XRP Trades At $2.35 As Ripple Expands Globally, Tangible Real World Use Cases For XRP

Ripple (CRYPTO: XRP) is trading at $2.35, gaining 1.95% within the last 24 hours, and more than 14.23% last month. The rise comes amid new cross-border payment partnerships in Singapore and the United Arab Emirates, as Ripple is expanding its global adoption.

Through a collaboration with Zand Bank and fintech startup Mamo, Ripple has announced a major project in the United Arab Emirates. Ripple will bring global crypto payments to the UAE. The organizations are implementing Ripple Payments, a platform specifically designed for quick, transparent, and low-cost transactions with XRP.

Don't Miss:

• Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies.
• New to trading crypto? Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade on Coinbase.

The expansion became possible after Ripple’s recent regulatory approval from the Dubai Financial Services Authority (DFSA). XRP will be at the center of one of the world’s most active payment corridors. The timing of this partnership is very strategic as the UAE is embracing digital finance and has announced that it will issue its own central bank digital currency, the digital dirham.

In Southeast Asia, Ripple has joined forces with StraitsX, a Singapore-regulated digital payments firm. Ripple will introduce XSGD, the Singapore dollar-backed stablecoin, on its platform.

StraitsX’s XSGD is already licensed by the Monetary Authority of Singapore and backed 1:1 by reserves with DBS Group Holdings Ltd and Standard Chartered PLC, adding credibility and utility for enterprise-grade financial flows.

XRP’s legal battle with the U.S. Securities and Exchange Commission (SEC) might be coming to an end. While the XRP community hoped that legal clarity would lead to a price explosion, the sentiment has cooled down recently. Until Ripple’s real-world use cases, such as the UAE and Singapore partnership, lead to sustained demand, legal victories alone will not have much impact.

Even with a rally last month, XRP lost  5.69% over the week, indicating investor nervousness as the SEC lawsuit closes in. According to CoinDesk, there will be a short-term boost for XRP after it regains U.S. exchange listings after the lawsuit’s conclusion. 

XRP’s chart displays a bullish pattern forming, hinting a future upward movement if the market confidence continues to build. A breakout above the resistance levels might offer the entry point for a broader rally, especially if trading volumes improve along with Ripple’s real-world adoption.

Ripple’s latest developments in Singapore and the UAE signal a shift towards real-world relevance. As XRP keeps improving its institutional payments and stablecoin infrastructure, the token can soon reach a new growth phase.

More Opportunities:

• Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account.
• Trade, earn, and grow your crypto portfolio with Crypto.com — plus receive up to $500 worth of rewards in the most popular tokens if you're a new customer.

Image: Shutterstock