Ripple XRP HUGE NEWS: Swift Global Payments Just Dropped the Ball (What's Next for XRP & Crypto)

Swift just shocked many investors with their latest announcements surrounding new payments infrastructure and their ties to Central Bank digital currencies and for quite some time many folks in the xrp communities have been speculating one of two things first that Ripple technology in xrp will either replace Swift as one of the largest providers of global remittances and money transfers or it will partner with Swift and provide better technology and blockchain infrastructure as an additive to their already robust business worldwide now either one of these would be massive as Swift is largely responsible for moving trillions of dollars between institutions each year providing a strong fee-based business model for ripple while also providing a corridor for much of that value to work its way into the xrp ecosystem which would likely increase the price of the xrp token and as of 2018 around half of all high value crossb payments worldwide used the Swift Network and in 2015 Swift linked more than 11,000 financial institutions in over 200 countries and territories and that has grown so in this video we'll be covering what these major developments over at Swift are and whether or not they're either feasible or any of those theories and outcomes are possible we'll also be covering ing the fed's coming rate cut why it's such an important upcoming event for markets and what some really smart economists think will happen here on the 18th of September finally we'll dive into the most recent price action on xrp to help you get a better picture of what's going to happen in crypto markets and what's next for the xrp token so if you're feeling blessed in bullish comment 777 and if you're going to be the richest person in your family tree smash the Subscribe button before we dive in a quick reminder that the opinions in this video are for informational and educational purposes only and do not constitute Financial legal or investment advice all Investments including cryptos carry risks and potential losses always do your own research and consult with the licensed financial adviser we are not licensed financial advisers and relying on our content for financial decisions is at your own risk by watching this video you agree we are not responsible for any losses or damages and we do not guarantee any specific results or outcomes some of the links below may be affiliate links and we may earn a commission which actually helps support this Channel and helps us to create value-based videos like this we also hold some positions in the cryptocurrencies that we talk about but that's only because we do what we believe in however this should not be interpreted as a recommendation for you to do the same with that said let's get into the video now before we dive into the major announcements surrounding Swift and the price of xrp and where we're at what we think's going to happen I do want to cover the macroeconomics of the first upcoming rate cup here on September uh from the fed and the reason I want to cover that is because it is a major driving force in markets and it's going to be the very first that we've had in years so this is kind of a big deal okay markets have been really resilient this is the price action of the S&P 500 our most recent high sitting at about 5670 and we've broke down pretty hard back in August 5th only to see the market rally right back up to that previous all-time high break down yet again on September 6th a month later and then rally super hard uh into the recent talks from the FED then we saw the market break down again on Friday September 6th only to Rally extremely hard on a very cool inflation reading inflation came down from about 2.9% to 2.5% below expectations and has rallied the rest of this week uh because people are really buying into this First Rate cut now markets are thinking or pricing in a 33 to a 34% chance that we are going to see a 50 basis point rate cut uh from down from 550 basis points so that's basically half of a percent uh and then the rest of the market when you look at Poly markets is pricing in a 25 basis point decrease or rate cut so I do believe this is more likely I do believe that although this is possible a 50 point uh rate cut it will also spook markets and I think markets would be more likely to sell off so people like Jerome pow up here are far more likely to want to be predictable and not to Spook markets so for that reason I do believe we are going to see a 25 basis point rate cut and I do believe because it's such a small rate cut but it's also going to give confidence to markets uh that we're finally going to uh you know lower the cost of borrowing and servicing on debt that companies are going to have a little bit of breathing room the consumer is even going to have a little bit of breathing room and ultimately the entire economy will as well so markets are very likely to Rally into this First Rate cut coming up next week uh and that's what I would be buying into and I think that's why we've seen some very positive price action across all markets whether it's the S&P 500 or whether it's Bitcoin or in this case even xrp now this wouldn't be an unbiased uh you know news source if we didn't actually share the other side of things right in this article from Investopedia uh the question has been asked has the Federal Reserve waited too long to cut interest rates now because they kept interest rates so high for so long it really tightened up the economy everyone just wasn't borrowing uh Banks weren't loaning money and now you know because things have gotten really weak in terms of the job or the labor market uh you know they're wondering is it too late to save it now right because this is going to be a lag just because they're cutting rates right now doesn't mean that the whole economy isn't going to feel the effects of what happened 6 months prior right and so in this article they're saying typically the FED always waits too long and it's likely that this will be the case with this