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XRP Gains Momentum as Ripple Expands Crypto Custody Services in Dubai

XRP Gains Momentum as Ripple Expands Crypto Custody Services in Dubai

Author:
XRP News
Published:
2025-07-17 11:01:10
13
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[TRADE_PLUGIN]XRPUSDT,XRPUSDT[/TRADE_PLUGIN]

Ripple has significantly strengthened its foothold in the Middle East through a strategic custody partnership in Dubai. The blockchain giant is teaming up with Ctrl Alt, a VASP-licensed entity, to bolster the Dubai Land Department's Real Estate Tokenization Project. This collaboration represents Ripple's first major custody initiative in the UAE, offering institutional-grade security for tokenized property assets. The partnership comes at a time when demand for secure and scalable crypto custody solutions is surging, positioning XRP for potential growth in the region's burgeoning digital asset market.

Ripple Expands Crypto Custody Services in Dubai Through Strategic Partnership

Ripple has cemented its presence in the Middle East with a landmark custody partnership in Dubai. The blockchain firm is collaborating with Ctrl Alt, a VASP-licensed entity, to support the Dubai Land Department's Real Estate Tokenization Project. This alliance marks Ripple's first major custody venture in the UAE, delivering institutional-grade security for tokenized property assets.

The deal addresses surging demand for compliant digital asset infrastructure in the region. Ctrl Alt's regulatory approval from VARA positions it as a key enabler for institutional crypto adoption. "This partnership demonstrates our commitment to bridging traditional finance with blockchain solutions," said Reece Merrick, Ripple's Managing Director for Middle East and Africa.

Ripple's custody technology will safeguard tokenized real estate deeds, combining enterprise-grade security with Dubai's progressive regulatory framework. The MOVE signals growing institutional confidence in digital asset applications beyond speculative trading.

XRP Price Jumps 26% Weekly as Whale Moves in: $3 Breakout Ahead?

XRP surged 26% this week amid heightened trading activity and a massive whale transfer to Coinbase. A wallet moved 25.5 million XRP ($73.6M) just days before ProShares' futures XRP ETF launch, sparking speculation of institutional positioning.

Technical analysts highlight a bullish pattern mirroring XRP's 2017 breakout, with RSI crossovers and triangle consolidation suggesting upward momentum. The token now trades 14% below its all-time high at $2.92, with $6.2B in daily volume reflecting intense market interest.

Market observers draw parallels between current conditions and previous cycles where ETF launches acted as catalysts for parabolic moves. The combination of technical signals, whale activity, and impending institutional products creates a potent bullish thesis for XRP.

Ripple Price Analysis: Will XRP Break All-Time High Levels in This Aggressive Rally?

XRP has emerged from a prolonged consolidation phase, showcasing a dramatic breakout against both USD and BTC. The token's recent surge has flipped key resistance levels into support, signaling a potential shift in market dynamics. Momentum indicators like the RSI have spiked into overbought territory, suggesting speculative interest is returning to the asset.

Technically, XRPUSDT shattered a falling wedge pattern with a decisive close above $2.30, clearing the 50-day and 200-day moving averages. The next critical test lies at the $3.00 resistance zone—a historical supply ceiling. While overextension risks remain, sustained trading above key moving averages could pave the way for challenges at $3.40 and potentially $4.00.

XRP Price Could Drop 20% Before Next Rally, On-Chain Data Suggests

XRP faces a potential 20% correction as on-chain indicators mirror historical patterns preceding local tops. Exchange reserves on Binance have surged to 2.96 billion tokens—the highest since January 2025—echoing conditions seen during May 2025's price peak at $2.54, which triggered a subsequent 20% decline.

Whale activity compounds bearish signals, with transactions exceeding $1 million reaching a three-month high. Such spikes typically precede distribution phases, where large holders capitalize on price peaks. The convergence of rising exchange deposits and whale movements suggests imminent selling pressure, though analysts anticipate a resumption of XRP's upward trajectory post-correction.

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