29th March 2025 – (New York) Ripple CEO Brad Garlinghouse has unveiled ambitious plans to challenge SWIFT’s global payments monopoly, declaring the company’s blockchain-based solution a faster, cheaper alternative to the legacy financial network. His confidence follows Ripple’s legal victory against the SEC, which has accelerated adoption among US banks—with more institutions joining RippleNet in recent months than in the prior six months combined.
Garlinghouse highlighted SWIFT’s inefficiencies, noting its reliance on correspondent banking often results in delays of up to five business days and high transaction costs. In contrast, XRP’s blockchain technology enables near-instant settlements, bypassing intermediaries through its On-Demand Liquidity (ODL) service. The digital asset also serves as a bridge currency, eliminating the need for pre-funded accounts and improving liquidity—a key advantage for financial institutions.
Analysts suggest XRP’s price could surge if Ripple displaces even a fraction of SWIFT’s multi-trillion-dollar annual flows. Currently trading at 2.12,technicalindicatorsshowresistanceat2.12,technicalindicatorsshowresistanceat3, with a breakout potentially propelling it toward 5.However,failuretoholdthe5.However,failuretoholdthe1.96 support level could trigger further declines.
Meanwhile, Bitcoin Pepe, a new meme coin built on Bitcoin’s blockchain, has raised over $5.6 million in its presale, contrasting with XRP’s recent 11.5% weekly drop. The project’s PEP-20 standard promises faster transactions and lower fees, attracting investors seeking alternatives amid XRP’s volatility.
While SWIFT retains its entrenched position, Ripple’s growing bank partnerships and regulatory clarity position XRP as a formidable competitor. The battle for cross-border payments supremacy is far from over, but Ripple’s momentum suggests a seismic shift in global finance may be underway.
