Ripple Secures First UAE Clients After DFSA License, But XRP Price Declines

“Securing
our DFSA license enables Ripple to better serve the demand for solutions to the
inefficiencies of traditional cross-border payments in one of the world’s
largest cross-border payments hubs,” said Reece Merrick, Managing Director
for Middle East and Africa at Ripple.

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Highlights SBI Remit as SWIFT Speculation Builds

Strategic Ripple Partnerships
in a Growing Market

The UAE
partnerships reflect growing regional interest in blockchain-based payment
solutions. According to Ripple’s 2025 New Value Report, 64% of finance leaders
in the Middle East and Africa region view faster payments and settlement times
as the primary motivation for incorporating blockchain technology into
cross-border payment flows.

Zand Bank,
which holds a full banking license in the UAE, will integrate Ripple’s
technology as part of its digital asset services. “Our collaboration with
Ripple highlights our commitment to empowering global payment solutions through
blockchain technology,” s aid Chirag Sampat, Head of Treasury and Markets
at Zand Bank.

Sampat
added that Zand Bank plans to launch an AED-backed stablecoin to enhance
transactions in the digital economy.

Mamo, a
payment service provider, will use Ripple’s technology to support business
growth in the UAE. “Our partnership with Ripple is a big step forward. It
allows us to offer faster, more reliable cross-border payments for both
businesses and consumers,” said Imad Gharazeddine, CEO and co-founder of
Mamo.

XRP News: Global Expansion
and Market Presence

Ripple
Payments now operates in multiple jurisdictions including Dubai, the United
States, Brazil, Mexico, Australia, and Switzerland. The company reports
processing more than $70 billion in volume across 90+ payout markets,
representing more than 90% coverage of daily foreign exchange markets.

The company
holds over 60 regulatory licenses and registrations globally, positioning it to
provide tokenization, storage, exchange, and movement of digital assets for
financial institutions.

Why Is XRP Price Down
Today? Selloff Amid Broader Crypto Volatility

While
Ripple expands its institutional partnerships, its associated cryptocurrency
XRP has experienced price volatility. XRP is currently trading at $2.29, down
nearly 5% over the past 24 hours amid broader cryptocurrency market turbulence.

Dr. Kirill Kretov, market analyst at CoinPanel, offered a broader view on the disconnect between news and price action:

“We are in a period of high uncertainty, where even traditional financial markets have become highly sentiment-driven. In crypto, the situation is even more fragile; liquidity has been largely withdrawn, leaving the market thin and highly susceptible to sharp moves.”

The weekend
saw significant price swings across major cryptocurrencies, with Bitcoin (BTC)
briefly surging past $106,000 before retreating to around $103,000. This
volatility triggered over $670 million in liquidations across crypto
derivatives markets, affecting positions in major cryptocurrencies including
XRP.

The market
turbulence comes amid macroeconomic uncertainty, including Moody’s recent
downgrade of the U.S. credit rating and rising concerns about inflation. U.S.
30-year treasury yields have breached the 5% mark, contributing to market
anxiety.

Kretov argues the Moody’s downgrade served more as a justification than a cause:

“Just last week, markets were bullish and crypto was rallying. But for large players looking to short and shake out weak hands, this downgrade was a convenient excuse to push prices lower.”

How Low (Or High) Can XRP Price
Go? XRP USDT Technical Analysis

My
technical analysis shows that XRP has stalled at local support near $2.29,
a level tested many times since early 2025: first as support in January,
February, and March, then several times as resistance through April and early
May. The zone is again acting as support. If it gives way, XRP could slip back
into the bearish regression channel it has followed for the past five months.

A
drop below that line would reopen the path toward the round $2.00
support and potentially lower, toward the April lows around $1.80. I
also see local support at $1.89, matching the March trough. That
downside scenario activates only if the current floor breaks.

You may
also like: Why
XRP Is Going Up and Price Predictions (May 2025)

Still, the
bulls may have more room to run. To prove it, XRP first has to clear resistance
at $2.47, matching the late-March high, and then $2.65, another
March peak that also served as resistance at the end of 2024. Once XRP pushes
above that cluster of barriers, the door opens to the round $3.00 mark
and this year’s January peak around $3.40. Longer-term forecasts from major
banks and other large financial institutions point even higher—toward $8
and even $12 per token.

Despite
these short-term fluctuations, institutional adoption of blockchain payment
solutions continues to advance, with Ripple’s UAE expansion representing a
notable development in the integration of digital asset technology into
traditional financial systems.

“Anything below a 5% move should be treated as noise. Learn to extract profits from this volatility, because only when the majority of market participants adjust to this environment will the market structure begin to change,” Kretov suggests market participants adapt to the current more volatile reality.

XRP News FAQ

What is the prediction of
XRP in 2025?

Analyst
targets for year-end 2025 span a wide range:

• Baseline forecasts from data
  aggregators such as CoinCodex and Changelly cluster between $1.6 and $2.3,
  implying little net change from today if market momentum fades.
• Mainstream broker and bank
  commentary cited by Barron’s places XRP in a $3–$7 corridor, assuming modest
  institutional adoption and a benign regulatory outcome.
• Technical-heavy outlooks from
  traders on TradingView/Cointelegraph flag $10 as a stretch goal and $15–$20
  as an “optimistic” ceiling, contingent on a decisive break above $2.20 and a
  broad alt-season rally.
• Macro-bull cases collected by Brave
  New Coin envision $9–$24 if ETF approval, settlement
  Settlement
  
  Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2
  
  Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2
  Read this Term-bank partnerships, and a
  sharp drop in Bitcoin dominance all arrive in concert.