Ripple’s RLUSD Approval Fuels XRP Price Surge, Potential 20% Jump

XRP is experiencing a strong price rally after receiving regulatory approval from the Dubai Financial Authority (DFSA) for its Ripple USD (RLUSD) stablecoin. This move has unlocked access to use within Dubai International Finance Centre (DIFC), fueling trading volume and driving prices up by 4% in the last 24 hours, currently trading at $2.25. The price is breaking out of a descending triangle pattern, flipping its 200-day EMA ($2.07) into support, paving the way for a potential 20% surge to reach $2.6. Trading volume has surged to $2.45 billion, further indicating investor interest and momentum.