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The XRP price jumped over 3% in the last 24 hours to trade at $2.27 as of 6:15 a.m. EST.
The uptick comes after Ripple secured a Dubai license to offer crypto payments in the United Arab Emirates (UAE).
Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. https://t.co/6oHWtnjODr
This milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing…
— Ripple (@Ripple) March 13, 2025
XRP Price Attempting A Challenge At Resistance
4-hour chart for XRP/USD (Source: GeckoTerminal)
The XRP price is attempting to overcome the resistance level at $2.2480, according to data from GeckoTerminal. Should the altcoin close a 4-hour candle above this technical barrier within the next 8 hours, it could have the foundation needed to rise to the next major mark at $2.4707 in the short term.
The bullish scenario will be in play as long as the XRP price is not rejected by the $2.2480 resistance level in the next couple of hours. If bears manage to defend this price point, the crypto might end up retracing to the closest support at $2.0748. An extreme bearish case could even see the altcoin revisit a previous low at $1.8934.
Bulls Still Have A Fairly Strong Grip On The XRP Price
From a technical perspective, indicators on the 4-hour chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest buyers might continue to push the XRP price up higher in the coming hours.
The RSI line has gradually risen over the past 24 hours to above the neutral 50 mark. With the current reading, bulls not only seem to have the upper hand, but XRP also has some room to climb before it reaches oversold territory. With the positive slope of the RSI line, it appears bulls are still accumulating strength against their bearish counterparts.
Meanwhile, the MACD line is positioned above the MACD Signal line on the 4-hour chart. Traders will likely interpret this as an indication that XRP is currently in a short-term positive trend.
Together, XRP’s bullish momentum and the rising RSI values suggest the crypto’s price might continue to climb. As such, the altcoin could soon establish a position above the $2.2480 resistance if there is no sudden bearish shift in the market.
As the XRP price attempts to keep climbing, investors are flocking to the presale for a Solana layer-2 project called Solaxy (SOLX).
99Bitcoins, a prominent crypto channel on YouTube with over 725K subscribers, says SOLX has the potential to surge 100X after launch.
Solana About To Get Its Biggest Upgrade Yet
Solana has become the de facto blockchain for meme coin developers due to its high speeds and low fees.
However, the hype around these lighthearted tokens in recent months has led to an influx of new meme coins and subsequent high levels of congestion on Solana.
With the extreme traffic, Solana risks another outage if something does not change soon.
This is where Solaxy, with its native sidechain and proven scaling technology, comes in. The project will ease the computational stress on Solana’s infrastructure by taking over a bulk of its transaction processing workload.
To achieve this, Solaxy will bundle SOL transactions on its own layer-2 network before submitting the batches of transactions to Solana for final validation.
This approach to transaction processing has already been tried and tested within the Ethereum ecosystem through solutions such as Arbitrum and Optimism.
Now, Solaxy is bringing the technology to Solana to increase transaction efficiency and make the popular layer-1 more scalable.
Once Solaxy has stabilized the Solana network, it will try to bridge the blockchain with Ethereum. This move could lead to the creation of a new super Web3 ecosystem that leverages the strengths of two of the most prominent networks in the DeFi space.
SOLX will then be positioned as a primary transaction layer in this new system, giving it unprecedented levels of utility.
Investors Rush To Buy SOLX At Presale Prices
Solaxy’s ongoing presale has gone parabolic, with the project’s total raise smashing past the $26 million mark.
Another draw for investors is the 156% annual return on staked SOLX tokens.
Interested investors can buy SOLX tokens with crypto or bank card for $0.001662 apiece.
Buy before a price hike in a little more than 1 day to lock in the best deal.
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