Date: Thu, March 13, 2025 | 08:14 AM GMT
The cryptocurrency market is making an attempt to recover from the recent sharp sell-off earlier this week, as Bitcoin (BTC) has bounced back and is now trading above $83K, up from its 24-hour low of $80K.
Following this, XRP’s price has also turned green, fueled by a major business development that sparked fresh optimism among investors.
Source: Coinmarketcap
Ripple Gets Regulatory Boost in Dubai
Today on March 13, 2025, Ripple reached a significant milestone by securing a full regulatory license from the Dubai Financial Services Authority (DFSA). This approval officially allows Ripple to offer regulated crypto payment services in the Dubai International Financial Centre (DIFC)—a key financial hub in the Middle East with its own independent regulatory framework.
Source: @Ripple (X)
With this move, Ripple becomes the first blockchain-powered payments provider to be licensed by the DFSA, solidifying its position in the region’s growing digital economy. The UAE’s crypto-friendly environment is attracting major players, and Ripple’s latest win positions it perfectly to tap into increasing demand for faster, cheaper, and more transparent cross-border payments.
Will XRP Overcome Key MA Barriers?
While the regulatory news is a strong fundamental catalyst, XRP’s technical setup is currently at a crucial juncture.
XRP Daily Chart/Coinsprobe (Source: Tradingview)
As seen on the daily chart, XRP is trading within an ascending channel, but it’s also forming a potential head and shoulders pattern, which could pose a bearish threat. The price is currently struggling to break through the 100-day Moving Average (around $2.52)—a key resistance level.
A successful breakout above this level could invalidate the head and shoulders formation and trigger a move toward the channel’s upper boundary, offering more upside potential for XRP bulls.
On the flip side, if XRP fails to hold above the current support zone (highlighted in grey), it could confirm the head and shoulders breakdown. In that case, the next major support lies near the 200-day Moving Average around $1.62, which could act as a safety net for the price.
Final Thoughts
Ripple’s regulatory green light in Dubai is a major confidence booster—but for traders, all eyes are now on XRP’s next move around the key moving average levels. A bullish breakout could open the door to fresh highs, but failure to hold support may lead to deeper corrections.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
