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- XRP surges 28% to $2.16 amid explosive rumors of a potential Ripple–SWIFT partnership, boosting market cap to $126B.
- Institutional interest spikes, with XRP futures open interest jumping from $2.87B to $3.41B since April 9.
- Analysts eye a breakout as XRP forms an ascending triangle; a flip of $2.22 resistance could lead to $2.60 or higher.
XRP is once again at the center of the crypto spotlight. Following Donald Trump’s decision to pause tariffs, a move that helped Bitcoin push toward the $85,000 mark, XRP is trading at $2.16 with a 24-hour trading volume of $ 8.02B, a market cap of $ 126.07B. The XRP price decreased -1.96% in the last 24 hours.
While Bitcoin’s gains lit the initial spark, XRP quickly stole the show, driven by renewed investor confidence and explosive rumors that could reshape the future of cross-border payments.
Behind XRP’s price spike is a sharp increase in futures open interest. Since April 9, open interest in XRP derivatives has jumped from $2.87 billion to $3.41 billion, signaling heavy institutional inflows. This sudden spike in capital suggests that big players are positioning themselves ahead of a potentially game-changing development involving Ripple and SWIFT, the global interbank payment giant.
Crypto circles are buzzing with growing speculation that SWIFT may be preparing to officially integrate Ripple’s blockchain into its payment infrastructure. With more than 11,000 financial institutions depending on SWIFT for global transactions, this potential partnership could redefine how value moves across borders and thrust XRP into a central role.
Analyst John Squire recently added fuel to the fire, claiming that an announcement from SWIFT could come as early as next week. The timing couldn’t be more critical, as the SEC vs. Ripple case is also expected to conclude on April 16. Legal clarity and institutional adoption together could catapult XRP into a new phase of global relevance and growth.
Squire highlighted Ripple’s 2023 involvement in SWIFT’s blockchain pilot programs, emphasizing this as a strategic, long-term continuation. If Ripple joins the SWIFT network, XRP’s real-world financial utility could surge, paving the way for mainstream adoption.
XRP Price Action Signals Breakout Potential
XRP’s technical indicators show bullish momentum building. After rebounding from $2 over the weekend, the asset rallied to a weekly high of $2.23. Analysts are now watching whether XRP can break out of its descending parallel channel. If this resistance is flipped, a bullish wave could push prices toward $2.60, with $3 acting as the next psychological barrier.
However, the road isn’t completely clear. XRP’s Relative Strength Index (RSI) suggests buying momentum is still weak, and traders warn that without strong volume, the current rally could stall at key resistance zones. The Point of Control (PoC), which represents a high-traffic trading area in the past, is also acting as a speed bump.
Despite these technical challenges, the broader market sentiment remains overwhelmingly positive. Institutional interest is climbing, and retail traders are re-entering. The possibility of a landmark Ripple-SWIFT deal is turning heads across the crypto space.
XRP Bulls Push Past 222 With 240 in Sight
While short-term targets remain cautious, long-term projections are turning heads. Crypto expert Ali Martinez notes that XRP is forming an ascending triangle pattern, facing resistance at $2.22. A breakout from this formation could see XRP rally toward $2.40 in the coming days.
Other analysts are far more ambitious. Some point to historical price patterns and argue that if XRP combines its past explosive cycles with new demand from a SWIFT integration, prices as high as $45 may eventually be on the table. While such targets are speculative, the $3 level is increasingly seen as achievable in the short term.
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