XRP’s Bullish Momentum: Eric Trump’s SWIFT Comments Fuel Breakout Speculation

XRP is currently in the spotlight as bullish sentiment sweeps the market, with prices trading at $2.21 and 71% of Binance traders holding long positions. Eric Trump’s comments at Token2049 about cryptocurrencies potentially replacing SWIFT have further fueled speculation, positioning XRP as a leading candidate for such a transition. This article delves into the factors driving XRP’s surge and what lies ahead for the digital asset.

Eric Trump’s SWIFT Comments Spark XRP Surge: What’s Next?

XRP is capturing investor attention as market sentiment tilts bullish. The cryptocurrency trades at $2.21, with a notable 71% of Binance traders holding long positions—a clear bet on breakout potential.

Eric Trump’s remarks at Token2049 ignited speculation, suggesting cryptocurrencies could displace the SWIFT system. Ripple’s XRP is viewed as a prime candidate for such a transition, though rumors of a Ripple-SWIFT partnership remain unconfirmed.

Ripple Tried to Buy Circle for $5 Billion: Here’s Why It Failed

Ripple’s ambitious $5 billion bid to acquire Circle underscores a strategic pivot toward dominating stablecoin infrastructure. The move highlights the intensifying race in the digital asset space, where control over payment rails and dollar-pegged tokens is becoming a key battleground.

Circle’s rejection of the offer signals confidence in its independent trajectory. With USDC’s market capitalization at $61.7 billion versus Ripple’s nascent RLUSD at $316.9 million, the stablecoin issuer appears committed to its IPO ambitions rather than becoming part of Ripple’s ecosystem.

The failed acquisition attempt reflects broader industry trends. Crypto-native firms are increasingly seeking consolidation to accelerate growth, while established players prioritize maintaining autonomy. This dynamic sets the stage for continued competition in the stablecoin sector.

Can XRP Recover Its Lost Momentum After the Ripple vs SEC Settlement?

The U.S. Securities and Exchange Commission has halted its legal proceedings against Ripple, marking a pivotal moment in a case that began in December 2020. While this signals a potential settlement, XRP’s path to reclaiming its former stature remains uncertain.

XRP has posted a modest 6.3% gain over the past fortnight, but the lawsuit’s impact extends beyond price. The SEC’s action five years ago triggered delistings from major U.S. exchanges, resulting in a historic 66.5% monthly plunge for the token.

XRP Isn’t Dead — Analysts Foresee Imminent Price Rally Despite Recent Volatility

XRP’s recent plunge to $2.15 triggered $13.9 million in long liquidations—a tenfold imbalance versus short positions—as overleveraged bulls were caught in a violent shakeout. The digital asset has since stabilized at $2.20, a critical support level that veteran traders interpret as accumulation before upward momentum.

John Squire and other analysts highlight XRP’s decade-long development cycle under Ripple Labs as fundamentally distinct from speculative altcoins. "This isn’t some meme coin capitulation," notes Squire. "The infrastructure’s been battle-tested since 2012." Market structure now suggests Leveraged washouts may be clearing weak hands for institutional accumulation.