XRP Gains Shariah Compliance Stamp; Accumulation Between $2.70-$3 Sparks Q4 Rally Hopes Toward $5

Market Context

Islamic finance markets—covering large parts of the Middle East, Southeast Asia, and beyond—are strict about compliance with religious (Shariah) principles. With many cryptocurrencies failing to meet such standards, XRP’s confirmation opens it up to new pools of capital. Combined with broader institutional adoption, accumulation by long-term holders, and a solid macro backdrop (rate cuts, growing digital payments), the move strengthens XRP’s case among both speculative and utility-focused investors.

Technical Details 

• The SRB under the Central Bank of Bahrain confirmed XRP is Shariah-compliant, enabling Islamic financial institutions to consider it legitimate for use in transactions and investment. 
• On-chain data (as noted by analyst Tom Tucker) shows accumulation since August 22 in the $2.70–$3.00 buying zone. September saw selling pressure from earlier rallies absorbed, leading to tighter supply and more stable market structure. 
• Analysts believe that a decisive breakout above $3.00 could trigger a bullish run, pushing XRP toward $5.00-$5.50 in Q4. 

Analyst Perspectives 

Some market watchers view the Shariah stamp as a strong tailwind—especially in Islamic finance hubs—as it removes a key barrier to adoption. However, others caution that breakout assertions must be tempered: strong resistance could appear near $3.50 or above, and broader crypto market risks (regulation, macroeconomic factors, global liquidity) could delay or undermine a full rally. The accumulation zone is promising, but momentum and volume need to substantiate claims of a breakout.

Global Impact Note

If XRP’s Shariah compliance leads to adoption by Islamic financial firms and investors, it may mark a shift in how religious and regulatory frameworks interact with crypto. This could unlock billions in new capital, especially in Gulf, Southeast Asia, and Muslim-majority countries. Global payment solutions using XRP may also gain legitimacy where Shariah compliance is a strict requirement.