XRP News Today: XRP Gains Institutional Momentum as Ripple Challenges SWIFT Model

Ripple’s XRP has emerged as a potential contender in the global financial messaging and settlement arena, sparking discussions about its ability to surpass SWIFT, the long-standing standard for international banking transactions. According to Ripple CEO Brad Garlinghouse and Teucrium CEO Sal Gilbertie, XRP’s growing adoption in cross-border finance, coupled with institutional interest, could pave the way for a new era in global payments [1]. Sal Gilbertie, in particular, has emphasized Ripple’s strategic positioning in challenging SWIFT’s pre-funding model, with XRP serving as a more efficient and scalable alternative [1].

Teucrium recently launched a 2x leveraged XRP ETF, signaling strong institutional confidence in the asset’s future potential. This move reinforces the narrative that XRP is gaining traction as a legitimate player in traditional finance. The ETF’s introduction also highlights the broader trend of financial institutions exploring blockchain-based solutions for cross-border payments [1]. Ripple’s vision includes capturing 14% of SWIFT’s liquidity, with the company aiming to process $21 trillion in transactions annually through its network [1].

Market reactions to these developments have been mixed. XRP recently dipped 1.255% to $3.06 amid uncertainty over SWIFT’s future role in global finance. Despite this short-term dip, the token has delivered strong year-to-date returns, rising 54% in 2024, outperforming both Bitcoin and Ethereum [2]. Analysts suggest that a potential approval of spot XRP ETFs later this year could serve as a major catalyst for institutional adoption and price appreciation. Bloomberg estimates a 95% chance of such approval following the resolution of Ripple’s legal battle with the SEC [2].

The broader implications of Ripple’s growth extend beyond price movements. RippleNet, the company’s global payment network, has expanded to 45+ countries, with a particular emphasis on emerging markets. The network’s EVM-compatible sidechains are expected to be integrated by Q2 2025, further enhancing its appeal to developers and institutional investors [1]. Additionally, Ripple’s efforts to align with ISO 20022 standards could position XRP for greater regulatory acceptance and institutional endorsement, reinforcing its potential to reshape legacy payment systems [1].

While bullish sentiment remains strong, analysts caution against over-reliance on price forecasts. Speculative targets, such as XRP reaching $5 or $30, should be treated with skepticism, as they often lack a solid foundation in concrete fundamentals [2]. Prediction markets like Kalshi indicate a 70% probability of XRP hitting $4 this year and a 29% chance of reaching $5, but these figures reflect market sentiment rather than guaranteed outcomes [2].

XRP’s trajectory is also closely linked to the broader crypto market and Bitcoin’s performance. Analysts emphasize that while XRP has demonstrated resilience and growth, its price remains sensitive to macroeconomic conditions and regulatory developments [2]. Institutions are increasingly adopting Ripple’s solutions, which could drive long-term adoption and usage [5].

Overall, XRP has solidified its position as a rising star in the cryptocurrency space, with regulatory clarity and institutional interest serving as key drivers. While the idea of XRP overtaking SWIFT remains speculative, the token’s integration into global financial infrastructure and the potential launch of an ETF may mark a pivotal moment in its journey toward mainstream adoption [2][4][5].

Source:

[1] title1.............................(https://coinmarketcap.com/community/articles/68a43f3d8628c0000497e1d8/)

[2] title2.............................(https://www.nasdaq.com/articles/can-xrp-hit-5-year)

[4] title4.............................(https://www.thecryptoalert.com/post/xrp-will-speed-up-over-1-2-quad-trillion-dollars-requiring-a-10-000-price)

[5] title5.............................(https://timestabloid.com/how-banks-can-use-xrp-for-swift-payments-without-a-partnership/)