XRP News Today: XRP Drops 1.55% Amid Market Uncertainty, UAE Real Estate Tokenization Boosts XRPL

XRP is currently holding at $2.31 as Memorial Day approaches, with a slight decline of 1.55% in the last 24 hours. This price stagnation is attributed to broader market uncertainty, but there is potential for a post-holiday bounce, especially with Ripple’s recent foray into real estate tokenization in the UAE.

Ripple’s XRP Ledger (XRPL) has been selected by the Dubai Land Department (DLD) for its real estate tokenization project. According to DLD’s senior executive Mahmoud AlBurai, over 3,000 investors have registered interest in the pilot, indicating strong demand for tokenized property ownership. Currently, participation is limited to Emirates cardholders who are official UAE residents.

Key points of the project include partnerships with Prypco Mint and Ctrl Alt to tokenize ownership deeds for government properties, Ripple’s $10M investment in tokenized US Treasury bills on XRPL via OpenEden, and a $5M stake in a tokenized money market fund by UK-based Abrdn last year. This real-world asset (RWA) initiative is the first of its kind in the MENA region and strengthens XRPL’s case for institutional adoption. Ripple’s payments service is already onboarding institutions, licensed by the Dubai Financial Services Authority (DFSA).

XRP price prediction seems bearish for now as on the 2-hour chart, Ripple is in a descending triangle, a pattern that often precedes breakouts. It’s hovering around horizontal support at $2.2856, with recent candlesticks (spinning tops and doji) indicating market indecision. The 50-period EMA ($2.3600) and horizontal resistance at $2.3557 cap the upside. The MACD histogram is flattening, indicating that bearish momentum is slowing. Targets for a break above $2.3600 could be $2.4098 and $2.4756. Failure to hold $2.2856 could lead to further declines to $2.2440 or $2.1970. New traders should wait for a confirmed breakout above trendline resistance and EMA to be reclaimed before going long, with stops below $2.2440.

With volume thinning out during holidays like Memorial Day, institutional activity tends to slow down—sometimes creating a perfect storm for a squeeze. If XRP holds $2.31, a light market could be a quick bounce to $2.75. However, with the SEC’s XRP stance still unclear and broader market uncertainty, volatility is expected.