- Fedwire Upgrade Sparks XRP Blockchain Buzz
- XRP Eyes $2.55 as Wedge Pattern Forms
- Ripple-SWIFT Rumors Fuel $24 Price Target
Ripple’s XRP is drawing attention again as new developments suggest a possible integration into the U.S. Federal Reserve’s payment infrastructure. XRP continues to trade above crucial support levels, and bullish market sentiment is increasing. Analysts believe XRP is now positioned for a strong upward move in the short term.
Federal Reserve Developments Create Market Buzz
According to an observation by CryptoGeek, a Federal Reserve document outlines plans to explore blockchain use in banking systems. The Ripple network is mentioned as one of the potential options to connect traditional financial services with decentralized finance.
This has created speculation that XRP could be adopted for cross-border settlements.An upgrade to the Fedwire Funds Service is expected on July 14, which has added to the momentum. Some analysts believe this timeline could align with blockchain integration.
Ripple’s status as a U.S.-based company improves its chance of being selected for official use by the Federal Reserve.There are also reports that Ripple may be collaborating with SWIFT. If confirmed, this would further increase XRP’s utility in global financial systems.
XRP Technical Structure Aligns With Potential Breakout
XRP is currently trading at $2.09, positioned just under key resistance zones. On the daily chart, the token is attempting to break out of a descending wedge pattern. A move above $2.21, which aligns with the 50-day exponential moving average, could shift momentum into bullish territory.
The RSI and MACD indicators are rising but remain below critical thresholds. Meanwhile, XRP has defended support at the 200-day EMA, and the next resistance stands at $2.55. Analysts monitoring the wave structure suggest a temporary dip may occur toward $1.53 before any parabolic rise begins.With ETF speculation growing and macro interest aligning, XRP may be on the verge of a price surge not seen since its 2021 highs.
