- Speculation of a potential integration between Ripple’s blockchain technology and SWIFT, coupled with XRP’s recent price rebound from the $2 support level.
- While technical indicators suggest a possible bullish trend reversal for XRP, driven by increased institutional access from the SWIFT integration, the rally’s sustainability hinges on increased trading volume and broader macroeconomic stability, despite the current 24 hour price decline.
Ripple’s native token could gain impressive market value following mounting speculation of integration with a banking system giant. Notably, Ripple’s blockchain technology might soon integrate with SWIFT.
On the other hand, XRP’s bounce from the critical $2 support level, resulting in a rise to a $2.23 weekly high, is driving market excitement.
The possibility of a Ripple-SWIF integration has sent heightened excitement through the crypto community.
This excitement came after crypto analyst John Squire noted that SWIFT (which is used by over 11,000 financial institutions worldwide) may announce the groundbreaking integration within the next seven days.
April 16 and April 21 could become the two most important dates in XRP’s history.
Squire took note of Ripple’s previous involvement with SWIFT pilot programs in 2023 that explored blockchain interoperability in cross-border payments.
If confirmed, this partnership could mark a turning point for global finance,” Squire said. “Ripple’s blockchain infrastructure could become a central component of SWIFT’s vast international payments network.
IF the intergration converges, XRP will be setting itself up foe increased institutional access, potentially triggering a surge in buying pressure. Market pundits believe that the intergration would be a deal breaker that would see the 4th cryptocurrency’s market price soaring beyond the $3 level in the near term, possibly even setting the stage for a long-term climb toward $45 if historical price patterns repeat.
The bullish sentiment also finds support in XRP’s technical indicators. Ripple’s price has recently bounced from $1.79 support and is attempting to break out of a descending parallel channel. A successful flip of this resistance could mark a trend reversal, turning the recent bearish structure into a bullish one.
The next key level to watch is the Point of Control (PoC) line—a price level where heavy trading volume previously occurred. Breaking above it could open the door to $2.60 and beyond.
However, caution remains. The Relative Strength Index (RSI) shows that buying momentum is still lagging. For XRP to sustain its rally, a significant increase in trading volume and accumulation is needed. Otherwise, the current bounce could lose steam before breaching all-time highs.
Meanwhile, broader macroeconomic factors may support XRP’s price action. Reports suggest the Federal Reserve is prepared to intervene in financial markets if global volatility rises due to ongoing tariff disputes. This backstop could encourage investors to rotate into risk-on assets like cryptocurrencies, providing an additional tailwind for XRP.
Meanwhile, XRP is currently recording red bars. Notably at the time of writing, the digital asset is swapping hands with $2.14 after a 2.68% decline in the past 24 hours. Looking on a roader perspective, the asset has surged 19.61% in the past week.