ERIC TRUMP FUELS RIPPLE-SWIFT RUMOUR!

XRP's current price is $2.21, with a slight 0.4% gain in 24 hours. The cryptocurrency is trading within a narrow range of $2.19 to $2.25. However, market sentiment remains overwhelmingly positive, with 71% of Binance traders opening long positions, indicating a bullish bias.

Key Factors Influencing XRP Price:

Ripple-SWIFT Rumors: Eric Trump's comments suggesting cryptocurrency could replace SWIFT have fueled speculation about Ripple's potential role in cross-border payments. Ripple CEO Brad Garlinghouse has also expressed interest in modernizing the SWIFT system.

Technical Analysis: XRP's four-hour chart shows a symmetrical triangle pattern, indicating a potential breakout. If XRP clears the $2.30 hurdle, it could trigger an 11% rally to $2.50.

Market Sentiment: Ripple's open interest has surged to $3.75 billion, indicating positive sentiment. However, traders should be cautious of liquidation risks associated with high leverage.

Potential Price Targets:

Short-term: $2.50, potentially reaching $2.42 or even $2.50 if XRP overcomes immediate hurdles.

Long-term: Some analysts predict XRP could surge to $48 if Ripple captures a significant share of SWIFT's trillion-dollar cross-border payments industry.

Important Support and Resistance Levels:

Support: $2.20 and $2.12.#BinanceHODLerSTO #DigitalAssetBill #AltcoinETFsPostponed #Xrp🔥🔥 $XRP

Resistance: $2.25, $2.30, and $2.35