Saad Ullah
Ripple's XRP has achieved a significant milestone by securing Sharia compliance certification, which could reshape its position in the global financial landscape. This development unlocks access to Islamic finance markets spanning the Middle East, North Africa, and Southeast Asia—regions where faith-based banking plays a dominant role. Meanwhile, the cryptocurrency's price action reveals important technical levels that traders and investors are monitoring.
What This Means for XRP's Market Reach
Receiving Sharia compliance allows XRP to be incorporated into Islamic banking systems without violating religious principles. This opens substantial opportunities in Muslim-majority economies where demand for compliant financial products continues to grow. Industry observer RippleXity highlighted how this recognition strengthens Ripple's position in cross-border payments and creates alignment with Islamic financial institutions. With the global Islamic finance sector expected to surpass $3.5 trillion by 2026, XRP stands to benefit from increased adoption by banks, investment funds, and individual investors across these regions.
Current Price Action and Technical Picture
XRP recently experienced a sharp decline but now shows signs of finding its footing. Trading around $2.40, the cryptocurrency dropped significantly from its earlier range between $2.80 and $3.00. The selloff found strong buying interest near $2.20, which appears to be holding as a support level. On the upside, any recovery attempt faces resistance around $2.60. Trading volume spiked during the decline, suggesting possible capitulation and accumulation by longer-term holders. The price has since moved sideways between $2.20 and $2.60, a pattern that often precedes a larger directional move.
Why Investors Should Pay Attention
The combination of regulatory progress and price stabilization creates an interesting setup for XRP. Islamic banks and funds can now include the cryptocurrency in their compliant investment portfolios. Additionally, MENA and Southeast Asia represent some of the world's busiest remittance corridors, which could drive increased transaction volumes through Ripple's network. From a technical standpoint, the support at $2.20 provides a floor for bullish positions, while a breakout above $2.60 might trigger momentum toward $2.80 or higher.
Saad Ullah
