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XRP price rises 1.6% after SWIFT launches blockchain payments pilot with Ripple-linked banks

Market News
09 Jul 2026
Crypto news
View Source
Neutral
XRP price rises 1.6% after SWIFT launches blockchain payments pilot with Ripple-linked banks

XRP's price increased by about 1.6% following SWIFT's announcement of a blockchain payments pilot involving 17 banks, including those connected to Ripple. The pilot aims to test distributed ledger technology for international payments, but analysts caution it may not directly boost XRP demand since SWIFT plans to use tokenized bank deposits rather than XRP as the settlement asset. Despite the price uptick, 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.

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