Following DFSA approval in March, Ripple is preparing to enhance cross-border payments along a $400 billion route in the UAE, leveraging its strong customer base in the Middle East.
The company views its high-level engagements as pivotal for expanding its influence in the region’s rapidly growing digital economy.
Monica Long, President of Ripple, met with significant government and tech officials during the Dubai Fintech Summit to better align the company’s goals with the Emirati government’s digital finance ambitions.
Ripple President Meets UAE Authorities
As part of her visit, Long convened with His Highness Sheikh Ahmed bin Saeed Al Maktoum, who is important in shaping the Emirates’ economy. It formed part of a wider discussion between Ripple, Kotak Mahindra Bank, and Bolt, designed to promote innovation and teamwork in the fintech industry. Representing 9,000 delegates at the conference were CEOs, investors, regulators, and digital finance innovators from more than 120 different countries.
The sessions fell in line with Dubai’s D33 plan to raise its ranking to one of the top four global financial centers by 2033. At the heart of this plan is a goal to reach AED 100 billion in annual digital economy sales. DIFC’s participation ensured that the summit pushed forward its reputation as a link between financial companies around the world. Moreover, it’s important to note that the UAE just made a 10-year $1.4 trillion investment deal with the U.S., making it a leader in global economic advancement.
Meanwhile, after the March approval by the DFSA, Ripple is readying itself to make cross-border payments in the UAE easier by using its technology on a $400 billion route. The majority of Ripple’s customers outside North America are from the Middle East. Furthermore, the company pointed out in its official statement that the latest interaction at the highest level is very critical for expansion.
Our President Monica Long had the honor of meeting with His Highness Ahmed bin Saeed at Dubai Fintech Summit. We continue to be impressed with the leadership demonstrated by Dubai as it establishes itself as one of the world’s leading hubs for digital assets,
Ripple posted on X (formerly Twitter) on May 14, 2025. Moreover, Brad Garlinghouse, Chief Executive Officer (CEO) of Ripple, had previously described XRPL as “the region’s top blockchain tech.”
Our President @MonicaLongSF had the honor of meeting with His Highness Ahmed bin Saeed at @DubaiFintechSum. We continue to be impressed with the leadership demonstrated by Dubai as it establishes itself as one of the world’s leading hubs for digital assets.
— Ripple (@Ripple) May 14, 2025
Popular Analysts Offer Bold XRP Price Targets
Along with these advances, analysts are paying close attention to how XRP is doing on the market. In the current cycle, crypto trader Mikybull Crypto thinks XRP prices could rise to between $4 and $6, as highlighted in the previous story. When people asked him if the token might reach double-digits, he replied with “anything is possible.”
CrediBULL Crypto also recommended XRP could make a strong recovery and might close the year priced as high as $28. Echoing his view, Egrag Crypto predicts that prices will range between $27 and $33. Analyst Dark Defender believes XRP is moving along a “3rd wave” and could reach $6, and that it would continue to break new record levels.
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