Quick overview

Live XRP/USD Chart

---

SWIFT and other legacy financial systems are becoming outdated as users prioritize speed and digital responsiveness.

Gautam Jain, Global Head of Digitization and Client Access at Standard Chartered’s Transaction Banking division questioned the viability of traditional payment infrastructure in a recent video posted on X by Edoardo Farina. Jain highlighted the shortcomings of SWIFT and Standard Chartered’s collaboration with Ripple as part of a broader effort to modernize the banking system.

 

Standard Chartered is a key partner of Ripple. Jain’s comments align with a global reassessment by financial institutions of the feasibility of current systems.

Ripple CEO Brad Garlinghouse recently predicted that XRP will capture 14% of SWIFT’s market share within five years, reaffirming Ripple’s goal to transform cross-border payments through XRP and its partners. Many experts believe Ripple will replace SWIFT with XRP.

Meanwhile, ETFs are gaining increasing importance in the cryptocurrency market, particularly for XRP. If an ETF receives approval, XRP could see improved price stability and liquidity, making it more attractive to institutional investors.

There appears to be growing interest in ETFs, which could push the price of XRP higher. Although ETFs can enhance liquidity, they cannot fully eliminate volatility because they remain vulnerable to the unpredictable nature of the cryptocurrency market.

Observers note that XRP’s current prices are relatively stable. It is believed that this price stagnation may be a pause before the market finds a new direction. Given the technical patterns and the rising popularity of ETF products, XRP might be on the verge of a significant price surge.