{"id":374479,"date":"2019-03-12T18:00:47","date_gmt":"2019-03-12T18:00:47","guid":{"rendered":"https:\/\/wncen.com\/?p=374479"},"modified":"2024-06-11T21:14:44","modified_gmt":"2024-06-11T21:14:44","slug":"ripple-swift-direct-partnership-slim-md-points-at-hard-numbers","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-swift-direct-partnership-slim-md-points-at-hard-numbers\/","title":{"rendered":"Ripple&#8211;SWIFT Direct Partnership Slim, MD Points at Hard Numbers"},"content":{"rendered":"<ul>\n<li><em>Ripple price recover<\/em><\/li>\n<li><em>SWIFT is dominant, moves $300 billion a day<\/em><\/li>\n<li><em>Participation levels low, likely to rise as XRP prices edge higher.<\/em><\/li>\n<\/ul>\n<p><em>SWIFT partnership with Ripple in an arrangement that incorporates xRapid will cause XRP prices to explode. All the same, SWIFT is confident that they are dominant and are not willing to join forces citing numbers. Meanwhile, Ripple (XRP) prices are edging higher and could close above 34 cents in days ahead.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>In a proof of concept, SWIFT did link their GPI Link with R3\u2019s Corda Settler\u2014owned in part by SBI Group, the chief agitator for Ripple and XRP. It was understandable that many Ripple supporters were excited that SWIFT was finally ready to fuse with the XRP Ledger and even use XRP for their cross-border service.<\/p>\n<p>No doubt, benefits will flow in thick and fast if they do especially now that Ripple through xRapid has proven that their solutions are superior, cost-cutting and above all fast. It\u2018s a feature that we get in all DLT projects and something that SWIFT\u2019s Lisa O\u2019Connor, the MD, is not worried about as \u201cnumbers speak for themselves.\u201d<\/p>\n<p>In an interview with the popular news churning <a href=\"https:\/\/www.cnbcafrica.com\/category\/tv-shows\/crypto-trader\/\" rel=\"nofollow\">CNBC\u2019s Crypto Trader<\/a>, the executive oozed confidence, conveying a subtle message that Ripple has a long way to go before being a primary challenger for the dominant network.<\/p>\n<blockquote><p><em>\u201cI would just say that I think the numbers speak for themselves, in that the old days of it taking several days to make a payment cross-border don\u2019t exist anymore. And outside of that, Swift has something called GPI, the Global Payments Innovation. I would say the numbers speak for themselves in that $300 billion a day is done across the Swift network.\u201d<\/em><\/p><\/blockquote>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-374480\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-12.png?resize=1280%2C1024\" alt=\"Ripple\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-12.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-12.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-12.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-12.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-12.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-12.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Like it has been with XRP in the last couple of weeks, prices are stagnant. Trading within a tight 4 cents range, the failure of bears to drive prices below 30 cents, our sell trigger and support line is bullish for the third most valuable coin.<\/p>\n<p>Now that prices are in range mode, trading inside Jan 30 high low as participation levels drop, all we expect is a high-volume close above 34 cents. Not only will it catalyze participation but will trigger renewed in XRP as prices gain momentum as prices surge towards 40 cents.<\/p>\n<p>On the other hand, any drop below 30 cents nullifies our <a href=\"https:\/\/wncen.com\/2019\/03\/11\/ripple-xrp-squeeze-a-major-breakout-is-on-the-cards\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ripple (XRP) trade plan<\/a>.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Volumes are thin, and despite increasing demand in lower time frames, we need proof of XRP demand. That means a satisfactory close above 34 cents complete with volumes exceeding 14 million and 61 million of Feb 24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price recover SWIFT is dominant, moves $300 billion a day Participation levels low, likely to rise as XRP prices edge higher. SWIFT partnership with Ripple in an arrangement that incorporates xRapid will cause XRP prices to explode. All the same, SWIFT is confident that they are dominant and are not willing to join forces citing numbers. Meanwhile, Ripple (XRP) prices are edging higher and could close above 34 cents in days ahead. Ripple Price Analysis Fundamentals In a proof of concept, SWIFT did link their GPI Link with R3\u2019s Corda Settler\u2014owned in part by SBI Group, the chief agitator for Ripple and XRP. It was understandable that many Ripple supporters were excited that SWIFT was finally ready to fuse with the XRP Ledger and even use XRP for their cross-border service. No doubt, benefits will flow in thick and fast if they do especially now that Ripple through xRapid has proven that their solutions are superior, cost-cutting and above all fast. It\u2018s a feature that we get in all DLT projects and something that SWIFT\u2019s Lisa O\u2019Connor, the MD, is not worried about as \u201cnumbers speak for themselves.\u201d In an interview with the popular news churning CNBC\u2019s Crypto Trader, the executive oozed confidence, conveying a subtle message that Ripple has a long way to go before being a primary challenger for the dominant network. \u201cI would just say that I think the numbers speak for themselves, in that the old days of it taking several days to make a payment cross-border don\u2019t exist anymore. And outside of that, Swift has something called GPI, the Global Payments Innovation. I would say the numbers speak for themselves in that $300 billion a day is done across the Swift network.\u201d Candlestick Arrangements Like it has been with XRP in the last couple of weeks, prices are stagnant. Trading within a tight 4 cents range, the failure of bears to drive prices below 30 cents, our sell trigger and support line is bullish for the third most valuable coin. Now that prices are in range mode, trading inside Jan 30 high low as participation levels drop, all we expect is a high-volume close above 34 cents. Not only will it catalyze participation but will trigger renewed in XRP as prices gain momentum as prices surge towards 40 cents. On the other hand, any drop below 30 cents nullifies our Ripple (XRP) trade plan. Technical Indicators Volumes are thin, and despite increasing demand in lower time frames, we need proof of XRP demand. That means a satisfactory close above 34 cents complete with volumes exceeding 14 million and 61 million of Feb 24.<\/p>\n","protected":false},"author":384,"featured_media":338325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,5699,4531],"class_list":["post-374479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-swift","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple--SWIFT Direct Partnership Slim, MD Points at Hard Numbers<\/title>\n<meta name=\"description\" content=\"Ripple price recover SWIFT is dominant, moves $300 billion a day Participation levels low, likely to rise as XRP prices edge higher. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple&#8211;SWIFT Direct Partnership Slim, MD Points at Hard Numbers","url":"http:\/\/wncen.com\/news\/ripple-swift-direct-partnership-slim-md-points-at-hard-numbers\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple-swift-direct-partnership-slim-md-points-at-hard-numbers\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","swift","xrp"],"dateCreated":"2019-03-12T18:00:47Z","datePublished":"2019-03-12T18:00:47Z","dateModified":"2024-06-11T21:14:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple&#8211;SWIFT Direct Partnership Slim, MD Points at Hard Numbers\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-swift-direct-partnership-slim-md-points-at-hard-numbers\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-swift-direct-partnership-slim-md-points-at-hard-numbers\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/ripple.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/ripple.jpg?fit=1280%2C640\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"swift\",\"xrp\"],\"dateCreated\":\"2019-03-12T18:00:47Z\",\"datePublished\":\"2019-03-12T18:00:47Z\",\"dateModified\":\"2024-06-11T21:14:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/374479"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=374479"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/374479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/338325"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=374479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=374479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=374479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}