Ripple continues to strengthen its position in the Middle East with a new partnership with Ctrl Alt and the Dubai Land Department. This agreement opens opportunities for storing tokenized real estate deeds on the XRP Ledger.
Ripple and Ctrl Alt Partnership
Ripple and Ctrl Alt have signed an agreement that will allow for the secure storage of tokenized real estate deeds on the XRP Ledger. Ctrl Alt has been licensed by Dubai's Virtual Asset Regulatory Authority and will manage token issuance and on-chain storage infrastructure. Ripple will provide institutional-grade custody support for real estate assets, enabling global investor participation and fractional ownership.
XRP Price Analysis
As of press time, XRP is trading at $2.93, marking a 3.53% increase over the last 24 hours. The market cap stands at $173.37 billion, with over 59 billion XRP in circulation. Analysts note a six-month symmetrical triangle forming, similar to the pattern seen before the 2017 XRP surge. Should this trend continue, XRP is expected to either retest or exceed its previous all-time high.
Regulatory Support for Crypto Markets
With key U.S. legislation on the horizon, market optimism is building. Scheduled votes on several digital asset bills could pave the way for growth in XRP and other cryptocurrencies. Coupled with Ripple’s expansion in the UAE, this regulatory clarity forms a strong backdrop for positive market trends.
Ripple's entry into the UAE real estate sector, coupled with positive shifts in U.S. regulatory policies, creates favorable conditions for the future growth of XRP and the broader crypto market.
