XRP Rallies on SWIFT Partnership, But Analysts Remain Cautious

XRP's price rose by about 1.6% following SWIFT's announcement of a blockchain payments pilot involving 17 banks, some connected to Ripple.

The pilot aims to test distributed ledger technology for international payments, but analysts caution that it may not directly boost XRP demand since SWIFT plans to use tokenized bank deposits rather than XRP as the settlement asset.

Institutional investors withdrew $7.29 million from XRP spot ETFs, the largest outflow since March 2026, and derivatives data show bearish sentiment remains. Technical indicators also suggest sellers still dominate, indicating XRP faces resistance despite short-term gains from the partnership news.