XRP stabilized around the $1.09 level as buyers maintain support near $1.08, despite repeated sell-offs around $1.12 capping its recovery. The price action shows cautious investor behavior while testing resistance levels above one dollar.
SWIFT and R3 Collaboration Details
A recently surfaced video confirmed that SWIFT worked with blockchain company R3 to integrate Corda workflows with SWIFT gpi payments. This collaboration, however, does not confirm the adoption of XRP by SWIFT as a payment asset. XRP started featuring in discussions after the Corda Settler project selected XRP as its preferred asset for settlement.
Market Impact and Context
Despite the video confirming cooperation between SWIFT and R3, XRP’s price remains capped by selling pressure near $1.12, suggesting that the broader market remains skeptical about XRP’s immediate gains from this news. The token’s defense of the $1.08 support area indicates underlying demand but also highlights resistance challenges.
This article does not represent financial advice and is for informational purposes only.
