Ripple (XRP) has risen by 1.38% in the past 24 hours.
Global inclusivity could be the boost needed for a price surge.
After a two-week decline, Ripple (XRP) gained new momentum in trading prices. In the past 24 hours, the token has risen by 1.38%. This might not seem much, but it’s starting to bring positive momentum to XRP holders.
At the start of this week, major cryptocurrencies like BTC, ETH, BNB, SOL, ADA, and XRP all experienced losses. The mainstream cryptocurrencies stagnated for no significant reason other than memecoins.
Ripple (XRP) in Dubai In the midst of all this,
the United Arab Emirates (UAE) has drawn the attention of major cryptocurrency figures such as Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong. The region is renowned for its crypto-friendly attributes, and the rise of the industry is flourishing. The country’s clear and simple regulatory framework is one of the reasons for this popularity.
Ripple’s collaboration with the UAE can be traced back to 2021 when On-Demand Liquidity (ODL) deployment was launched in the Middle East. At a fintech summit in Dubai, XRP CEO Brad expressed his company’s intention to expand its operations in Dubai. This global inclusivity could be the boost needed for a price surge in the coming days.
The current XRP price is $0.4278, with a 24-hour trading volume of $868,235,783. So far, the token has been on the green road since the day started. The market cap also reached $22,192,995,142, an increase of 1.06%.