What Happened?
SWIFT has announced it will begin live trials of digital asset transactions by November 2025, a move that could integrate XRP and HBAR into their operations. This development comes as XRP is consolidating at $2.8993 with a slight 0.41% decline, trading below all major Exponential Moving Averages (EMAs). The technical indicators show XRP in a bearish pattern, with the RSI approaching oversold territory.
Who Does This Affect?
This affects cryptocurrency investors and institutions who have interests in XRP and HBAR, as they are identified as primary integration candidates for SWIFT’s upcoming trials. Ripple, the company behind XRP, could see increased institutional adoption alongside other crypto-related payment networks. Additionally, these developments might impact traders and analysts closely monitoring XRP’s price movements and market positioning.
Why Does This Matter?
The potential integration of XRP with SWIFT’s network that handles $150 trillion annually represents significant market potential and validation for XRP. If successful, this could increase XRP’s adoption and drive its price upwards, impacting the broader cryptocurrency market. Meanwhile, the ongoing consolidation at resistance levels suggests traders are assessing the integration’s potential effects on XRP’s value, which could lead to either a breakout or extended consolidation depending on the progress of SWIFT’s trials.