XRP Price as SWIFT Taps Ripple-Affiliated Banks For Tokenized Cross-Border Payments
XRP's price climbs as SWIFT partners with Ripple-affiliated banks for blockchain-based cross-border payments, sparking speculation about the token's future.
XRP is making headlines today as a result of SWIFT's recent announcement revolving around partnerships with 17 banks, some of which are affiliated with Ripple. This move is geared towards testing its blockchain-based ledger for cross-border payments. Could this be a game-changer for XRP, or is the market reacting with skepticism?
What Does This Partnership Mean for XRP Price?
As of July 9, 2026, XRP is experiencing a modest uptick, trading at $1.09, which marks an increase of approximately 1.6%. This rise coincides with SWIFT working with banks like Standard Chartered and UBS, which have ties to Ripple for custodying crypto assets.
This partnership aims to see whether SWIFT's blockchain can effectively facilitate international payments. Interestingly, this initiative follows Ripple Treasury's admission into the SWIFT Certified Partner Program earlier in April 2026. Could this validation from SWIFT bolster Ripple's credibility in the cross-border payment sphere?
Is There Skepticism Among Analysts?
Despite the seemingly positive news surrounding XRP, not everyone is convinced that this partnership will result in bullish momentum for the token. An analyst on X commented that while Ripple’s connection with SWIFT may be significant, the integration will not involve the XRP token directly. Instead, the focus will be on “tokenized deposits,” steering away from XRP serving as a “bridge currency.”
“Sorry $XRP holders, but the ‘bridge currency’ and ‘liquidity’ is tokenized deposits; not a L1 gas token,” the analyst remarked.
This sentiment raises questions about whether the market is overreacting to the news, as XRP ETFs have experienced significant outflows—the highest in three months—indicating caution among investors.
What Challenges Does XRP Face Now?
From a technical perspective, XRP has closed below the 20-day Exponential Moving Average (EMA) of $1.11 for three consecutive days. This trend is generally seen as bearish and signals that if XRP fails to reclaim this EMA, it could see further declines toward the psychological support level of $1.00.
A slip to this level could amplify selling pressure, potentially dragging the price down to previously established lows, such as the November 2024 low of $0.87. However, the easing geopolitical tensions, bolstered by Trump's comments on potential peace negotiations with Iran, could invigorate buying interest and help push XRP toward the next resistance level at the 50-day EMA of $1.17.
Where Can You Trade XRP Efficiently?
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Key Takeaways
- XRP price increased to $1.09 amid SWIFT's partnerships with Ripple-affiliated banks.
- SWIFT is exploring cross-border payments through its blockchain but will not utilize the XRP token directly.
- Technical analysis suggests potential bearish movement if XRP does not regain the $1.11 EMA soon.
- Geopolitical factors may influence market sentiment positively for XRP in the near term.