- XRP market shift could drive its price to $4 soon.
- Ripple’s Singapore expansion boosts XRP, paving the way for growth.
- MAS approval sets Ripple up for Southeast Asia dominance.
Ripple has just taken a major step toward boosting XRP’s value with the expansion of its operations in Singapore. The Monetary Authority of Singapore (MAS) has granted Ripple Markets APAC Pte. Ltd. an expanded Major Payment Institution (MPI) license.
This development allows Ripple to offer a wider range of regulated digital payment services, including the use of XRP and its RLUSD stablecoin for cross-border transactions. Ripple has had a presence in Singapore since 2017, and with this new license, it can now more effectively serve banks, fintech companies, and other institutional players in Southeast Asia.
The MAS’s regulatory clarity on digital assets provides Ripple with the support needed to scale its services in the region. According to Ripple President Monica Long, the move is a testament to Singapore’s forward-thinking approach to innovation in the digital asset space, and the company is now in an even better position to invest in the region’s infrastructure for seamless cross-border payments.
Ripple’s Strategic Expansion Sets the Stage for XRP’s Surge to $4
Analysts are highly optimistic about the potential impact of this expansion on XRP’s price. As Southeast Asia experiences a surge in institutional interest in cryptocurrencies, on-chain activity in the region has jumped 70% year-on-year.
Ripple’s expanded regulatory approval gives it a unique advantage in tapping into this growing demand. With Ripple increasing its footprint in the region, many analysts believe XRP’s utility in cross-border payments will continue to grow, driving its price toward the $4 mark by mid-2026.
Also Read: The Truth About XRP: When Banks Will Fully Start Using It
The boost in regulatory certainty and Ripple’s expanding reach in Southeast Asia place the company at the forefront of the region’s digital transformation. Ripple’s increased ability to offer efficient, regulated payment solutions positions it as a key player in the cross-border payments market, with XRP at the center of these innovations.
XRP Price Update: A Look at Recent Market Trends
Ripple’s recent market activity shows some significant developments as it continues to navigate the challenges of the crypto space. The chart below presents XRP’s current performance, highlighting an 8.66% decline. At the time of the snapshot, XRP was trading at approximately $2.13, with significant fluctuations during the past few days.
A closer look at the Bollinger Bands (BB 20 SMA) reveals the current range of price movement, with XRP testing lower levels near $2.25. The Relative Strength Index (RSI) at 37.35 suggests that XRP may be nearing oversold conditions, hinting at a possible reversal or rebound in the coming days.
Source: Tradingview
Despite recent price fluctuations, analysts are confident that XRP’s price will rebound. The growing demand for Ripple’s payment solutions, combined with the MAS license approval, creates the perfect storm for XRP’s rise. With a solid foundation and an expanding market, XRP could be well on its way to reaching its $4 target within the next few years.
Also Read: Analyst: XRP Just Touched the Level We Have Been Expecting, Here’s What’s Next
