- XRP is showing signs of recovery as it holds near a key support level.
- Ripple CEO envisions XRP capturing 14% of SWIFT’s cross-border payments by 2026.
- XRP’s ISO 20022 readiness aligns with SWIFT updates, gaining attention from banks.
XRP, the cryptocurrency behind Ripple, has shown a steady price movement within a broader downtrend. After a prolonged consolidation phase, XRP is now holding near a significant support level, indicating potential for future recovery.
However, analyst BitGuru believes the strength of this recovery will depend on a clear breakout above resistance levels. Without this, the price action is likely to remain within its downtrend.
XRP’s Struggle Amid Ongoing Downtrend
Throughout 2025, XRP’s price has moved within a bearish trend following its long consolidation period earlier in the year. The digital asset has failed to show sustained upward movement, even as the broader market experienced various shifts.
XRP’s most recent price activity is seen near a crucial support zone, a level that, if maintained, could provide the foundation for a potential price rebound.
Despite this, analysts caution that any recovery would need a decisive break above the current resistance levels to signal a more sustained bullish phase. Without this break, XRP’s price is expected to continue following the existing downtrend, limiting any immediate chances for significant upward movement.
Ripple’s Vision for XRP’s Role in Global Payments
Ripple’s CEO, Brad Garlinghouse, recently shared his ambitious forecast for XRP’s future in the global payments ecosystem. In an interview with CoinDesk, Garlinghouse stated that XRP could capture up to 14% of SWIFT’s global payment volume over the next five years.
SWIFT, a major player in cross-border payments, currently handles a large portion of international bank transfers. If XRP can secure even a portion of that market, it would cement its role in the financial sector.
Ripple’s progress is further supported by the XRP Ledger’s alignment with ISO 20022, a global messaging standard for payments. As SWIFT moves to adopt this standard, XRP’s compatibility with ISO 20022 makes it an attractive option for banks.Â
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
