Source: Cointelegraph.com NewsXRP (XRP) price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East.
\nXRP price chart hints at possible 46% gains
\nXRP has been consolidating inside a descending triangle pattern since topping out at its seven-year high of $3.40 on Jan. 16.\u00a0
\nAfter finding support from the triangle\u2019s horizontal line at $2.00, the XRP\/USD pair has left behind a sequence of higher lows over the last four days to its upper trendline, as shown in the chart below.
\nXRP\/USD daily chart. Source: Cointelegraph\/TradingViewXRP\u2018s price is now testing the triangle\u2018s upper trendline at $2.30, raising hopes of a daily candlestick close above this level.
\nIf this happens, XRP could rally toward the $3.00 psychological level, a critical supplier congestion zone that has rejected the price twice in recent times.
\nA move past this level would push the price toward the next major resistance at $3.27 and later to the multi-year high at $3.40, amounting to a rise between 30% and 46%.
\nMeanwhile, popular crypto analyst CrediBull Crypto\u00a0says\u00a0XRP\u2019s drop to sub-$2.00 levels provided a perfect entry for buyers, targeting profits around $3.40.<\/p>\n
Manifest destiny. $XRP https:\/\/t.co\/Pa2pKSbYHq pic.twitter.com\/FyeWfMrw5z\u2014 CrediBULL Crypto (@CredibleCrypto) March 14, 2025<\/p>\n
Ripple secures Dubai license
\nOn March 13, Ripple announced that it had secured approval from the Dubai Financial Services Authority, allowing it to offer regulated crypto payment services in the UAE.<\/p>\n
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\/6oHWtnjODrThis milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing\u2026\u2014 Ripple (@Ripple) March 13, 2025<\/p>\n
This approval, Ripple\u2019s first in the Middle East, will allow the payments company to tap into the UAE\u2019s $40 billion remittance and $400 billion international trade markets.
\nRelated: Price analysis 3\/12: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, LEO, HBAR
\nFollowing the announcement, XRP price gained 6% from a low of $2.21 to a high of $2.34 on March 11, reflecting market optimism.
\n\u201cRipple\u2019s DFSA license in Dubai\u2019s DIFC marks a game-changer, \u201d said popular commentator Vincent van Code in a March 13 post on X, adding that it positions the\u201d company as a leader in regulated crypto payments across the UAE\u2019s $40B cross-border market.\u201d
\n\u201cThis could unlock massive potential for XRP, driving adoption and growth as blockchain transforms global finance.\u201d<\/p>\n
Ripple\u2019s battle with SEC nears an end<\/p>\n
Another potential catalyst for XRP price is the possible end of the SEC\u2019s case against Ripple. Source: Cointelegraph.com NewsXRP (XRP) price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East. XRP price… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125051"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125051"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125051\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125051"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nRipple\u2019s prolonged legal battle with the US Securities and Exchange Commission (SEC) since 2020 over allegations of unregistered XRP sales may be nearing a resolution.
\nThe July 2023 ruling by Judge Torres, deeming XRP not a security for retail sales but fining Ripple $125 million for institutional violations, marked a turning point. Recent reports suggest both parties might drop their appeals, with Ripple negotiating better terms amid a perceived shift in SEC priorities under new leadership.
\n\u201cThe SECGov vs. Ripple case is in the process of wrapping up and could be over soon,\u201d said Fox Business\u2019s Eleanor Terret, citing two unmentioned sources.
\nTerret explained the SEC could be reconsidering its aggressive crypto enforcement, potentially aligning with a more lenient regulatory stance.
\n\u201cThe argument, I\u2019m told, is that the new SEC leadership is wiping the enforcement slate clean for all previously targeted crypto firms because it believes regulatory clarity will resolve the underlying issue.\u201d
\nAs Cointelegraph reported, several cases against several crypto companies were dismissed in recent weeks, including Coinbase, Robinhood and Kraken, by the new SEC administration under acting Chair Mark Uyeda.
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"