Ripple Sets Its Sights on SWIFT, Says Pantera Capital Founder
During a recent CNBC session, Pantera Capital Founder Dan Morehead made a striking prediction that Ripple is positioning itself to challenge SWIFT, the decades-old leader in cross-border payments.
Morehead’s comments underscore growing confidence in Ripple’s XRP network as a faster, more efficient alternative for global money transfers.
SWIFT, short for the Society for Worldwide Interbank Financial Telecommunication, has long dominated international banking messaging and transactions. However, its traditional infrastructure is often criticized for delays, high fees, and limited transparency, pain points that Ripple aims to address with blockchain technology.
Unlike SWIFT, Ripple’s XRP Ledger enables near-instant settlements with minimal transaction costs, offering banks and financial institutions a compelling reason to reconsider their reliance on conventional systems.
Amid rising institutional adoption, XRP is attracting major financial players, signaling that digital assets are becoming integral to mainstream banking. Ripple’s expanding network of partner banks and payment providers positions it to seize a significant share of the $150 trillion global cross-border payments market.
Morehead’s remarks highlight a potential breakthrough in cross-border payments. Ripple stands poised to challenge SWIFT’s decades-long dominance, offering faster, more transparent, and cost-efficient international transactions. For investors and institutions, the signal is unmistakable: blockchain-powered payments are here, and Ripple is at the forefront.
XRP Eyes $3.6 Following Strong Consolidation Above $2.8
XRP is showing resilience after a strong bullish rally, consolidating near the $3 mark following a significant upward move from the $2.35–$2.65 range, according to market analyst Anasta. The cryptocurrency’s recent performance reflects growing investor confidence, even as it encounters resistance at higher levels.
After surging past $2.65, XRP has faced some rejection near the $3 threshold. However, Anasta notes that the underlying market structure remains healthy. Consolidation at this level is seen as a natural pause in the uptrend, allowing the market to digest gains and build momentum for the next leg higher.
The key support level to watch is $2.8 because holding above this threshold is critical for sustaining bullish sentiment and enabling further upward movement.
Technical indicators suggest that XRP’s momentum remains intact. The consolidation phase near $3 is characterized by moderate trading volume, signaling that buyers are holding their positions rather than exiting amid short-term resistance.
Anasta believes this balance between buyers and sellers provides a solid foundation for the next potential breakout. Should XRP maintain support above $2.8, a renewed push toward the $3.4–$3.6 zone could be expected in the coming sessions.
The analyst notes that despite short-term volatility, XRP’s market structure favors further gains. Key levels to watch: $2.8 support and $3.0 resistance. A decisive break above $3.0 could spark renewed buying, targeting $3.4–$3.6.
At the time of this writing, XRP was trading at $3.02, representing a 1.4% increase in the past week, according to CoinGecko data.
Conclusion
XRP’s consolidation near $3 represents a healthy phase in an ongoing bullish trend. Holding above $2.8 is crucial, as it could set the stage for a significant rally, potentially bringing XRP closer to $3.6 in the near term.
On the other hand, Ripple’s push to challenge SWIFT marks a pivotal moment in the evolution of global payments. With faster transactions, lower costs, and growing institutional adoption, XRP is positioning itself as a viable alternative to legacy systems.
