Can XRP Reach $5? Ripple CEO Garlinghouse Targets SWIFT Disruption
XRP’s price movement has stalled despite Ripple CEO Brad Garlinghouse reaffirming his vision for competing with SWIFT. His confidence in Ripple’s potential to transform global transactions comes amid renewed momentum in the crypto market.
- XRP traded at $2.40 on Tuesday, showing stability in recent days.
- The token remains 28% above its lowest point this month, reflecting resilience despite market fluctuations.
Ripple’s Vision: A SWIFT Alternative
In a discussion with Fox Business host Maria Bartiromo, Garlinghouse highlighted Ripple’s ambition to disrupt SWIFT, a system that has dominated international payments for over 50 years.
- SWIFT processes over $150 trillion annually, but its transaction speeds are often slow.
- Many transfers still take days, despite improvements, making the system inefficient for modern finance.
Ripple Gains Traction in the U.S.
With the SEC case against Ripple concluding, Garlinghouse expects increased adoption among American banks. He revealed that more U.S. financial institutions signed up for Ripple’s services in the six weeks following Donald Trump’s election than in the previous six months combined.
- Regulatory clarity could accelerate Ripple’s expansion in the U.S. financial sector.
- Institutional adoption is crucial, given that U.S. banks handle trillions in annual payments.
Why Ripple’s Technology is More Efficient
Compared to SWIFT, Ripple’s network offers faster speeds and lower costs, making it a compelling alternative.
- Typical transactions settle in under five minutes, reducing delays significantly.
- Transaction costs are just cents, making payments more efficient than traditional banking systems.
Ripple’s on-demand liquidity (ODL) plays a key role in cross-border transfers. The system converts local currency into XRP, transfers it internationally, and converts it back into the recipient’s local currency.
- ODL eliminates the need for pre-funded accounts, improving liquidity efficiency.
- Ripple’s system also supports non-XRP transactions, offering flexibility to institutions concerned about volatility.
The Role of Ripple USD in Future Growth
Ripple’s stablecoin, Ripple USD, is expected to integrate into its ecosystem, enhancing liquidity and stability.
- Stablecoins offer reduced volatility, making them more attractive for payments.
- Ripple still lags behind SWIFT, which has over 11,000 banking partners worldwide.
XRP Price Analysis and Path to $5
The XRP chart has shown a mix of bullish and bearish signals, creating uncertainty in the short term.
- A head-and-shoulders pattern suggests a potential drop to $1 if support fails.
- However, the break-and-retest formation at $1.9666—its 2021 swing high—could indicate further upside.
A bullish pennant is forming, marked by a steep price increase followed by a symmetrical triangle. XRP has also moved above the 50-week and 100-week moving averages, signaling strength.
- Resistance at $3 remains a key level—breaking above it could confirm further gains.
- A successful breakout could push XRP to $5, a 105% increase from current levels.
- However, dropping below $1.966 would invalidate the bullish outlook, signaling potential weakness.
As Ripple continues to challenge SWIFT and expand its financial partnerships, XRP’s price action will depend on regulatory clarity, institutional adoption, and broader market sentiment.
