XRP Gains Ground as Central Bank of Bahrain Confirms Shariah Compliance According to market analyst Pumpius, the Central Bank of Bahrain’s Shariyah Review Bureau (SRB) has officially confirmed that XRP is compliant for their purposes. This recognition marks a significant milestone for Ripple’s digital asset, opening the door to broader adoption across Islamic finance markets and strengthening XRP’s position as a leading global payments solution. The SRB serves as one of the most respected Shariah advisory institutions in the Middle East, overseeing compliance in financial products to ensure alignment with Islamic principles. By deeming XRP compliant, the bureau effectively validates its use in transactions and financial services within jurisdictions and institutions that adhere to Shariah law. This approval carries weight not just in Bahrain but across other Islamic finance hubs, including Saudi Arabia, the UAE, and beyond. For Ripple and the XRP Ledger, this milestone reinforces their bid to become a trusted cross-border payment infrastructure. With Gulf and Middle East remittances exceeding hundreds of billions annually, XRP’s Shariah compliance offers banks, fintechs, and enterprises a cost-efficient, regulation-aligned settlement solution. Market analyst Pumpius noted that this confirmation comes as institutional adoption of blockchain accelerates. With legal clarity in major jurisdictions and now Shariah recognition, XRP is gaining credibility beyond speculation, positioning itself as a utility token that bridges currencies and streamlines global payments. This approval marks more than a financial milestone, it’s a cultural and regulatory breakthrough. In Islamic finance, Shariah compliance is a prerequisite for legitimacy, not a formality. With certification secured, XRP gains a unique advantage over many cryptocurrencies still excluded from this market for failing to meet religious and ethical standards. XRP Accumulation Points to Potential Q4 Rally Toward $5–$5.50 According to leading crypto pundit Tom Tucker, on-chain data reveals a clear shift in XRP’s market dynamics, with sustained accumulation emerging as a dominant theme since August 22. This trend follows a period of profit-taking in July, when early holders locked in gains after XRP’s mid-year rally. The new accumulation phase has been marked by heavy positioning in the $2.70–$3.00 range, signaling renewed investor confidence and the possible foundation for a much larger move in the months ahead. On-chain data shows July’s selling pressure has been absorbed, leaving a healthier market structure. New investor cohorts are steadily entering, echoing past accumulation phases where supply tightened in long-term holders’ hands, often the precursor to strong upward price moves. Therefore, XRP’s strategic positioning could set the stage for a Q4 breakout. A decisive move above $3.00 may ignite strong bullish momentum, opening the path toward $5.00–$5.50. Achieving these levels would mark not just a key psychological breakthrough, but also XRP’s highest trading range in years with its present Conclusion The Central Bank of Bahrain’s Shariyah Review Bureau confirming XRP’s compliance is more than symbolic, it’s a gateway into Islamic finance. For Ripple, it validates the utility-driven foundation of XRP and expands its global reach. Meanwhile, XRP’s recent accumulation highlights a shift in market sentiment, with long-term holders and new entrants converging at a key price zone. Absorbed selling pressure and steady demand point to structural strength building for a potential Q4 breakout. If momentum holds, XRP could surge toward $5.00–$5.50, reinforcing its role as a major player in the next phase of crypto adoption.
