Rocket Fuel For $10 XRP Price Looks Nigh Based On These Key Factors Amid Ripple Win In SEC Fight

Ripple‘s XRP has received approval for deployment within the Dubai International Financial Centre (DIFC) from the Dubai Financial Services Authority (DFSA), joining bitcoin, Ether, and Litecoin for use by the 4,000-plus firms in the zone. This move is expected to boost XRP‘s utility and reputation.

XRP-s-impressive-breakthrough-in-dubai”>XRP‘s Impressive Breakthrough in Dubai

Ripple announced its approval for XRP‘s use in Dubai, allowing licensed institutions in the DIFC to utilize the cryptocurrency for faster global value transfers. With over 4,000 firms located in the special economic zone, this endorsement by the DIFC is a significant milestone for XRP.

Ripple CEO Brad Garlinghouse praised Dubai’s pro-innovation regulators and expressed the company’s commitment to regions with clear cryptocurrency regulations. He also highlighted Ripple‘s dedication to Dubai and its collaboration with regulators.

In other news, the National Bank of Georgia has chosen Ripple for its Digital Lari pilot project on the XRP Ledger (XRPL).

XRP-going-to-3″>XRP Going to $3?

As of now, XRP is trading at $0.604621 per coin and has gained 0.3% in the past day. Despite reaching $0.82 in July after a favorable ruling from a judge, XRP is still below its all-time high of $3.40. However, with the positive developments in the XRP ecosystem and recent court wins, the asset’s price may experience an uptrend, potentially surpassing the $1 mark and reaching new highs.

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By Team