XRP recently moved up after finding support below
the $2 level. The price increase is linked to renewed speculation about a
potential integration of XRP with SWIFT. SWIFT is the global system used for
most cross-border payments. It handles trillions of dollars in transactions
every day.
Rumors about a partnership between Ripple and SWIFT have
circulated before. Ripple’s CEO has previously made comments suggesting the
possibility of either an integration or a replacement. A former SWIFT employee
also claimed that banks have tested XRP’s compatibility with the SWIFT network,
Coinfomania reported.
XRP Price Gains Amid Ripple-SWIFT Rumors
The latest claim came today. Market analyst John Squire
stated that a deal between Ripple and SWIFT will be announced within the next
seven days. No official confirmation has been provided by either party so far.
April 16 and April 21 could become the two most important dates in XRP’s history.And I’m not saying this for hype. I’m saying it because of context, data, and a narrative that’s been building for years.Let’s start with April 16:It’s the deadline for Ripple to submit its…
— John Squire (@TheCryptoSquire) April 13, 2025
If such a deal is announced, XRP’s blockchain technology may
be used by leading global banks. This could lead to wider adoption of Ripple’s
payment system. Following the recent speculation, some observers believe that
XRP’s price could reach $3 if the announcement occurs.
XRPUSD Shows Uptrend with Trendline Support
The XRPUSD H1 chart reveals an uptrend, following a clear
trendline. After encountering resistance at 2.24500, the price underwent a
bearish correction. Currently, the cryptocurrency is hovering near the
trendline’s support.
If a bullish reversal pattern forms, it could encourage
buyers to go long, potentially pushing the price higher. However, a bearish
breakout at the trendline could lead to a choppy price action, with a slow
downward movement.
Ripple Expands Partnerships with Revolut, Zero Hash
Recently, Ripple has formed several new partnerships,
enhancing its presence in the digital asset sector. The
company has expanded its collaborations with Revolut and Zero Hash, aiming
to compete with USDT and USDC. In Portugal, Ripple is working with Unicâmbio to
enable instant payments between Portugal and Brazil using digital assets.
New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!Get $RLUSD: https://t.co/jrEiNBWKgN pic.twitter.com/36q5OU5xfa
— Ripple (@Ripple) February 5, 2025
In South Korea, BDACS
will utilize Ripple Custody to secure XRP and RLUSD. Looking forward,
Ripple expects Japanese banks to adopt the XRP Ledger for cross-border payments
by 2025. The company is also collaborating with Chainlink
to integrate RLUSD into Ethereum-based platforms within the DeFi space.
This article was written by Tareq Sikder at www.financemagnates.com.
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