- Ripple’s USD-backed stablecoin RLUSD just got regulatory approval from Dubai’s DFSA, boosting XRP’s chances of a breakout past $3.
- RLUSD is built for enterprise use and is gaining traction in the UAE, where stablecoin transactions jumped 55% in 2024.
- XRP is holding strong above key support at $2.07, and a move past $2.30 could trigger a bullish breakout toward $3.00.
XRP’s price is bubbling with bullish energy as Ripple’s RLUSD stablecoin just snagged a major green light from Dubai’s financial watchdog. With this approval, RLUSD becomes a recognized token within the Dubai International Financial Centre (DIFC), giving Ripple a firmer grip in the region’s crypto scene. At the time of writing, XRP hovers around $2.14 and is edging toward a possible breakout, with traders glued to the $3 mark like it’s a finish line.
RLUSD Gets Dubai’s Stamp of Approval
This isn’t just a regulatory thumbs-up—it’s a big deal. RLUSD, backed 1:1 with USD and wrapped in layers of compliance and third-party audits, now has DFSA approval and was also issued under the NYDFS charter. That’s a serious badge of trust. Ripple’s Jack McDonald called the DFSA’s nod “proof” of their stablecoin’s reliability. Meanwhile, Ripple’s UAE expansion continues with Zand Bank and Mamo joining its network, further fueling XRP’s upside potential.
Enterprise Use and Regional Growth Drive Hype
What’s different about RLUSD is its enterprise-first mindset. It’s not just another retail coin—Ripple’s aiming this one at business use cases, especially in high-volume environments like cross-border payments. With almost 7,000 businesses in DIFC, the demand is real. Add to that the UAE’s 55% year-over-year spike in stablecoin use, and you’ve got a ripe landscape for adoption. Ripple’s also working on a real estate tokenization project with Dubai’s Land Department, giving XRP Ledger some real-world utility.
Chart Watch: XRP Poised for Lift-Off?
Now the technicals—XRP’s price is floating above the $2.07 support level. Chart analyst EGRAG CRYPTO says if XRP can break above $2.30, we might see it shoot toward $2.50, then maybe $3.00. A confirmed double bottom around that zone could spark the third Elliott wave—a classic surge signal. With XRP above its long-term moving average and all eyes on the charts, that rally might not be far off.
