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The Dubai Financial Services Authority has approved the use of Ripple’s XRP cryptocurrency within the Dubai International Financial Centre , enabling digital asset companies to incorporate XRP into their services.
Speculations on XRP’s future price vary widely, with some analysts predicting as high as $220 per coin, while others expect more conservative increases to $0.90-$2 by mid-2024; Ripple reaffirms its commitment to XRP, emphasizing its significant potential valuation increase tied to the outcome of the SEC trial.
This news means that digital asset firms like exchanges will be able to integrate the coin into their services.
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