**Ripple Enters Dubai’s Tokenized Real Estate Boom 🏙️🔗🏡**
XRP is gaining serious momentum, edging close to its all-time high of **\$3.40** as altcoins turn bullish across the board.
Ripple, in partnership with **Ctrl Alt**, is spearheading the Dubai Land Department’s first real estate tokenization initiative. With over **1,300 smart contracts** and **160 tokens** already live, Ripple’s **XRPL EVM Sidechain** is seeing accelerated adoption.
After bouncing from **\$2.80** support on Tuesday, **XRP surged to around \$3.24** by Thursday, briefly touching **\$3.29** before facing minor resistance. The technical structure still favors the bulls, hinting that a **new price discovery phase** could soon begin.
Ripple’s collaboration with Ctrl Alt aims to deliver a scalable, secure blockchain infrastructure for digitizing property titles in Dubai. This move marks a significant step in **expanding XRPL’s custody and tokenization utility across global markets**, including EMEA, Asia-Pacific, and Latin America.
Reece Merrick, Ripple's Managing Director for the Middle East and Africa, said:
> "The DLD choosing XRPL underscores its credibility for real-world financial use cases. We're excited Ctrl Alt selected our institutional-grade custody solution to support this transformative initiative."
### 📈 **Technical Outlook**
XRP is showing strong bullish signals. A confirmed breakout above **\$3.40** could set off a new rally, while a rejection might trigger a potential pullback to the **\$2.80** support zone — a **13% dip**.
Either way, the stage is set for big moves as Ripple cements its role in real estate tokenization.
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