Ripple (XRP) Price Jumps on Dubai Partnership With Zand Bank, Mamo

Ripple (XRP) saw renewed market enthusiasm as price rebounded above $2.35, fueled by fresh institutional traction in the UAE.

Cryptocurrency prices remained relatively flat during the daily trading session on Tuesday, May 20. Among the notable movers, XRP saw a 1% uptick, pushing it above the $2.35 mark.

On-chain data from Santiment reveals that positive social media comments concerning XRP experienced a surge and reached their highest point in three months. This surge coincided with the announcement of a new partnership by Ripple in Dubai.

The latest batch of partnerships will see Ripple integrate its blockchain technology with Zand Bank and Mamo in the United Arab Emirates.

The partnerships were announced on Monday, May 19, and they highlight the rapid expansion of Ripple’s institutional footprint in the Middle East.

This follows closely the securing of a Distributed Financial Services Authority (DFSA) license by Ripple, paving the way for its legal operation within Dubai’s financial ecosystem.

The collaborations aim to facilitate cost-effective and real-time cross-border payments in the region using RippleNet’s infrastructure.

By partnering with established financial institutions like Zand and fintech platforms like Mamo, Ripple’s expanding reach in the Middle-East increases demand for XRP use in global payment rails.

However, despite the relative stability of Bitcoin price today above key support, tokens like Cardano and Dogecoin faced pressure to defend key support levels at $0.7 and $0.2 respectively.

XRP Positive Mentions Hit 3-Month Peak

A new metric from on-chain analytics firm Santiment highlights a sharp rise in social media engagement for XRP, as measured by their Weighted Social Sentiment indicator.

This indicator assesses the tone of online conversation around a cryptocurrency by considering both the volume of mentions and the ratio of positive to negative comments.

A positive score indicates optimism and potential FOMO (fear of missing out), while a negative score signifies market skepticism or disinterest.

Typically, a sudden increase in weighted sentiment precedes bullish reversals and price breakouts in major digital assets.

According to Santiment data, XRP’s weighted sentiment shot up above +1.74 on May 19–20, reaching its highest reading in more than 60 days.

This upward shift in crowd psychology follows an extended bearish sentiment phase throughout March and April, during which scores remained between -0.5 and -1.6.

A snapshot of on-chain data from May 19–20 shows a surge in positive social media comments on XRP, marking a 3-month peak as measured by Santiment's Weighted Social Sentiment indicator. This coincides with the announcement of a new partnership by Ripple in Dubai.

The last comparable positive spike in XRP Weighted Sentiment occurred on March 2, when weighted sentiment hit 5.44, a level that coincided with XRP’s rally to a local high of $2.94. Such elevated readings, especially when aligned with price action, often reflect early-stage accumulation by both retail and institutional actors.

This recent reversal from persistent negativity to sustained optimism suggests increasing investor confidence, possibly driven by Ripple’s growing international presence, including new partnerships in Dubai.

What’s Next for XRP Price?

Santiment’s weighted sentiment indicator has historically proven to be a reliable contrarian signal, particularly when extreme positive or negative sentiment marks inflection points. In XRP’s case, the current optimism, while not yet euphoric, may reflect renewed belief in the asset’s mid-term growth prospects.

If XRP manages to hold the key support level above $2.30, the combination of rising social sentiment and bullish technical structure could enable a move toward the $2.60 resistance zone in the near term.

XRP Forecast Today: Sentiment Rebound Aligns with $2.60 Resistance Retest

XRP is displaying signs of bullish continuation, supported by recovering social sentiment and stable technical structure above $2.30. On the daily chart, the Chande Kroll Stop—a volatility-based trend indicator, shows dynamic support at $2.21, closely aligned with the resistance band at $2.52, which acts as a short-term ceiling on XRP’s price moves.

The cryptocurrency price has retraced modestly to $2.34 following a recent breakout above $2.50, but remains structurally intact as long as the blue baseline holds as support.

Moreover, the Bull Bear Power indicator momentum turned slightly negative at -0.0228, suggesting a minor cooldown after May’s bullish expansion. However, the sell-off lacked strong volume, hinting at consolidation rather than reversal. This aligns with Bitcoin price forecast today, where BTC is facing pressure to defend critical support, helping to sustain broader altcoin positioning.

If XRP manages to reclaim the $2.44 level, short-term momentum could favor a move towards $2.60—where prior resistance truncated further upside on May 17.

A clean break above