XRP records a 24-hour price gain of over 1.3%. Does Dubai's expansion plan have a significant impact on it?
- Ripple (XRP) has witnessed a 1.38% surge in the last 24 hours.
- Global inclusion may be the boost needed for a price surge.
Ripple (XRP) is gaining a fresh push in the trading price after a two weeks decline. In the last 24 hours, the coin has witnessed a 1.38% surge. This may not seem huge, but the start is bringing positive momentum among XRP holders.
As the week began, major cryptos like BTC, ETH, BNB, SOL, ADA, and XRP were traveling in the red. Though there was no significant reason behind this except for memecoins, mainstream cryptocurrencies were stagnant.
Ripple (XRP) in Dubai
Amidst all this, the United Arab Emirates (UAE) nation has gained the attention of important crypto personalities such as Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong. The region’s crypto-friendly attributes are world known and the rise of the industry is also booming. Crystal clear and easy regulatory framework in the country is one of the reasons for this popularity.
Ripple’s coordination with the UAE goes back to 2021, at the launch of On-Demand Liquidity (ODL) deployment in the Middle East. At Dubai’s Fintech Summit, XRP’s CEO, Brad, expressed his firm’s notion to expand its operations in Dubai. This global inclusion may be the boost needed for a price surge after a few days.
Presently, the price of XRP is $0.4278, with $868,235,783 as the 24-hour trading volume. So far, the token has been on the green path since the start of the day. The market cap has also reached $22,192,995,142, with a 1.06% rise.