Analysts are examining the current state of XRP, which is in a consolidation phase around the $3 mark, while also predicting major changes in financial infrastructure.
XRP Consolidation Around $3
XRP is currently experiencing a significant consolidation phase around the psychological $3 mark. Analyst Galaxy views this not as weakness but as a constructive "breather" following a series of long-term breakout patterns. Galaxy highlights that XRP has just broken out of a "smaller symmetrical triangle" after emerging from an even more monumental 2,500-day symmetrical triangle.
This layered pattern of breakouts implies sustained structural strength rather than randomness in price movement. Galaxy emphasizes that a bit more consolidation around $3 is both natural and healthy for the token's trajectory.
SWIFT Predictions and XRP's Future
In a bold forecast that has been causing discussions in both finance and crypto circles, Sal Gilbertie, CEO of Teucrium, warns that the decades-old SWIFT system might be on the verge of collapse. Gilbertie points to Ripple's non-disclosure agreements (NDAs) as a potential catalyst for this historic shift, positioning XRP as the future of global payments.
According to Gilbertie, SWIFT's outdated infrastructure is under pressure to deliver real-time settlement, transparency, and lower costs, areas where XRP Ledger and Ripple already excel. If Ripple's NDAs unlock key partnerships or pilot projects, they could fast-track a watershed moment.
Conclusion and Scenarios
The future of SWIFT and the subsequent steps for XRP remain uncertain, but Teucrium's positions and Gilbertie's warnings signal that the financial world may be on the cusp of historic changes. Galaxy's analysis frames XRP's current price action at $3 not as a stall, but as a disciplined and healthy consolidation phase. If support levels hold, the path toward higher resistances could open.
The connection between XRP's state and potential changes in global payments creates intriguing prospects for further market monitoring.