fed wrote Dan North senior Economist over at Alliance yet again uh Bill Adams the chief Economist at commerica said that a strong jobs Market data helped motivate the FED to keep interest rates elevated but guess what we actually had a lot of revisions and the job market actually wasn't as strong as we previously thought and so that was a major blow to markets and arguably confidence uh yet markets are still resilient they're still rallying so that's a good thing to see but at the end of the day we have to take into consideration the jobs Market is really getting crushed uh but with the downward revisions and some of the data the labor market is weaker than it appeared and so because of this according to some estimates current interest rates could be as much as two percentage points too high in other words 200 basis points so we would need about four rate cuts at 50 basis points a pop into January in order for markets to act or for the FED to catch up to where markets are at is what they're saying uh which could be as much as two percentage points too high for current economic conditions meaning that the the FED officials may need to play catchup but if the FED officials do this too fast then that's also going to Spook the markets and be an indicator that things are really bad or really weak and it will cause a massive sell-off in the markets so there really is no right approach to this I do believe the FED has done a little too little too late however on the flip side if they do too much too fast uh either way the markets are going to sell off so you know damned if you uh do damned if you don't is essentially the position they're in and so this is why many people call it threading the needle is it possible that Jerome pal and the FED are going to thread the needle for a quote unquote soft landing and to be honest I'm not too sure but here's what I do expect I do expect us to Rally uh potentially put in some new all-time highs in the Trad five market so you know traditional Finance S&P 500 QQQ whatever uh and you know in that uh same respect I do expect Bitcoin and xrp to follow suit because they're highly correlated as risk on asset classes now on to the massive news from Swift and yes we did find the actual link on their website but I think this article sums it pretty well so here is the link on the Swift website directly uh September 11th 2024 if you want to go and find it over there uh in their news however I'm just going to read a few of these things which sound eerily similar to the same solutions that xrp can and will provide Swift has announced a new initiative on September 11th to streamline glob Global transactions and enable members to use their swift connection for transactions involving both traditional emerging asset types such as crypto um the new initiative will focus heavily on the global trading of real world assets again this is a major thing that is going to continue to grow into 2034 as they expect it to be a $30 trillion Market cap this is obviously something that xrp or the team over at Ripple has noticed uh and they are also working on solutions for real world assets and tokenization that said inclusivity and interoperability are Central pillars of the financial ecosystem this effort will initially use Fiat currencies and is later planned to involve into incorporating Central Bank digital currencies tokenized Commercial Bank Mone and regulated stable coins so again all very familiar stuff if you're familiar with ripple and their Technologies and so it seems that Swift and ripple see the future and they're both moving in the same direction if you go directly to the Ripple site you can see that they're already working on releasing their RL USD stable coin that is going to be a massive portion of the business considering just this last year usdt uh I believe made about $6.1 billion while a massive company the biggest asset manager in the world Black Rock pulled in $5.5 billion uh and and this is insane because you know Black Rock has thousands of employees whereas usdt had about a 100 employees so their operating expenses are far lower uh they have far less quote unquote assets under management if you will or things to look out for in terms of their dollars yet at the end of the day they are far more profitable and that market is expected to go grow to at least $3 trillion over the next 5 years so again this is a massive opportunity for players like Ripple and where Swift is headed that said Ripple also provides cbdc platforms okay they recently created a stable coin for palao now palao is a very small player but if this goes and run successfully then it's going to provide uh I would say a path forward for other governments to want to adopt Ripple technology now because there are so many similarities between what Ripple and Swift are trying to accomplish that's where the theories start to arise is you know are they going to use Ripple technology over at Swift is there going to be a buyout will there be a partnership will ISO 222 be the you know way that Ripple really takes over the Global Financial World well at the end of the day we're not 100% sure and I know that's not the answer everyone wants but based on the information and research that i' done the answer is probably no Swift is going to be its own business trying to rule and dominate the market as it always has while it improves its technology and ripple is going to be a disruptor in the space and when you look at Ripple technology versus Swift technology Ripple technology is technically better but that doesn't mean they have a large portion of market share and here's an older article where Swift and our 3 which is another blockchain company have developed a proof of concept that links Swift's Gip payments Network which is an old system of the payments network with r3's Corda platform to monitor payment flows however absent from an announcement was any clear statement that Ripple's company would play any role in that partnership much less introduce its xrp cryptocurrency to the Swift network of financial institutions and at the end