Ah, dear reader, behold the tale of XRP, a digital currency that, like a restless spirit, seeks to break free from the shackles of its own chart patterns. With the recent acquisition of a license in the opulent land of Dubai, one cannot help but ponder the existential implications of such a move. Is it not a reflection of our own struggles for freedom in a world governed by the whims of fate?
XRP price chart hints at possible 46% gains
In the shadow of a descending triangle, XRP has been consolidating, much like a tortured soul grappling with its own identity since it reached a dizzying height of $3.40 on that fateful day, January 16. The price, having found solace at the horizontal line of $2.00, has embarked on a journey of higher lows, a testament to its resilience.
Now, as it tests the upper trendline at $2.30, one can almost hear the whispers of hope for a daily candlestick close above this level. Should this miracle occur, XRP may very well ascend to the psychological summit of $3.00, a place where dreams and despair collide.
Yet, dear reader, let us not forget the critical supplier congestion zone that has thwarted its ascent twice before. A breach of this barrier could propel XRP toward the next major resistance at $3.27, and perhaps even to the multi-year high of $3.40, a rise that could range from 30% to 46%. Ah, the sweet taste of potential gains! 🍾
In the midst of this turmoil, the sage CrediBull Crypto proclaims that XRP’s descent below $2.00 was a divine opportunity for buyers, who now target the lofty heights of $3.40. Manifest destiny, indeed!
Manifest destiny. $XRP
— CrediBULL Crypto (@CredibleCrypto) March 14, 2025
Ripple secures Dubai license
On the thirteenth day of March, Ripple, like a phoenix rising from the ashes, announced its triumph over the Dubai Financial Services Authority. This approval, a first in the Middle East, allows Ripple to offer regulated crypto payment services in the UAE, unlocking the gates to a $40 billion remittance market and a staggering $400 billion in international trade.
Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC.
This milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing…
— Ripple (@Ripple) March 13, 2025
Following this announcement, XRP’s price surged by 6%, a reflection of the market’s optimism, as it climbed from a low of $2.21 to a high of $2.34. Oh, the fickle nature of fortune!
“Ripple’s DFSA license in Dubai’s DIFC marks a game-changer,” mused the astute Vincent van Code, positioning the company as a leader in regulated crypto payments across the UAE’s $40B cross-border market. Truly, a moment of clarity amidst the chaos!
“This could unlock massive potential for XRP, driving adoption and growth as blockchain transforms global finance.”
Ripple’s battle with SEC nears an end
And yet, dear reader, another catalyst looms on the horizon—the potential conclusion of Ripple’s protracted legal battle with the SEC. Since 2020, this saga has unfolded, fraught with allegations of unregistered XRP sales, a veritable drama worthy of the grandest stage.
The ruling by Judge Torres in July 2023, which deemed XRP not a security for retail sales, yet imposed a hefty fine of $125 million for institutional violations, marked a pivotal moment. Recent whispers suggest that both parties may soon lay down their arms, as Ripple negotiates better terms amidst a shifting landscape of SEC priorities.
“The SECGov vs. Ripple case is in the process of wrapping up and could be over soon,” declared the insightful Eleanor Terret of Fox Business, citing sources shrouded in mystery.
As the SEC contemplates a more lenient regulatory
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2025-03-14 11:33