Ripple Fuels Dubai’s Real Estate Tokenization Boom 🏙️🔗🏡
XRP is closing in on its previous all-time high of $3.40 as altcoins surge across the market. Ripple has joined forces with Ctrl Alt to back the Dubai Land Department’s first-ever tokenized real estate project.
With over 1,300 smart contracts and 160 tokens already live, Ripple’s XRPL EVM Sidechain is gaining significant traction.
Following a strong rebound from the $2.80 support level on Tuesday, XRP traded around $3.24 by Thursday, continuing its upward trend. Technical indicators remain bullish, hinting at a potential breakout into price discovery mode.
Ripple & Ctrl Alt Power Dubai’s Real Estate Transformation
Ripple is partnering with Ctrl Alt, a top-tier tokenization platform, to deliver blockchain infrastructure for tokenizing real estate title deeds in Dubai. This initiative marks a major step forward for property-backed digital assets.
Ripple is also scaling its XRP Ledger (XRPL) custody services throughout Europe, the Middle East, Africa, APAC, and Latin America.
Reece Merrick, Ripple’s Managing Director for the MENA region, emphasized that the Dubai Land Department’s decision to adopt XRPL reinforces Ripple’s reputation as a trusted solution for institutional-grade financial systems. He also commended Ctrl Alt’s decision to leverage Ripple’s custody services.
XRPL EVM Sidechain Gains Momentum Across Middle Eastern Real Estate
RippleX has reported impressive adoption metrics: over 1,300 smart contracts deployed, 17,000 new wallets created, and 160 tokens launched on its EVM-compatible sidechain.
Technical View: Bulls Target New All-Time High
XRP is displaying strong bullish momentum as it aims to break through the $3.40 barrier set in January. A successful breakout could lead to new highs, while failure to hold could result in a retracement back toward the $2.80 support — a potential 13% drop.
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