t.co/pa2pksbyhq pic.twitter.com/fyewfmrw5z
– Credable Crypto (@Creddy Blorypto) March 14, 2025
Ripple’s license gets in Dubai
On March 13, Ripple announced that it had obtained approval from the Dubai Financial Services Agency (DFSA) and was able to provide regulated cryptocurrency payment services in the United Arab Emirates (United Arab Emirates).
Ripal has obtained regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first licensed blockchain payment provider at the DIFC. https://t.co/6ohwtnjodr
This milestone fully organizes cross -border crypto payments in the United Arab Emirates… brings…
– wave (@rapple) March 13, 2025
It will be the first Ripal license in the Middle East, which will allow the UAE’s Billion to enter the international trading market of 40 billion and $ 40 billion in remittances.
After the announcement, XRP prices increased by 6 % to $ 2.21 2.34 to 34 2.34, reflecting market expectations.
“The DFSA License Game Changer of the Republic is the DFSA License Game Changer and establishs itself as a leader in regulated cryptocurrency payments in the UAE’s 40 billion cross -border market,” said Vincent Van Code, an analyst at the Cryptoconnery.
He also pointed out that “the move would accelerate the adoption and development of the XRP, which would open the great potential of Block Blockchain Technology to replace international finances.”
The Legal Battle of Repeal and SEC is about to end
Another factor that affects XRP prices is the end of a legal battle with the US Securities and Exchange Commission (SEC).
Ripal has been in court with SEC on sale of XRP as unregistered securities since 2020, but it is possible to draw any conclusions.
In July 2023, an US court ruled that the XRP “is not securities to sell individual investors.” Meanwhile, Ripple was fined 125 million Million for sale to institutional investors. The decision was an important victory for the Republic, but the SEC proposed an appeal.
However, recent reports say that both sides have left their appeal and the Republic is discussing more favorable terms.
Referring to the testimony from two unconfirmed sources, citing testimony from two unconfirmed sources, “The SEC vs. Ripple’s case is in its final stages and is likely to be resolved soon.
He pointed out that “the new leadership of the SEC is temporarily resetting the implementation of its cryptocurrency rules and moving towards a more clear regulatory framework.” .
In fact, under the new SEC system, investigations and litigation against large cryptocurrency companies like Queen Base, Robin Hood and Creek have been released after another.
The insights and interpretations of this article are the author’s own and does not necessarily reflect the views of the quintal graph. This article does not include investment suggestions or recommendations. Every investment or transaction involves a risk, and readers should make their own research and make decisions.
