Ripple’s XRP is under the microscope as bearish sentiment intensifies, with the token trading below key technical levels. Meanwhile, Ripple’s CEO, Brad Garlinghouse, is making bold moves, aiming for the XRP Ledger to capture a significant share of SWIFT’s global liquidity—a development that could reshape the cross-border payments landscape.
XRP Price Action: Testing Support Amid Market Uncertainty
XRP is currently trading around $2.25, marking a 1% daily drop and a 15% decline from its May peak of $2.65. The token has slipped below a crucial resistance zone formed by the 50-day and 100-day Exponential Moving Averages (EMAs), signaling that sellers are in control. If XRP closes below this confluence, analysts warn of a potential further drop toward the 200-day EMA at $2.09, representing a possible 7% downside from current levels.
Technical indicators paint a mixed picture. The Relative Strength Index (RSI) has dipped below the neutral 50 mark, suggesting growing bearish momentum. However, the Moving Average Convergence Divergence (MACD) remains in buy territory, hinting that a reversal is still possible if buying interest returns. Key resistance levels to watch are $2.34, $2.50, and $2.65, where seller congestion could stall any recovery.
Ripple’s Ambitious Play: Targeting SWIFT’s Liquidity
At the recent XRP Ledger Apex 2025 summit, Garlinghouse outlined Ripple’s vision: capturing up to 14% of SWIFT’s global liquidity within five years. SWIFT, the backbone of international financial messaging, is used by banks and payment providers worldwide to facilitate cross-border transactions. RippleNet, Ripple’s payment network, already boasts hundreds of partner banks, but only a select few currently access its On-Demand Liquidity (ODL) system powered by XRP.
Garlinghouse emphasized the importance of liquidity over messaging, stating, “If you’re driving all the liquidity, it’s good for XRP. So, in five years, I’d say 14%.” While Ripple and the XRP Ledger are often discussed as potential SWIFT alternatives due to their low costs and high throughput, direct integration remains uncertain as SWIFT itself explores blockchain solutions, including the upcoming ISO 20022 upgrade.
Institutional Interest: Trident’s $500 Million XRP Treasury
Institutional appetite for XRP is on the rise. Singapore-based Trident Digital Tech Holdings has announced a $500 million XRP Treasury, aiming to acquire XRP as a long-term reserve and explore staking for yield generation. The initiative, pending regulatory approval, is set to launch in the second half of the year and is seen as a strategic move to demonstrate how public companies can engage with decentralized finance.
Outlook: Bearish Bias, But Watch for Reversals
While the current technical setup favors the bears, the sustained MACD buy signal and growing institutional interest could provide a tailwind for XRP. Traders should monitor key support and resistance levels closely, as well as developments in Ripple’s push for greater liquidity share and institutional adoption.
