SWIFT and Ripple Move Towards Convergence in Banking and Blockchain

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

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Banking and Blockchain Convergence: Market analyst Diana estimates that about 60% of SWIFT-listed banks now have some connection to Ripple, indicating that blockchain infrastructure is increasingly weaving into traditional finance and driving changes in cross-border payments.
Trend of Dual Participation: Major banks like BBVA, BNP Paribas, and Citi are backing SWIFT's new blockchain-based ledger while also engaging with Ripple Custody solutions, showcasing a trend of integration between legacy systems and digital alternatives.
Shift from Competition to Collaboration: Ripple Treasury's recent decision to integrate SWIFT as a strategic partner highlights the blurring lines between competing systems in global finance, where collaboration is becoming the new norm rather than rivalry.
Future of Cross-Border Payments: While SWIFT remains the core messaging layer for global banking, Ripple enhances settlement speed and liquidity movement, indicating that in cross-border payments, the connectivity of systems is more crucial than the dominance of a single network.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.185	1.267	1.344	1.427	1.504	1.587	1.664
Fibonacci	1.267	1.328	1.366	1.427	1.488	1.526	1.587

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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