1. Ripple & Dubai Real Estate Partnership
Ripple has partnered with UAE-based Ctrl Alt in a government-led initiative by Dubai’s Land Department (DLD) to tokenize $325 million worth of property deeds on the XRP Ledger, leveraging its institutional custody infrastructure.
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Platform buildout: Ctrl Alt, the first VASP licensed by Dubai’s VARA, will issue and manage fractionalized title tokens, with Ripple securing custody on XRPL.
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Strategic significance: This marks the first government land registry on a public blockchain in the Middle East—showcasing XRPL’s low-cost, fast settlement design—and positions Dubai as a global tokenization leader.
2. XRP Market Momentum & Open Interest Spike
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XRP recently climbed to a six-month high near $3, fueled by a +50% surge in futures open interest through July, pushing it close to January’s $8 billion record.
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Daily trading volume also spiked ~200% to $35 billion on July 12, sustaining elevated levels across major venues—Upbit once again led the charge.
3. Technical Analysis Snapshot
📊 Price Action & Chart Patterns
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XRP is holding above key support at the 100‑hour SMA (~$2.81) and within the Ichimoku cloud, signaling a potential end to the short-term correction.
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Momentum indicators suggest an imminent breakout:
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Hourly RSI dropped below 30 (oversold), bullish at support.
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A convergence of 50‑day & 150‑day SMAs (daily) signals potential uptrend resumption toward $4.50.
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🔥 Futures Market Signals
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Record futures open interest (~2.74 billion XRP) and elevated funding rates (~15%) highlight strong leveraged bullish sentiment.
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While past conditions tipped bearish corrections, current price structure retains support—caution is warranted near $3, but momentum favors upside.
4. Outlook & Key Levels
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Upside targets: Breaks above $3 could unlock a run toward $3.40 (yearly high) and potentially $4.50, fueled by SMA crossover and ETF/institutional inflows .
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Downside risk: Failure at $3–$3.05 may see retracement toward $2.81 or $2.60–2.65, where Ichimoku and multi-timeframe SMAs align.
