In recent hours, a controversial news item has circulated on social media stating that Saudi Arabia has allowed American citizens to purchase real estate using XRP, with expectations for the currency's price to reach $25.
🔍 Verify the news
After researching official and reliable sources, no announcement or official statement from the Saudi government or Ripple confirming the validity of this news was found. Most of what is currently circulating comes from accounts on social media and undocumented discussions, making it closer to a rumor than to the truth.
📜 The current legal status in Saudi Arabia
Saudi laws allow foreigners to own real estate under certain conditions, but there is no official indication that cryptocurrencies – including XRP – are accepted as a payment method in this sector. So far, official transactions are limited to local currencies or legally accepted means.
💰 The impact of the news on the price
The current price of XRP ranges between $3 and $3.5.
Some optimistic analyses have set scenarios for the price reaching around $22 in the long term, but we have not found any serious analysis supporting the figure of $25 based solely on this rumor.
It is important to be cautious with unverified news, especially when it leads to inflated price expectations.
📌 Conclusion
1. There is no official announcement from Saudi Arabia or Ripple regarding the purchase of real estate with XRP$.
2. The news relies on speculation and rumors that spread on social media.
3. The expectation of the price reaching $25 based on this unreliable information is not based on a technical or legal foundation.
✍️ Advice for traders: Before making any investment decision based on news, make sure it comes from official sources such as the Saudi Ministry of Housing or verified accounts of Ripple. Dealing with rumors in the crypto market without verification can lead to incorrect investment decisions.