XRP has climbed past $2.90, fueled by ETF speculation and Ripple’s groundbreaking real estate tokenization deal in Dubai. These developments highlight XRP’s rising prominence in both financial markets and blockchain innovation.
On July 16, 2025, XRP rose 1.79% to $2.95, with trading volume spiking to 134.08 million tokens, per CoinDesk. The breakout above the $2.93 resistance follows the SEC’s decision to drop its four-year appeal against Ripple, boosting optimism for a spot XRP ETF launch expected by July 18.
Ripple’s partnership with Ctrl Alt to tokenize property titles on the XRP Ledger marks a significant step for blockchain adoption, per CryptoSlate. Supporting the Dubai Land Department’s digitization initiative, Ripple’s custody infrastructure ensures secure storage of fractionalized real estate deeds, a first for a Middle Eastern government using a public blockchain.
“The Dubai Land Department’s Real Estate Tokenization Project reinforces the XRPL’s credentials for serious financial use cases,” said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa. This deal, Ripple’s first UAE custody agreement, builds on its DFSA license and RLUSD stablecoin approval.
Despite the bullish momentum, XRP faces a psychological barrier at $3.00, with four failed breakout attempts at $2.93 on July 15, per CoinDesk. Regulatory uncertainty and institutional selling could limit gains unless ETF-driven inflows provide sustained support.
A clear break above $2.96 with over 100 million tokens in volume could push XRP to $3.05, per technical analysis. Ripple’s regional expansion, including partnerships with Zand Bank and Mamo, positions the XRP Ledger for broader tokenized asset adoption. “Institutions are accumulating, but not yet committing above $2.93,” noted CoinDesk analysts, citing treasury activity supporting the $2.85 floor.
XRP’s rally and Ripple’s innovative applications signal a maturing ecosystem, but overcoming the $3.00 resistance and scaling real-world use cases will shape its future trajectory.
Based on reporting from Decrypt, CoinDesk, and CryptoSlate
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