XRP Could Hit $3.00 If SWIFT Confirms Ripple Partnership Deal
XRP is back in the spotlight, gaining momentum this week as speculation grows that SWIFT will confirm a partnership with Ripple. If that happens, it could be a big deal for XRP’s institutional adoption and price.
Why does it matter? SWIFT connects over 11,000 financial institutions across 200+ countries, moving trillions of dollars daily. A Ripple-powered blockchain upgrade would modernize SWIFT’s infrastructure and position XRP as a settlement layer in the global financial system.
Market analyst John Squire thinks an announcement is coming soon. He pointed to Ripple’s role in SWIFT’s 2023 interoperability pilot, which explored blockchain for cross-border transactions. With the groundwork laid, a full partnership now looks likely.
XRP/USD Technical Analysis: Buyers Hold the Line
XRP is holding at $2.15, above a rising trendline and the 50-day EMA (at $2.08). Bulls are in control for now, with eyes on a break above $2.25.
Key Levels:
Support: $2.10
Resistance: $2.25
Next Targets: $2.35 and $2.47
RSI: 56.9 – not overbought
A close above $2.26 could start the next leg up, targeting $2.47 short term. Below $2.10 would weaken the current structure.
Short-Term Trade Setup
Entry: Buy above $2.26
Target Range: $2.35 to $2.47
Stop Loss: $2.09
This is a clean risk-reward trade for breakouts. RSI is strong and price is on key EMAs – bulls have the technical edge if volume picks up.
What to Watch: SWIFT Could Be the Game-Changer
While the chart looks good, the real catalyst is SWIFT. Watch for:
A confirmed SWIFT–Ripple announcement
Break above $2.60, the PoC from the last consolidation
Volume to confirm the breakout
RSI above 60 to show trend strengthWithout the confirmation, XRP may range below resistance. But if SWIFT announces the partnership, a move above $3.00 is a given. Some even think a long-term cycle could take XRP to $45 based on historical patterns.
Conclusion
XRP is bullish and could be about to break—but it all depends on the SWIFT news. Until then, the chart is good and the trade is a solid risk-reward for short term traders.
If SWIFT delivers the news everyone’s waiting for, XRP won’t just break out—it will break away.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals