Will Ripple’s Dubai License Propel XRP to $10?

Ripple announced on Thursday that it has secured a crucial license from the Dubai Financial Services Authority (DFSA) to offer XRP-based crypto payment services in the region.

This milestone strengthens Ripple’s presence in the Middle East, as the Dubai International Financial Centre (DIFC) has now approved the first blockchain startup to provide such services.

Following the news, XRP surged 2.4% to $2.32 within 24 hours, making it the best-performing cryptocurrency in the top five both today and year-to-date. Notably, XRP remains the only major crypto still generating profits.

Despite last week’s sharp crypto market sell-off, Ripple’s trading volumes have remained stable. However, market sentiment remains bearish, with the Fear and Greed Index lingering at 18, signaling “Extreme Fear” among investors.

Can XRP Hit $10? Key Resistance Levels to Watch

Currently, XRP is trading 39.6% below its seven-year high of $3.84. The token nearly reached $3.40 on January 16 but has since struggled to sustain gains.

Macroeconomic factors like the Federal Reserve’s reluctance to cut interest rates and Donald Trump’s trade policies have weighed on the crypto market, limiting upside momentum.

However, XRP has shown resilience, weathering the December crypto crash and emerging as one of the strongest performers of the year.

On Monday, XRP recorded its fourth consecutive day of gains, bouncing off a critical support zone between $1.75 and $1.90. Technical indicators suggest improving momentum.

On the daily chart, a break above $2.65 could signal a trend reversal. If XRP can sustain this breakout, it may push toward $3—and potentially $10—if adoption accelerates.

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