Ripple’s (XRP) Price Sets Sail in Positive Territory

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  • Ripple (XRP) Sees 1.38% Surge in 24 Hours
  • Global Inclusion Could Propel Price Surge for Ripple

After a two-week decline, Ripple (XRP) is experiencing a renewed upward movement in its trading price. Over the past 24 hours, the coin has seen a 1.38% increase. While this may not appear substantial, it has brought positive momentum among XRP holders.

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Ripple (XRP) Price Surge (Source: thenewscrypto)

At the start of the week, popular cryptocurrencies such as BTC, ETH, BNB, SOL, ADA, and XRP experienced price declines. The main cause for this was the impact of memecoins, while mainstream cryptocurrencies remained relatively stable.

Ripple (XRP) in Dubai

In the midst of these events, influential figures in the crypto world, including Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong, have taken notice of the United Arab Emirates (UAE). The UAE has garnered attention due to its crypto-friendly environment and the rapid growth of the industry in the region. The country’s clear and easily understandable regulatory framework is one of the key factors contributing to its popularity.

Ripple has been working closely with the UAE since 2021 when they introduced the On-Demand Liquidity (ODL) deployment in the Middle East. During the Dubai Fintech Summit, Ripple’s CEO Brad expressed their intention to expand operations in Dubai. This global collaboration could potentially provide the momentum needed for a price surge in the coming days.

Currently, the price of XRP is $0.4278, and the 24-hour trading volume stands at $868,235,783. Throughout the day, the token has been experiencing positive price movement. The market capitalization has reached $22,192,995,142, showing a rise of 1.06%.

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