XRP’s price is on the verge of a breakout from a classic descending triangle pattern, fueled by Ripple’s historic regulatory milestone in Dubai and potential resolution of its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).
XRP Price Poised for 46% Surge
XRP has been consolidating within a descending triangle since reaching its seven-year high of $3.40 on January 16. Recent technical movements suggest a potential breakout, with XRP currently testing resistance at $2.30. A successful daily close above this level could propel the price toward key targets, including $3.00 and $3.27, before revisiting its multi-year peak of $3.40. This trajectory represents a potential gain of up to 46%.
Renowned crypto analyst CrediBull Crypto highlighted that XRP’s dip below $2.00 provided a prime buying opportunity, with traders now targeting profits near $3.40.
Manifest destiny. $XRP https://t.co/Pa2pKSbYHq pic.twitter.com/FyeWfMrw5z
— CrediBULL Crypto (@CredibleCrypto) March 14, 2025
Ripple Secures Dubai License, Unlocking New Markets
Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. https://t.co/6oHWtnjODr
— Ripple (@Ripple) March 13, 2025
This milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing…
On March 13, Ripple announced regulatory approval from the Dubai Financial Services Authority (DFSA), allowing it to offer crypto payment services in the UAE. This marks Ripple’s first license in the Middle East and grants the firm access to the UAE’s $40 billion remittance market and $400 billion international trade sector.
Market optimism surged following the announcement, with XRP’s price climbing 6% from $2.21 to $2.34 on March 11. Industry expert Vincent van Code called Ripple’s DFSA approval a “game-changer,” reinforcing its leadership in regulated crypto payments.
SEC vs. Ripple Case Nears Conclusion
A significant bullish catalyst for XRP is the expected resolution of Ripple’s legal battle with the SEC. After a July 2023 ruling that deemed XRP not a security for retail sales, recent reports suggest both parties may drop their appeals. Fox Business’s Eleanor Terret cited sources claiming that new SEC leadership under Acting Chair Mark Uyeda is reconsidering aggressive crypto enforcement, possibly leading to regulatory clarity.
Also Read: Ripple vs. SEC: Settlement Nears—Will XRP’s Price Surge Again?
As XRP flirts with a technical breakout and benefits from key fundamental developments, investors are watching closely for a potential surge toward $3.40 in the coming weeks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
