🌏💱 Ripple Secures First UAE Clients After DFSA License, But XRP Price Declines
Ripple has announced Zand Bank and Mamo as its first blockchain payment clients in the UAE following its DFSA regulatory license.
However, XRP price falls to $2.29 amid broader crypto market volatility that saw Bitcoin briefly touch $106,000 before falling back.
🌟 Ripple has secured its first blockchain-enabled payments clients in the United Arab Emirates following its regulatory license from the Dubai Financial Services Authority (DFSA), marking a significant expansion in one of the world's largest cross-border payment hubs.
However, the price of XRP has been highly volatile, sliding nearly 6% during Monday’s session on May 19, 2025. At the moment, a single XRP is trading for under $2.30. Let’s explore why XRP price is down today and what triggered the sell-off.
♾️ While Ripple expands its institutional partnerships, its associated cryptocurrency XRP has experienced price volatility. XRP is currently trading at $2.29, down nearly 5% over the past 24 hours amid broader cryptocurrency market turbulence.
My technical analysis shows that XRP has stalled at local support near $2.29, a level tested many times since early 2025: first as support in January, February, and March, then several times as resistance through April and early May.
The zone is again acting as support. If it gives way, XRP could slip back into the bearish regression channel it has followed for the past five months.
