Ripple vs SWIFT: The $150 Trillion Showdown You Can’t Miss!

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Ah, XRP. The cryptocurrency that’s been sitting around like a teenager on summer break, doing absolutely nothing this week. Even after Ripple CEO Brad Garlinghouse waxed poetic about how Ripple is going to take down SWIFT, the price of XRP decided to take a nap. 🛋️

As of Tuesday, XRP was lounging at $2.40, which is 28% above its monthly low. Not exactly a moonshot, but hey, it’s better than a sharp stick in the eye. 📈

In a chat with Fox Business’s Maria Bartiromo, Garlinghouse was all confidence and swagger, claiming Ripple will eventually give SWIFT a run for its money. SWIFT, the granddaddy of global payments, has been around for over 50 years and, according to Garlinghouse, is about as modern as a rotary phone. 📞

SWIFT handles a cool $150 trillion annually, but it’s often slower than a sloth on sedatives. Transactions can take days, which is about as efficient as mailing a letter via carrier pigeon. 🐦

Garlinghouse also mentioned that the recent Ripple vs SEC case has opened the floodgates for more American banks to jump on the Ripple bandwagon. Apparently, Ripple signed up more U.S. banks in the six weeks after Trump’s election than in the previous six months. Coincidence? Probably. 🤔

Ripple’s U.S. business hit a snag after the SEC lawsuit in 2020, forcing it to cozy up with foreign partners, especially in Japan. But now, with the legal drama (mostly) behind them, Ripple is ready to make a comeback. 🎬

Ripple’s tech is faster and cheaper than SWIFT, with transactions taking less than five minutes and costing just pennies. It uses something called on-demand liquidity, which sounds fancy but basically means converting local currency to XRP, sending it across the globe, and converting it back. You can also skip the XRP part if you’re not into rollercoaster rides. 🎢

Ripple is also pinning its hopes on its stablecoin, Ripple USD (RLUSD), to become a key player in the ecosystem. But let’s not get ahead of ourselves—SWIFT has partnerships with over 11,000 banks. Ripple has some catching up to do. 🏃‍♂️

Now, let’s talk charts. XRP has formed a head and shoulders pattern, which sounds like a yoga pose but is actually a sign that the price could drop to $1. On the weekly chart, though, it’s looking more optimistic, with a break-and-retest pattern that’s got traders buzzing. 🐝

There’s also a bullish pennant pattern, which is like a flag waving in the wind, signaling more gains if XRP can break above $3. If it does, we could see it soar to $5, which would be a 105% increase. But if it drops below $1.966, well, let’s just say the bulls will be crying in their beer. 🍺

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2025-03-25 17:43