14th April 2025 – (New York) XRP is gaining traction in the cryptocurrency market as rumours of a potential partnership between Ripple and SWIFT intensify. Analysts suggest that such a deal could significantly boost XRP’s adoption and push its price beyond $3.00.
SWIFT, which connects over 11,000 financial institutions across more than 200 countries and moves trillions of dollars daily, could modernise its infrastructure with Ripple’s blockchain technology. This would position XRP as a key settlement layer within the global financial system. Market analyst John Squire believes an announcement is imminent, citing Ripple’s involvement in SWIFT’s 2023 interoperability pilot for cross-border transactions as a strong foundation.
XRP is currently trading at $2.15, maintaining support above a rising trendline and the 50-day exponential moving average (EMA) at $2.08. Bulls are in control, and a breakout above $2.25 could pave the way for further gains. Key support stands at $2.10, while resistance levels are $2.25, followed by $2.35 and $2.47.
The Relative Strength Index (RSI) remains neutral at 56.9, leaving room for upward momentum. A close above $2.26 could target $2.47 in the short term, while a drop below $2.10 would weaken the bullish structure.
XRP whales have been increasing their holdings, driven by improving sentiment following recent tariff suspensions in the United States. Mid-last week, President Donald Trump temporarily paused new tariffs for 90 days, sparking a recovery in global markets, including cryptocurrencies.
Santiment data shows that wallets holding between 1 million and 10 million XRP now account for 9.27% of the total supply, while those holding between 10 million and 100 million XRP control 11.61%. These increases hint at renewed risk appetite among large investors, potentially fuelling further bullish momentum.
While technical indicators point to a bullish outlook, the real catalyst for XRP’s price surge could be confirmation of a SWIFT-Ripple partnership. Such an announcement would elevate XRP’s role in the financial ecosystem and likely push its price beyond $3.00. Some analysts even speculate that XRP could reach $45 in the long term, based on historical trends.
Despite the optimism, traders are advised to exercise caution. A 2.75% drop in derivatives open interest (OI) to $3.29 billion and a 40% decline in trading volume to $9.99 billion over the past 24 hours indicate reduced market participation. Liquidations in the last 24 hours totalled $13.86 million, with $8.2 million in long positions closed. This suggests that some traders are taking profits, potentially limiting upward momentum.
