- •Ripple partners with Bahrain Fintech Bay to drive RLUSD adoption and digital payment solutions in the Gulf region.
- •Ripple expands its RLUSD stablecoin globally across Africa and Europe under MiCA compliance from Luxembourg.
Ripple has formed a strategic collaboration with Bahrain Fintech Bay to advance its financial technology solutions within the Gulf region. This partnership focuses on promoting digital asset innovation and payment systems, including the RLUSD stablecoin. The initiative will involve conducting joint pilot projects and supporting educational programs to foster development in the sector.
Bahrain’s regulatory environment has positioned it as an early adopter in both blockchain technology and digital asset frameworks. Reece Merrick, Ripple’s Managing Director for Middle East and Africa, pointed to the nation’s progressive regulations as foundational for the collaboration.
He explained the alliance focuses on strengthening Bahrain’s financial infrastructure through strategic implementations. Future plans include integrating Ripple’s digital asset custody capabilities and RLUSD stablecoin into the operations of local financial institutions.
The alliance will function as a conduit linking international innovators with the Bahraini market. She further stressed that the cooperative effort is intended to foster specialized talent and facilitate the adoption of novel financial solutions built on blockchain technology.
Ripple’s expansion into Bahrain follows a pattern of global market development. The company currently maintains more than sixty regulatory licenses and approvals worldwide. Earlier this year, Ripple received an in‑principle approval from Dubai’s Financial Services Authority.
In Dubai, the company is working with Ctrl Alt to utilize the XRP Ledger for managing property title deeds. This project seeks to improve transparency and efficiency in real estate transactions.
Across Africa, Ripple has announced plans to distribute the RLUSD stablecoin through partnerships with payment platforms including Chipper Cash and Yellow Card. For the European market, Ripple is using Luxembourg as a base for launching RLUSD under the European Union’s MiCA regulatory framework.
XRP (Ripple) is trading at $2.80, reflecting a ‑2.12% decline in the past 24 hours and a ‑6.11% drop over the last 7 days, even though it maintains a +430% year‑over‑year gain, underscoring its powerful recovery from 2024 lows.
The cryptocurrency holds a market capitalization of $167.8 billion, with a fully diluted valuation (FDV) of $280.3 billion and a 24‑hour trading volume exceeding $5.14 billion. There are currently 59.87 billion XRP in circulation, out of a maximum supply of 100 billion.
Technically, XRP is consolidating within a $2.78‑$2.92 band, hovering just above key support at $2.75. A breakout above $2.95 would confirm bullish continuation toward $3.12, while failure to hold $2.75 could result in a drop toward $2.60, a major liquidity zone from Q3 2025.
Recent fundamental developments highlight renewed institutional and infrastructural growth within the XRP Ledger (XRPL) ecosystem. Earlier today, Flare Network confirmed it has successfully bridged over $43 million worth of XRP onto its blockchain, expanding the token’s interoperability into cross‑chain ecosystems.
Ripple buying a prime broker is exciting.
You know what could also be cool?A decentralized prime broker on Flare.
Imagine using:
→ Protocol‑managed wallets to custody assets
→ Safe compute powered by TEEs to assess risk and prevent exploitsFlare 2.0 is unlocking limitless… pic.twitter.com/9OYngLmnG0
— Flare
(@FlareNetworks) April 9, 2025
At the same time, CoinShares reported that XRP remains one of only two altcoins (alongside Solana) seeing consistent fund inflows, signaling sustained investor confidence despite broader market risk aversion.
However, market sentiment turned slightly cautious after reports suggested that XRP has lost a critical Q4 support level, potentially indicating short‑term exhaustion after a strong multi‑month rally.
Nevertheless, technical analysts at ETHNews reaffirm that XRP continues to form its “most bullish pattern since 2021,” with medium‑term projections targeting $6.00 if momentum resumes and regulatory clarity advances in the U.S.
On the macro side, XRP’s parent company, Ripple Labs, continues expanding globally. The firm’s RippleNet and XRPL‑based settlement solutions are being integrated into Asia‑Pacific remittance corridors and CBDC pilot programs, reinforcing XRP’s utility in cross‑border payments, tokenized fiat systems, and on‑chain settlement rails.
The Ripple Protocol Consensus Algorithm (RPCA) remains the network’s key differentiator, allowing 1,500 transactions per second with 4‑second finality, far exceeding Bitcoin’s throughput while maintaining negligible transaction costs.
With 70% of the community currently bullish, XRP continues to stand as one of the most institutionally aligned Layer 1 assets, supported by strong network utility and deep liquidity.
Given its current market structure, ecosystem traction, and inflow data, the 7‑day price projection for XRP is $2.95, with an upside potential toward $3.12 if volume returns above $5.5 billion. Downside risk remains capped at $2.65, with structural invalidation only below $2.50.