XRP Eyes $5: Monthly Chart Signals a Bullish Momentum as Banks Join Ripple Revolution

As the crypto market experienced downtrends and slumps in the past few weeks, XRP also remained consolidated. However, now, with a market-wide uptrend, XRP is also moving up. As of writing this, XRP has reached $2.45 and has recorded a daily increase of  2.8%. This price shows a comfortable distance from the crucial $1.97 support and also a big distance from $3.31. This price point, which was reached on January 18,  is the recorded all-time high for XRP in 2025. However, some analysts believe that this high will soon be broken as XRP reaches systematic adoption.

Ripple Rising: XRP Could Replace SWIFT in Global Banking

John Squire, a well-known crypto analyst, has shared his prediction for the future of the XRP network in the financial systems. He claimed that as SWIFT reaches its 50th year of dominance in the financial transactions space, it has become obsolete. He further argued that this system is inefficient, slow and expansive, making it an outdated financial system. He compared SWIFT to the Ripple financial system, which will “settles in real time for under a penny”. As such, he mentioned that progress is not chosen but rather needed. This is because now Central Banks will be forced to use XRP to stay competitive.

The SWIFT system is a global financial connection between thousands of banks and processes $150 trillion in transactions per day. However, the transaction costs are high in this system, with some taking more than $50 in fees. Moreover, the settling times aren’t good either, as many transactions take more than a week to end. This is where Ripple shines, as its faster and cheaper On-Demand Liquidity system will make international transactions more efficient.

The Ripple Effect: Why XRP Might Be Ready to Hit $5

As the SEC recently ended its case against Ripple, this system is ready for widespread adoption. Ripple has also been looking for the opportunity to replace the old system, as it has secured partnerships with 300 institutions. Now that the fears of a legal and regulatory takedown are behind us, Ripple’s adoption will undoubtedly accelerate. Brad Garlinghouse, the company’s CEO, also mentioned the increase in the Ripple banking partnerships system. 

XRP Signals Bullish Momentum as Banks Join Ripple Revolution

He hinted at the increasing number of Banks that are using the Ripple system now. “Ripple’s already working with multiple central banks. Some deals are public… others still under wraps.” The crypto expert John Squire also commented on this statement and said that Garlinghouse had warned us. He continued his statement and stressed that now, without SEC, Ripple banking partnerships. There are also technical XRP bullish signals that suggest now is a good time to invest in this token.

Chart 1 – provided by crispus9, published on Tradingview, March 24 2025

We can also see XRP bullish signals in the monthly price movement chart. Based on Chart 1, the XRP token’s highest price point in April 2021, $1.97, is now an important support level. The coin’s all-time high of $3.40 was reached in November of last year. For months now, XRP has kept above the important support of $1.97 and 25-month and 15-month moving averages. As such, the XRP token is likely ready to test the resistance level of $3.40; if successful, the next resistance will be $5. 

How XRP Is Becoming the Ultimate Crypto Powerhouse

Ripple’s network is also projected to see immense growth as more institutions partner up with XRP. This is because XRP is now known as a store of value, which is Bitcoin’s main functionality. Additionally, this network can also host smart contracts, which Ethereum is known for. As such, although its ecosystem and network seem limited now, it is set to grow rapidly. XRP network also has better features and capabilities than ETH, as it can handle 50,000 transactions per second. This is much higher than the ETH network’s 15-30 transactions per second.

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