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XRP price rises 1.6% as SWIFT partners with Ripple-linked banks for blockchain cross-border payments pilot

Market News
09 Jul 2026
Coingape
View Source
Bullish
pluang ai news

XRP's price increased by 1.6% to $1.09 following SWIFT's announcement of a pilot project with 17 banks, some affiliated with Ripple, to test blockchain-based cross-border payments. Despite this partnership, SWIFT will not use the XRP token in its system, which limits bullish impact on XRP's price. Technical indicators show XRP trading below key moving averages, suggesting bearish momentum, and institutional interest remains low with significant outflows from XRP ETFs. The price could face downward pressure toward $1 or lower if selling continues, though easing geopolitical tensions might provide some support.

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