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The post <a href="https://coinpedia.org/news/why-xrp-price-is-surging-today/">Why XRP Price Is Surging Today&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Ripple’s token, XRP, has reached a four-month high of $0.66 due to growing optimism about resolving the <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-ends-xrp-price-surges-17-following-favorable-court-ruling/" target="_blank" rel="noreferrer noopener">Ripple vs. SEC lawsuit</a>. The price increase is also driven by Ripple’s new partnership in the United Arab Emirates (UAE), suggesting a positive trend for the cryptocurrency. This rise has attracted more XRP sharks and whales, signaling confidence but also the potential for volatility if large sell-offs occur. 
<h2 class="wp-block-heading" id="h-ripple-partners-with-dubai-s-difc">Ripple Partners with Dubai’s DIFC</h2> 
Ripple has partnered with the Dubai International Financial Centre (DIFC) Innovation Hub to boost blockchain and digital asset innovation in the UAE. This partnership aims to connect developers with the DIFC Innovation Hub, which hosts over 1,000 tech firms, venture capitalists, regulators, and educational entities.&nbsp; 
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 We’re partnering with the <a href="https://twitter.com/InnovHubDIFC?ref_src=twsrc%5Etfw">@InnovHubDIFC</a> to accelerate blockchain innovation in the UAE! Together, we're driving blockchain adoption among startups &amp; scale-ups, shaping the future of finance on the <a href="https://twitter.com/hashtag/XRPLedger?src=hash&amp;ref_src=twsrc%5Etfw">#XRPLedger</a>. <a href="https://t.co/fNaIXoJVL0">https://t.co/fNaIXoJVL0</a>— RippleX (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1821063850608795891?ref_src=twsrc%5Etfw">August 7, 2024</a>
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DIFC CEO Arif Amiri emphasized that this collaboration would strengthen DIFC’s role as a global leader in technology and innovation.&nbsp; 
Additionally, Ripple CEO <a href="https://app.coinpedia.org/bgarlinghouse" target="_blank" class="profile-details">brad garlinghouse</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/bgarlinghouse" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/1657885745691cwezvncr0c.png" class="user_profile_img" alt="user_profile_img" title="user_profile_img"> brad garlinghouse Brad Garlinghouse is one of the world’s largest crypto payments processors; he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He is currently serving as the CEO of financial technology company Ripple Labs. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. &nbsp; Previously, he also worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the "Peanut Butter Manifesto," requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.&nbsp; EntrepreneurInvestorChief Executive OfficerBoard Member <a href="https://www.facebook.com/bgarlinghouse" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2023/01/27173941/facebook-1.png" alt="facebook icon" title="facebook icon"></a> <a href="https://www.linkedin.com/in/bradgarlinghouse" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190603/li.svg" alt="linked icon" title="linked icon"></a> <a href="https://twitter.com/bgarlinghouse" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190602/tw.svg" alt="twitter icon" title="twitter icon"></a> <a href="https://www.instagram.com/bgarlinghouse/?hl=en" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190603/in.svg" alt="instagram icon" title="instagram icon"></a> noted that the partnership would enhance blockchain adoption in the region, with the XRP Ledger (XRPL) playing a key role. 
<h2 class="wp-block-heading" id="h-focus-on-xrp-ledger-developers">Focus on XRP Ledger Developers</h2> 
Ripple announced a reset of the XRP Ledger (XRPL) Testnet scheduled for August 19, 2024. This process will take about 15 minutes, during which the Testnet might be unavailable. 
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Attention <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw">#XRPL</a> Developers: we're planning a Testnet reset on August 19, 2024, starting at 3:00am EST. The reset will take approximately 15 minutes, during which the Testnet may be unavailable. Resets improve the Testnet stability and reduce the cost of running a Testnet…— RippleX (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1820497455542321212?ref_src=twsrc%5Etfw">August 5, 2024</a>
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Ripple is working on long-term solutions to improve the ecosystem’s resilience, including reducing network stress, enhancing security, and setting regular Testnet reset schedules. 
<h2 class="wp-block-heading" id="h-will-xrp-see-further-gains">Will XRP See Further Gains?</h2> 
Though 2024 was expected to be a big year for Ripple, progress has been slower than anticipated. XRP performed well in July but was affected by the recent crypto market downturn. Despite this, the new partnership and legal optimism suggest that XRP might soon experience a significant boost. 
After the court’s decision, XRP’s price saw a dramatic increase, climbing from $0.5018 to $0.6373, a 27% jump in just 90 minutes. As of now, XRP’s price has stabilized and is <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">trading at $0.6171</a> with a market cap of $33.9 billion. 
Also Read: <a href="https://coinpedia.org/news/xrp-price-prediction-how-the-ripple-vs-sec-lawsuit-outcome-could-skyrocket-xrp-prices/" target="_blank" rel="noreferrer noopener">XRP Price Prediction: How the Ripple vs SEC Lawsuit Outcome Could Skyrocket XRP Prices?</a>

Why XRP Price Is Surging Today

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