of the day sounds kind of silly right why wouldn't they adopt Ripple well at the end of the day they are both businesses they're both in the business of keeping clients keeping customers getting more of them and making money but when you actually compare Ripple to Swift the Ripple payments protocol is known for an exceptionally fast infrastructure relying on a consensus-based algorithm to secure transactions Ripple's Network executes and finalizes transactions in 3 to 5 Seconds however Swift transfers between uh you know First World countries and well-connected Banks may pass within 1 to two days while low resource Nations might take up to 5 days to be cleared additionally most Swift payment timelines don't include business days meaning that if you transfer across a weekend you'll likely need to wait an extra two days at the same time Ripple has far smaller fees while Swift fees you know range anywhere between $10 to $50 so across the board Ripple does take the CI here however since this article was written things have improved over at Swift due to their ISO 222 standard in what marks a significant milestone in delivering its strategy for instant and frictionless transactions sounds very similar to blockchain and ripple Swift has enabled financial institutions to capture Rich data at Source by standardizing the payment end to end with ISO 222 ISO 222 is richer more structured data facilitating Automation and Reconciliation and drastically reducing integration costs now for those of you guys who've maybe heard this over and over and over again maybe you're on social media platforms like X you read some influencer share information on this and this is the standard it's going to change the world and how xrp is the IT thing at the end of the day this is just a standard for transferring um data now let's just look at what chat GPT actually has to say about it ISO 222 is an internet ational standard it's just a standard that's all it is for electronic data interchange between financial institutions so when you think about companies like Oracle which made Larry Ellison one of the richest men in the world it's just standardizing data and information which is extremely important in The Internet of Things it provides a Common Language and model for financial messages across different systems and organizations enabling more efficient and standardized communication in financial transactions ISO 222 covers is a wide range of financial processes including payments Securities trade and foreign exchange this is the standard that they've been moving towards and I would argue blockchain solves this problem but that doesn't necessarily mean it solves the problems of of you know crossb transactions worldwide when it comes to regulatory issues and just a standard of communication because each blockchain can't just communicate with each other right that's why we have Bridges and there's a lot of issues with bridges in terms of security so if we really want a standard for all sorts of different Central Bank digital currencies to communicate and transact different banks all around the world to communicate and transact they all have to be on the same standard many people argue well that is Ripple however Ripple has a lot of big players to take out first Swift being one of them so you know there are some Silver Linings here but my theory is that they are currently competitors and there could be a potential for a partnership but as of now I've looked there are zero Partnerships the only partnership that I found is R3 uh with their blockchain technology which is a blockchain technology company uh and Swift now here is the 2023 yearly or annual report over from Swift and yes things have been improving in 2023 they made strong progress towards achieving goals in fact inflight speed on our network is already ahead of expectations with 89% of transactions reaching recipient Banks within an hour so back in the day right we were looking at uh you know two to five business days right very slow settlements now it's literally 89% of transactions and we're talking over trillions of dollars within an hour and 50% of those getting in five minutes or less again not as efficient as let's say Ripple uh and that you know the blockchain technology that they offer however they are working on improving so it's one of those things that it doesn't seeme that they're actually facilitating or using Ripple technology as of right now again that's potentially a bummer but here is the silver lining the fact that Ripple is still a far better option which would lead Banks to want to start to adopt the Ripple standard okay which will probably build in some value into the xrp token in the future or at least Drive eyeballs and traffic to that token uh but the fact that you know these guys are still far slower and less efficient and it's going to take some time but it's also hard for countries and uh Banks to want to switch right so one of the real crypto partners of Swift and again this is from swift.com so you can't not verify this is a very recent article titled Swift unlocks potential of tokenization with successful blockchain experiments one issue challenging investors and institutions is that tokenized assets are managed on different blockchains so here's a good piece of education for you guys if you're interested in how Ripple is trying to dominate the world of global remittances each with its own functionality and liquidity profile interoperability is just communication between different blockchains is crucial otherwise financial institutions must build connections to each platform creating significant operational challenges and cost working with more than a dozen financial institutions and market infrastructures and chain link which is a blockchain company right uh which is really an oracle or a data company a leading web3 Services platform Swift has successfully demonstrated that it can provide a single point of access to multiple networks using existing secure infrastructure thereby significantly reducing operational challenges and Investments required for