Xrp Climbs 3% After Ripple's Stablecoin Approval in Dubai

XRP increased by 3% following regulatory approval for Ripple's RLUSD stablecoin in Dubai. This surge defied market volatility amid geopolitical tensions. The token rose from $2.157 to $2.222, driven by technical momentum and high on-chain activity, with over 500 million tokens transacted in one day, according to CoinDesk's AI-driven analysis. XRP's price action shows a clear uptrend with higher lows and highs. It broke through resistance at $2.190 with volume spikes exceeding 55 million. Support formed around $2.192-$2.195, with a 1.58% surge from $2.194 to $2.199 accompanied by a volume spike at 08:01 exceeding 5 million tokens. The technical outlook remains bullish, suggesting XRP could reach $2.225. Its utility for cross-border payments and rising transaction volume highlight its role in global finance.