- XRP forms a bullish flag near $1.63 as technical strength and reduced selling pressure signal a potential breakout toward $4.
- Ripple’s XRPL gains momentum with real estate tokenization in Dubai, marking MENA’s first state-backed blockchain pilot.
- Institutional adoption grows as Ripple secures UAE regulatory support and invests $15M in tokenized finance through XRPL.
XRP shows strong potential for a breakout as technical and fundamental factors align. According to analyst Clifton Fx analysis, On the 2-day timeframe, XRP has formed a bullish flag, signaling a possible move toward $4. This formation comes after a massive rally from $0.50 in September 2024 to highs near $2.90 in December. Since then, XRP entered a descending trend channel.
However, recent consolidation around $1.63 suggests the bearish pressure is fading. At the same time, Ripple is expanding real-world asset (RWA) tokenization through the XRPL, which could fuel renewed investor interest. Additionally, institutional partnerships and regulatory wins in the UAE further support long-term momentum.
Technical Indicators Suggest a Strong Setup
Since September 2024, XRP has followed clear market cycles. Prices surged 500% from $0.50 to nearly $2.90 in December. Trading volume supported this explosive growth. However, January 2025 marked the start of a broad correction. Profit-taking and bearish sentiment drove XRP down toward $1.40 by March. Consequently, XRP formed a descending trend line connecting lower highs.
Source: Clifton Fx
Recent price action shows XRP holding within the flag’s lower bounds near $1.63. This 68% gain from earlier lows highlights growing strength. Moreover, volume has decreased during the pullback phase. That suggests reduced selling pressure and room for bullish continuation. Besides, short-term bounces from oversold conditions confirm strong buying interest at key levels.
XRPL Expansion Boosts Fundamentals
Beyond technicals, Ripple continues to drive XRPL’s utility through real-world use cases. A new real estate tokenization project in Dubai is gaining traction. The Dubai Land Department (DLD) partnered with Prypco Mint and Ctrl Alt to tokenize ownership deeds for state-held properties. This marks the MENA region’s first major step into real estate tokenization.
Additionally, only UAE residents with Emirates cards can join the pilot phase. Yet, institutional interest remains strong. Regulatory support and pilot participation hint at future expansion. Ripple has already invested $15 million into tokenized treasury bills and money market funds. Moreover, its new DFSA license allows onboarding of more institutions into its payment network.
