The price of XRP is from the classic chart pattern in the near future after Ripple acquires the first license in the Middle East.
The XRP price chart hints of 46%as possible.
XRP (XRP) has integrated the inside of the triangle pattern after the seven -year high of $ 3.40 for seven years on January 16.
After finding a $ 2.00 support on Triangle’s horizon, the XRP/USD pair has left a high lowest level for the top trend line over the last four days, as shown in the chart below.
XRP/USD Maeil Daily Chart. Source: COINTELEGRAPH/TradingView
The price of the XRP is now tested by testing Triangle’s top trend line to $ 2.30, so that the candlesticks of this level will be closer.
If this happens, XRP can meet at $ 3.00 psychological level, an important supplier of the recent rejection of the price.
Beyond this level, the next major resistance of $ 3.27 has improved the price to $ 3.40 to $ 3.40, up between 30% and 46%.
Meanwhile, Credibull Crypto, an encryption analyst, provided a perfect position to buyers who fell to the lower $ 2.00 of XRP and aimed for a $ 3.40 profit.
Indicates fate. $ XRP https://t.co/pa2pksbyhq pic.twitter.com/fyeewfmrw5z
-Credibull Crypto (@credibleCrypto) March 14, 2025
Ripple secures Dubai License
On March 13, RIPPLE announced that it would be able to provide the UAE -regulated encryption payment service by securing approval of Dubai Financial Services Authority.
RIPPLE has secured regulatory approval by Dubai Financial Services Authority (DFSA) and became the first blockchain payment provider that was licensed in DIFC. https://t.co/6ohwtnjodr
This milestone unlocks the entry into encryption between the borders completely regulated in the UAE …
-Ripple (@ripple) March 13, 2025
This approval of this approval of RIPPLE’s first approval of the Middle East will allow the payment company to use the UAE’s $ 40 billion remittances and the $ 400 billion international trade market.
relevant: Price Analysis 3/12: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, LEO, HBAR
After the announcement, the price of XRP rose 6% from $ 2.21 to $ 2.34 on March 11, reflecting market optimism.
On the March 13th post of X, Vincent Van Code, a commentator, said, “The DFSA license of Ripple in Dubai Difc represents a game change.
“This can lead to the massive potential of XRP as the blockchain changes global finance, leading to adoption and growth.”
The battle with Ripple with the SEC is over
Another potential catalyst for XRP prices is the end of the SEC case for Ripple.
After 2020, the legal battle of RIPPLE with the US Securities and Exchange Commission (SEC) for unregistered XRP sales may be close to resolution.
In July 2023, the judge’s ruling, which cost $ 125 million in institutional violations, was not a security for retail sales in July 2023. According to a recent report, both parties can withdraw their appeals while negotiating better conditions in the state of the SEC priority under the new leadership.
“The Secgov vs. ripple case is in the process of finishing and can end soon.”
Teret explained that the SEC can reconsider aggressive encryption and can match more generous regulatory attitude.
“I argue that the new SEC leadership believes that regulatory clarity will solve the fundamental problem, so I clean up the execution slats of all the previous cryptocurrency companies.”
As reported by COINTELEGRAPH, some examples of Crypto companies, including Coinbase, Robinhood and Krake, were disbanded by the chairman of Mark Uyeda by the new SEC administration.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.