institutions to support the development of tokenized Assets in other words they're trying to keep their customers they're trying to improve their technology and infrastructure they are using chain link they've used R3 but I have yet to find a verifiable uh claim to the fact that Ripple and uh you know Swift are connected I have seen two different articles both were uh completely false uh and then they had promotions down below for different things uh crypto alert is not a good source of information I found uh and no other credible sources of information double verify the claims that are made on there they just kind of take any headline that people potentially want to talk about and then they make up an article so very difficult to find any real things the only real things I found are directly from the Swift website itself so it's very important to verify your information when you're looking for it so again there is a silver lining though alongside R3 Ripple has long been touted as a front runner to partner with Swift and the announcement from the Swift trial with r RP R3 appears to be a blow to Ripple but that doesn't mean Ripple is out of the running yet and now with the regulatory Clarity okay and especially with you know no appeal coming up probably in October 6 it seems that that's probably off the table that uh xrp and triple are finally going to have complete and total regulatory Clarity to move forward and I think that will provide a path forward for a major player like Swift to say you know what we have some great standards over here yes we've worked and they spent probably a lot of money to integrate ISO 222 into their ecosystem and platform but at the end of the day in a global world where companies are competing and the best technology wins Ripple seems to be a better technology and so it is very much much possible and potential that Ripple will be a player here in the near future and if not they will start to dominate in terms of getting new Banks new customers and new organizations to use their blockchain technology so all very bullish things for ripple and xrp and as of today xrp is up a bit right uh we saw some pretty strong price action again about the same day that we saw inflation drop quite tremendously or cool uh but we are still still below this trend line and you could argue it's somewhere right around here right we're trying to hit as many of these highs as we possibly can so as long as we start to break above this green trend line we're just near to the top of it things are looking good we also have a series of higher lows uh from the local low on July 5th uh yet again I believe on the Japan JB uh issue okay and yet again over here on September 7th so we are starting to paint a triangle and it seems unless we break back down to 54 cents things are looking really hot for xrp however volume is not truly confirming this breakout so I would like to see volume go above average which is about 5.8 million on the bit stamp exchange uh we did see the stochastic RSI cross over uh and I would hope we start to chill just for a day or two so this thing can cool off before making a new high uh from a weekly time frame again very straightforward we want to break above that 65 to 75 cent range this is the range to beat if we do not beat this range at some point here in the near future or break above it uh then Ripple truly is weaker than we would have expected which at that point I would expect it to break back down to at least 42 cents if not lower so this is the range to break to okay uh we're talking 67 cents up to 75 in that range if we see Ripple hit that we start to see some volume enter the space as you can see volume is consistently declining even from a weekly time frame which is not a very good indicator that we're seeing a lot of institutional support right now however we are seeing a lot of strong um retail support these are retailers who are simply holding they're not selling yes the token looks relatively strong to bitcoin uh and if I pull it up from a weekly time frame not too sure but I'm pretty sure from a daily time frame so from a weekly time frame it is relatively weak compared to bitcoin however from a daily time frame we are relatively strong and we've been stronger than Bitcoin since July 12th of this year so this entire range right here has been stronger than Bitcoin but for the year it has been weaker but at some point in time when we see a breakout here xrp moves in explosive ways right I mean we saw it here on July July uh 13th of 2023 on the uh outcome of that lawsuit we've seen it again right over here through December 20th through April of 2021 and of course we saw it back in those early days of 2017 to 2018 so xrp is far more explosive than Bitcoin uh and it has failed to be explosive for a long period of time since April of 2022 so we're talking a period of over 2 years now something's going to have to break something's going to have to happen and just seeing the fact that we have so much volume down here in terms of support right this vvp is insane from 38 cents down to 35 cents I just don't see any way we could break down well below there even in some Black Swan event I think even if we Wicked down here to 30 cents right it would get bought right back up so if for whatever reason we break down between 47 cents to 34 to 30 C even I would be backing up the truck to buy more xrp because at that point in time I do believe we've had our final capitulation and leg down before we start to break for some new alltime highs so if you enjoyed the video and you learned something new go ahead and smash that subscribe button like the video it really helps the channel 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to share this with you guys we wouldn't be sharing with our community if we weren't very confident that you could get some level of a benefit with it in the case of xrp right you're already going to hold it you might as well put it to work so go to Bull runners.com I look for to seeing you on the other side and thanks so much for watching the video I'll see you next time