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A meager ascent! XRP, that perpetually hopeful digital trinket, dared to nudge above the $2.35 mark on this Tuesday, May 20. A whole one percent gained! One might think the heavens themselves were rejoicing, but I suspect the cockroaches in my communal kitchen celebrated with more fervor.
On-chain data – those digital entrails the soothsayers of the internet pore over – reveals a surge in, shall we say, *positive* social media pronouncements regarding XRP. A three-month peak! One can only imagine the ecstatic keyboard warriors, foaming at the mouth with visions of Lamborghinis and early retirement. All thanks to Ripple‘s dalliance with a Dubai bank. A partnership, they call it. A marriage of convenience, more like.
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Is this, they ask, a precursor to a major breakout? Is this the moment when XRP finally sheds its earthly shackles and ascends to the crypto-Olympus? One doubts it. But hope, like a persistent weed, springs eternal in the hearts of the deluded. 🤪
Ripple (XRP), that name synonymous with both innovation and existential dread, experienced a “renewed market enthusiasm.” Renewed, you say? As if it ever truly possessed any in the first place! Price, like a weary traveler, stumbled above $2.35, prodded along by “fresh institutional traction” in the UAE. Traction, mind you, not actual movement. Like a sled stuck in the Siberian mud.
On Monday, May 19, 2025 (a date that will surely live in infamy… or be forgotten by next Tuesday), Ripple deigned to announce partnerships with Zand Bank and Mamo. New clients, they proclaim! New lambs to the slaughter, I suspect. All located, conveniently, in the United Arab Emirates. Because where else would one find such eager participants in the blockchain revolution?
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This, of course, follows Ripple’s acquisition of licensing from the Dubai Financial Services Authority (DFSA). A move enabling it to “operate legally” across Dubai’s financial ecosystem. Legally! As if legality ever stopped anyone from engaging in questionable financial practices. 😂
The stated aim of these collaborations is to “leverage RippleNet’s blockchain-powered infrastructure for cost-effective, real-time cross-border payments in the region.” Buzzwords! Empty promises! Cost-effective for whom? Real-time for whom? Cross-border for whom? One suspects the answers are far more cynical than the marketing drivel suggests.
By partnering with established financial… Read More at Coingape.com. Because, of course, one must always seek out the “established” institutions. The ones that have been bleeding the common man dry for centuries. 🙄
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One can only hope that the naive investors, lured in by the siren song of “Dubai partnerships” and “blockchain revolution,” have sufficient reserves to weather the inevitable storm. For in the world of cryptocurrency, as in life, only two things are certain: death and taxes… and the eventual disappointment of XRP holders. 💀
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2025-05-20 19:50