Rising Momentum in Ripple (XRP) as Major Investors Increase Holding
In the world of cryptocurrencies, XRP is making significant strides, playing an increasingly important role in global payments. Some analysts are drawing parallels between the current market structure and Ethereum's 2016 breakout, as XRP approaches the $3.3 resistance.
At the time of writing, XRP is trading at $3.23, having gained 8% over the past week. However, it has slipped 2% in the last day, showing a recent intraday action that has been notably narrow. The latest daily close is described as indecisive.
The XRP Ledger is gaining traction, with partnership activity, transaction volumes, and fintech engagement on the rise. Major banks and payment firms are embracing XRP for cross-border transactions.
Santander, SBI Holdings, Standard Chartered, American Express, PNC Bank, and Bank of America are among the institutions actively using RippleNet and XRP to streamline settlements and reduce costs. For instance, Santander's "One Pay FX" app leverages XRP to enable near-instant international transactions with lower fees, improving customer experience across Europe and Latin America.
SBI Holdings and its subsidiaries (SBI Remit, SBI Ripple Asia) apply XRP for rapid remittances in Asia, cutting transfer times from days to seconds and lowering costs for cross-border money transfers. Standard Chartered uses XRP for real-time payments in Asia, Africa, Europe, and the Middle East, reducing transaction times and foreign exchange fees.
American Express integrates XRP to enable instant settlements in over 130 countries with lower transaction fees. Bank of America is piloting Ripple's solutions to enhance international money transfers by accelerating fund movement and reducing fees.
The widespread institutional adoption—including over 300 banks on RippleNet handling billions in transactions rapidly—demonstrates XRP’s growing role as a cornerstone in modern banking infrastructure. This expansion enables faster settlements, lower FX and transaction fees compared to legacy systems like SWIFT, and improved liquidity management for banks and financial firms.
Expanding use cases including treasury operations, remittances, and potential CBDC interoperability position XRP as a fundamental link between traditional finance and digital assets. Furthermore, XRP’s increasing regulatory clarity (reclassification as a commodity in the U.S.) and innovations in tokenization support its emerging role as an efficient alternative in the $150 trillion global cross-border payments market.
The resolution of Ripple Labs' case with the US SEC has boosted investor confidence. Data from analyst Ali Martinez indicates large holders have purchased 320 million XRP in three days, worth about $1 billion at current market prices. Above the $3.4 resistance, MikybullCrypto projects XRP could reach between $6 and $8 before peaking in the current cycle.
As XRP continues to make inroads into the global payments sector, it is poised to transform cross-border payments by making them faster, cheaper, and more reliable, driving a gradual but significant shift away from slower, costlier legacy payment methods toward blockchain-powered solutions.
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