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The XRP price pumped 10% in the past week, reaching the height of $0.6217 on November 2, as reports of XRP’s breakthrough in Dubai emerged. Since then, the price has seen a slight correction, which brought it to $0.59 as of 1 AM ET, only for it to go back up to $0.605 as of the time of writing.
XRP has seen strong growth through most of the last seven days, starting on October 29. Before that, the coin’s price traded sideways, just under the resistance of $0.55. But, on October 29, the price managed to breach the opposition and climb up to the one at $0.56.
In only 24 hours, XRP broke this resistance as well, climbing up to $0.58. This level was more challenging to break, but the coin eventually pushed its way further up, reaching $0.61 on October 31. After getting this height, the price corrected and found the level at $0.60 to be its most significant barrier.
This level managed to hold the price from progressing until November 2, when XRP managed to surge up to $0.62, but only briefly. The price corrected again after this surge, dropping under $0.60. At the time of writing, XRP sits at $0.605, once again attempting to push past this crucial level.
XRP Sees A breakthrough In Dubai
Ripple, the San Francisco-based company that created the XRP coin, recently revealed that the Dubai Financial Services Authority (DFSA) had granted the green light for deployment in the Dubai International Financial Center (DOFC).
This means that any licensed virtual asset company in the DIFC now has permission to integrate XRP into their range of virtual asset services. With this endorsement, XRP will now be able to join other leading cryptos, such as BTC, ETH, and LTC, which the DFSA approved in the past.
The endorsement also provides XRP with legal and regulatory transparency, and it will also pave the way for institutions in the DIFC to facilitate faster and more streamlined global value exchanges.
Ripple’s CEO, Brad Garlinghouse said Ripple’s strategy is to focus on regions offering clear crypto regulations.
For now, Ripple appears to be focusing primarily on the Middle East and North Africa, where it managed to team up with multiple leading banks, including the National Bank of Abu Dhabi.
Meme Kombat Presale Is The hottest Opportunity In The Market Right Now
Despite Ripple’s massive success, both in terms of price and entry into the DIFC, the spotlight was still stolen by a meme coin presale that emerged recently.
A project called Meme Kombat (MK) caught the eye of numerous buyers, as it offers an innovative platform tailored specifically for gaming enthusiasts.
The platform allows them to engage in active betting and passive staking, and it rewards all users. The presale has been a roaring success more than $1 million raised.
WE DID IT FIGHTERS!
We reached $1 MILLION in our presale raise🔥⚔️ pic.twitter.com/SvCu1zoj36
— Meme Kombat (@Meme_Kombat) November 1, 2023
At the time of writing, the total amount raised is $1.14 million, which is still on a sharp rise.
The token’s price is $0.183, but in 6 days it will see a price increase. So purchasing it now means getting in at a lower price. Those interested can obtain it in exchange for ETH, BNB, or USDT.
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