Ripple has announced a strategic partnership with the Dubai Land Department and regulated virtual asset service provider Ctrl Alt to tokenize real estate assets on the XRP Ledger. This collaboration aims to enhance Dubai’s blockchain-integrated property market, leveraging Ctrl Alt’s license from Dubai’s Virtual Asset Regulatory Authority to ensure regulatory compliance.
Concurrently, XRP demonstrates notable market momentum, trading at $2.93 with a 3.53% daily increase and market capitalization exceeding $173 billion. Technical analysis reveals XRP’s price forming a breakout pattern reminiscent of its 2017 bull run trajectory, signaling potential upward continuation.
This development coincides with pivotal U.S. regulatory movements, as the House of Representatives prepares to vote on two landmark crypto bills: the Digital Asset Market Clarity Act and the GENIUS Act. These legislative efforts could clarify regulatory frameworks for XRP and broader cryptocurrency markets.
Ripple’s expansion into UAE real estate tokenization, coupled with favorable regulatory shifts, positions XRP for accelerated institutional adoption and further ecosystem growth across global markets.