XRP News Today: Is Ripple Partnering With Global Banking Giant SWIFT?

After Trump’s tariff pause, Bitcoin may have lit the spark with its run toward $85K, but XRP stole the show with a 28% jump, climbing to $2.12 today. Behind the scenes, big money started piling in as XRP’s futures open interest shot up from $2.87 billion to $3.41 billion since April 9. The buzz is building, and Ripple might just be getting started.

Here’s what you should know.

SWIFT Integration: The Game-Changer for XRP?

The crypto world is abuzz with speculation that SWIFT, the global banking giant, may soon make Ripple’s blockchain a part of its payment system. SWIFT already facilitates cross-border payments for over 11,000 financial institutions. Should this rumor prove true, it could send XRP’s price to new heights.

While rumors in crypto are commonplace, this particular buzz is gaining momentum for a reason. Analyst John Squire suggests that an official announcement could come as soon as next week. The timing is significant, as the SEC vs Ripple case is expected to reach its final resolution by April 16. Adding fuel to the fire, Ripple’s involvement in SWIFT’s blockchain pilot programs in 2023 shows that the groundwork for such a partnership may already be in place.

If confirmed, this integration could position Ripple’s network at the heart of global finance, exponentially increasing XRP’s utility.

XRP’s Technical Outlook

On the charts, XRP is setting itself up for a potential breakout. After bouncing from $2 over the weekend, the digital asset reached a weekly high of $2.23. Analysts are now watching to see if XRP can break through resistance at the top of a descending parallel channel. A successful breakout here could reverse the current downtrend and trigger a bullish wave, with $2.60 in sight—and $3 not far behind.

However, caution is warranted. The Relative Strength Index (RSI) shows weak buying momentum, suggesting that unless bulls step in with substantial volume, XRP’s rally could hit a wall at key resistance levels. Additionally, the Point of Control (PoC) line, a significant area of past trading activity, may present another hurdle.

Despite these challenges, growing institutional interest and rising market excitement make a surge toward $3 seem within reach.

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Is $45 on the Horizon?

Crypto expert Ali Martinez offers another perspective, noting that XRP is forming an ascending triangle and facing resistance at $2.22. A breakout above this level could see XRP rally toward $2.40.

Yet, some analysts are thinking even bigger. Combining XRP’s historical patterns with the potential demand boost from a SWIFT partnership, some are predicting price targets as high as $45. While this may seem lofty, in the unpredictable world of crypto, nothing is out of the question.

For now, the $3 mark remains a more realistic target, but anything can happen.

The Wait for the Breakout Moment

As the market waits for developments, one thing is clear: XRP is back in the spotlight. If SWIFT confirms a partnership with Ripple, it could be the breakthrough that XRP holders have been hoping for, potentially driving the price to new heights.

If SWIFT and Ripple do team up, XRP might just be the wild card the crypto world has been waiting for.

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