Ripple (XRP) Price Surges as RLUSD Receives Blessing in Dubai!

Jakarta, Pintu News—After receiving regulatory approval for the Ripple USD (RLUSD) stablecoin in Dubai, the price of Ripple (XRP) increased significantly.

The approval granted by the Dubai Financial Services Authority (DFSA) at the Dubai International Financial Center (DIFC) marks a major step in Ripple’s global expansion, especially in the United Arab Emirates and other key regions.

Check out the full information below!

Ripple USD (RLUSD) Regulatory Approval in Dubai

Ripple USD (RLUSD), a stablecoin developed by Ripple, recently got the green light from the DFSA at DIFC. The stablecoin is tied 1:1 to the US dollar, with sufficient liquid reserves to guarantee its exchange rate.

RLUSD is specifically designed for institutional use, offering stability and reliability in large financial transactions. This approval not only opens up new opportunities for Ripple in expanding its business network, but also adds credibility to the use of RLUSD among large corporations and financial institutions around the world.

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Ripple (XRP) Price Rise and Institutional Demand

Following the approval of RLUSD, the price of Ripple (XRP) showed significant bullish momentum. This price increase was driven by increased institutional interest in Ripple (XRP), with many companies starting to adopt Ripple (XRP) based treasury strategies.

This increase was also influenced by growing market optimism along with Ripple’s regulatory expansion in various regions. With stronger institutional support, Ripple (XRP) is expected to continue to appreciate in value.

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Ripple (XRP) Price Outlook amid Market Optimism

With favorable market conditions, the price of Ripple (XRP) continues to show a positive trend. After successfully crossing the 200-day EMA at $2.07 and turning it into support, Ripple (XRP) is now eyeing a rise of up to 20% with a price target of $2.6.

Ripple’s (XRP) trading volume increasing to $2.45 billion indicates increased investor interest, which paves the way for further price gains. Crypto analyst, Javon Marks, even predicts that the price of Ripple (XRP) could surge up to 800% in the current bullish trend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. XRP Price Jumps After Dubai Approves RLUSD Stablecoin. Accessed on June 4, 2025
• Crypto Times. Ripple RLUSD Dubai Approval to Push XRP Price Up 20%. Accessed on June 4, 2025
• Featured Image: Blockchain News