XRP Price Rises Following Dubai Approval of Ripple’s RLUSD Stablecoin

XRP is seeing a notable price uptick after Ripple’s stablecoin RLUSD received a key regulatory approval from the Dubai Financial Services Authority (DFSA). The endorsement allows RLUSD to be integrated into Dubai’s licensed payment platforms, marking a significant regulatory milestone for Ripple in the Middle East.

In the past 24 hours, XRP has climbed 2.2% to $2.20, rebounding from a recent low of $2.14 and briefly peaking at $2.22. While the gain may seem modest, it breaks a week-long downward trend, where XRP fell 5.1%, and extends a recovery from a steeper 6.6% dip over the past two weeks. XRP still sits 35% below its all-time high, but the bounce reflects renewed optimism among traders.

Trading activity has also picked up. Daily volume rose by 11% to $1.87 billion, pushing XRP’s market cap to $129 billion. Market watchers are attributing this renewed interest to Ripple’s regulatory breakthrough in Dubai.

The DFSA’s approval of RLUSD enables Ripple to integrate its stablecoin directly into the XRP Ledger-powered payment network, which connects businesses across the Dubai International Financial Centre (DIFC)—home to nearly 7,000 companies. RLUSD brings faster settlement times, lower fees, and clearer regulatory pathways, all of which are attractive to institutions navigating digital finance.

Following the approval, RLUSD’s trading volume surged 57.9%, reaching $35 million. The stablecoin, launched in December 2024, is currently available on both the XRP Ledger and Ethereum, with plans underway to extend support to the Cardano ecosystem.

This makes RLUSD one of the few stablecoins to receive approvals from both the DFSA and the New York Department of Financial Services (NYDFS)—a strong signal of regulatory confidence that may influence future stablecoin developments worldwide.