What is XRP At Today? Dubai’s Real Estate Tokenization Platform Launches on the XRP Ledger

What is XRP at today? Well, Dubai is turning real estate into code. Backed by a $16 billion plan built on the XRP Ledger, the city’s new property tokenization platform will let investors buy slivers of buildings like they buy crypto.

XRP is still standing after all the lawsuits and clown takes. Boomers love it, banks tolerate it, and it won’t die.

That’s something. The goal is to shift property ownership from paperwork to blockchain, with $16 billion in assets set to be tokenized by 2033.

What is XRP At Today? Fractional Property Ownership Made Simple

The platform, dubbed Prypco Mint, lets UAE citizens buy fractional stakes in Dubai real estate using local currency. Built by fintech firm Prypco and blockchain provider Ctrl Alt, it’s plugged directly into the Dubai Land Department’s infrastructure.

With a minimum buy-in of just 2,000 dirhams (about $540), the platform lowers the bar for property investing. It plans to open access to foreign investors and other currencies in the future.

https://twitter.com/AbsGMCrypto/status/1927073692254703928?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow

Dubai Land Department officials have already integrated tokenization into the city’s real estate registry, ensuring transparency and efficiency.

Updated property title deeds are recorded on the blockchain in real time, simplifying property transfers and reducing transaction costs.

Technical Analysis of XRP Price Ahead of May Close

The decision to build on the XRP Ledger reflects Dubai’s push for speed, sustainability, and institutional credibility.

With 1,500 transactions per second and a low-energy consensus mechanism, XRPL outpaces legacy chains and aligns with green targets. Add Ripple’s banking relationships, and it becomes a natural fit for regulated real estate tokenization.

XRP is currently trading at $2.30, holding just above a key support level at $2.27. XRP has been on a two-week downtrend, but signs of long-term holder accumulation suggest a potential bounce-back.

• Support Levels: If Ripple maintains its $2.27 support level, it could avoid further declines. A recovery might see it bounce to $2.38 and potentially $2.56 if bullish momentum grows.
• Resistance Levels: Failure to hold at $2.27 might send XRP tumbling toward $2.12, extending the current bearish trend.

One promising indicator is the Network Value to Transactions (NVT) Ratio, which has spiked recently. While this usually signals overvaluation, XRP has shown resilience in past cycles, often bouncing back after such spikes.

A Game Changer for Dubai and XRP

Dubai’s integration of XRPL into its property market is a working model of what blockchain at scale looks like.

People sleep on XRP because it’s not a moonshot coin. But it’s the bridge for cross-border payments, and that’s something BTC can’t do at scale.

We’re not saying it will flip BTC, but they’re both going to have their place in the long run.

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post What is XRP At Today? Dubai’s Real Estate Tokenization Platform Launches on the XRP Ledger appeared first on 99Bitcoins.

Source link