The good news for Ripple continues. Last week, the company achieved a major recognition in terms of institutional adoption.
Its new dollar -pegged stablecoin RLUSD , launched in December, has received official approval from the Dubai Financial Services Authority (DFSA) and can now be legally used within the Dubai International Financial Centre (DIFC).
The stablecoin’s approval comes soon after Dubai Land Department launched a $16 billion real estate project on the open-source XRP Ledger blockchain.
And now crypto expert Mr. Aquaman sees new opportunities with the arrival of tokenized real estate on XRP Ledger. According to him, it is possible to use XRP as collateral for loans to buy real estate.
This is all thanks to Prypco Mint , Dubai’s first official tokenized real estate platform. Developed in partnership with real estate fintech Prypco, it uses tokenization infrastructure built by Ctrl Alt.
The platform allows investors to buy ownership shares in properties in the city – all linked to Dubai’s land registry – with a minimum investment of just $540. It is a project that breaks down the old barriers of traditional investments.
According to the project leaders, XRP Ledger is the most suitable blockchain for its reliability and stability in the field of RWA.
What could be the impact on XRP?
Mr. Aquaman says in his video that he would use the decentralized platform to use his XRP as collateral. In exchange, he would get a loan, with an interest rate of less than 1% per year and without a fixed repayment deadline.
The advantage is that you do not have to sell XRP, but you can, for example, borrow $2 million to buy a house.
If Real-World Assets (RWA) on the XRP Ledger become mainstream, demand for XRP could rise sharply and, consequently, its price as well.
XRP Price Analysis
Despite Thursday's decline, XRP has climbed back above $2.20. Selling pressure is increasing today, but buying pressure remains high. The asset could therefore continue to rise during the week.
Ripple could soon test its resistance at the 30-day moving average (yellow) at $2.31, before pushing towards the 200-day moving average (blue) located at $2.35.
If it can clear both of these, it could head towards the range between $2.40 and $2.66.
The relative strength index (RSI) indicates that the asset has been trading mostly sideways in the last period. The indicator can only rise again if buying pressure remains strong.
Until then, it is unclear whether the bears or the bulls will prevail.
Keep an eye on the moving averages just above $2.30, but also the support at $2.20. Longer-term, the outlook remains bullish, given the possibility of a spot XRP ETF being approved.
Investors are not only considering XRP, but also emerging projects like Snorter Token. In addition to being a meme coin, it has developed a trading bot on Telegram that allows you to find the best meme coins.
The native $SNORT token allows holders to benefit from a discount on fees, but also to earn a higher yield from staking.
