XRP Surges 9.5% to $3.26, Driven by Dubai Real Estate Tokenization Project & ETF Anticipation

XRP price jumped approximately 9.5% in the past 24 hours, breaking through $3.26 in afternoon trading. The surge was fueled by news of Ripple’s strategic partnership in Dubai and growing expectations for the launch of a ProShares XRP Futures ETF.

According to Brave New Coin, XRP previously climbed to $2.97 after a positive consolidation phase, following significant progress in Dubai’s real-world asset (RWA) tokenization initiative. Meanwhile, CryptoRank reported that XRP futures open interest reached $9.68 billion, the highest level in the past six months—indicating strong capital inflows and heightened investor optimism.

Dubai Property Tokenization as a Bullish Catalyst

Ripple has partnered with Ctrl Alt, a tokenization platform licensed by VARA, to develop custody infrastructure for tokenized property certificates from the Dubai Land Department (DLD) on the XRP Ledger. This project is touted as the first government-backed tokenization initiative in the Middle East on a public blockchain, enabling fractional ownership and streamlining real estate transactions with greater transparency. Properties worth $325 million will be tokenized, positioning Dubai as a pioneer in blockchain adoption for the global real estate sector.

Technical Analysis: XRP Nearing All-Time High

Data from FXStreet shows XRP trading in the $3.25–$3.29 range—just 5% below its all-time high (ATH) of $3.40. Technical indicators, including Fibonacci retracement levels and a golden cross (50/100-day moving averages), reinforce a bullish outlook with strong potential to set a new price record.

The recent price rally is driven by a combination of fundamental factors—Ripple’s Dubai partnership for asset tokenization—and positive sentiment surrounding the anticipated XRP Futures ETF. With strong technical indicators and record-breaking futures open interest, analysts see a significant opportunity for XRP to reach a new ATH in the near term.