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Cryptocurrency News Articles
XRP Price Retains Stability at $2.40 Despite Market Predictions of Reaching $1,000
Mar 22, 2025 at 06:32 pm
XRP price retains stability at $2.40 despite market predictions of reaching $1,000 anytime soon. The potential SWIFT cross-border payment
A post on X (formerly Twitter) has sparked conversation among crypto traders after it claimed that the price of XRP could rise to $1,000 if the payments giant Ripple partners with SWIFT.
The post, which was later deleted, also mentioned that billions of XRP would need to be held in escrow services to provide "reserve liquidity."
"SWIFT is in the final stages of discussing with Ripple the possibility of integrating XRP technology into its cross-border payment system, according to a report by mkbhd on X. The partnership would require billions of XRP to be held in escrow services to provide "reserve liquidity," it added.
The report comes after a year of major price growth for the Ripple coin. Since the SEC lawsuit against Ripple ended, investors have displayed optimism through their investment behavior and predict better market growth for the coin.
Can XRP Price Reach $1,000 if Ripple Partners With SWIFT for Cross-Border Payments?
For the XRP price to reach a value of $1,000, a major market shift needs to occur. As SWIFT stands in the final steps of negotiating with Ripple to incorporate XRP technology for international payment transfers, the integration would require a substantial amount of liquidity in the form of billions of XRP to be held in escrow services.
The reported arrangement between Ripple and SWIFT would need escrow services for billions of Ripple to act as reserve liquidity. The SWIFT partnership would definitely affect the way XRP functions as well as the extent of its widespread use.
This was posted and quickly deleted, I wonder what prompted intial post pic.twitter.com/z5hCMELpTi
— Cobb (@Cobb_XRPL) March 21, 2025
Factors That Could Fuel The XRP Price Rally?
The potential for market recovery may have positive effects on XRP price. Currently, Bitcoin has reached around $84K while Ethereum transactions are at $1,900.
The recovery could trigger an XRP price increase, which would create more interest among investors.
The SEC displayed signs of progress when its website removed Ripple civil actions because the case begins to reach the court of appeals stage. The legal proceedings adjustment may offer additional backing for this market movement.
Also, traders anticipate the expansion of RUSD adoption because Trump is promoting stablecoin laws which will strengthen XRP’s future market potential.
The current XRP price is $2.4, and it has increased by 0.32% throughout the last 24 hours. The MACD indicators show a bullish momentum because the MACD line rises above the signal line.
The strength displayed by Ripple price implies that it will create conditions for additional price increases. The RSI indicator shows XRP trading at a middle level because its value stands at 53.02, which suggests more price growth possibilities.
The price prediction should aim towards breaching $2.60 resistance before proceeding to $2.80, followed by $3. The successful crossing of this critical level would enable XRP to approach the $2.80 target before potentially reaching the important $3 mark.
This scenario assumes a 24% boost in the current level. A bear trend could push prices down to $2.2 but the XRP price might reach $3.4 as bulls maintain their control.
To sum up, the XRP price is currently at $2.40 and has potential through its SWIFT cross-border payment solution. For it to achieve a $1000 value, it needs both significant market changes and widespread adoption of its technology.
Frequently Asked Questions (FAQs)
1. What role does the SEC lawsuit play in XRP's market performance?
2. What are the main factors that could fuel an XRP price rally?
3. Will XRP price hit $1,000 if Ripple partners with SWIFT?
Disclaimer:info@kdj.com
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