Will the XRP Ledger (XRPL), Fueled by Dubai Real Estate Tokenization, Surge Past $1.45?

▲ Dubai, XRP ©

Despite the broader downturn in the cryptocurrency market, the XRP Ledger (XRPL) is accelerating the expansion of its independent ecosystem, achieving explosive growth driven by Dubai’s large-scale real estate tokenization project and its dominance in the real-world asset (RWA) tokenization market.

According to investment media outlet FXLeaders on Feb. 24 (local time), daily transactions on the XRP Ledger surged 40% to surpass 2.5 million, demonstrating strong utility growth decoupled from overall crypto market volatility. At the center of this dramatic surge in activity is a $5 million luxury real estate tokenization project led by the Dubai Land Department. Through this initiative, the Dubai government issued 7.8 million tokens representing luxury villas and commercial spaces, enabling global investors to trade them. The project also achieved an innovation by reducing cross-border real estate settlement times—previously taking weeks under traditional escrow systems—to an average of under five seconds.

Even more noteworthy is XRPL’s overwhelming dominance in the real-world asset tokenization market. While Ethereum (ETH) holds 22% market share and Solana (SOL) accounts for 8%, XRPL ranks first in the most critical category—tokenized U.S. Treasuries—with a commanding 63% share. Although retail trading volume remains relatively modest, its massive settlement scale and recognized institutional-grade stability have positioned XRPL as a top choice for traditional financial institutions.

The qualitative growth of the ecosystem is further reflected in the explosive rise in active accounts. The XRPL network has reached a new milestone of 7.64 million active accounts, with most new registrations coming not from retail investors but from institutional participants testing micropayment tools and the upcoming MAVAN staking system. The chief developer noted that the decoupling between network performance and token volatility has reached its highest level in years, indicating the realization of utility-driven growth that does not rely solely on speculative pumping.

Despite the sharp growth in fundamentals, immediate price action remains delicately poised between neutral and bearish pressure. XRP is currently trapped in a symmetrical triangle pattern between a descending resistance line from $1.65 and ascending support at $1.32, trading below the 50-period moving average of $1.44. A four-hour close below $1.30 could trigger a sell signal, potentially sending prices down to between $1.21 and $1.16. Conversely, a breakout above $1.45 may signal a bullish reversal, targeting $1.52 and potentially a retest of $1.64.

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