JPMorgan and SWIFT progress bank tokenized payments; the news sparked XRP to surge 49.4% in a single week, then pull back 2.2%. The momentum strategy validated by this piece of information is: institutions adopt bullish, news-driven upward moves—focus on the depth of the retracement rather than chasing higher prices. As long as the pullback does not negate the initial breakout’s big bullish candle, the trend structure remains intact.
XRP is currently trading at $1.44, down 5.0% over the past 24 hours, and is in the first retracement confirmation after the surge. The launch platform corresponds to the $0.96 area; the current price is still about 50% higher. Traders have paper gains, and there is sufficient safety margin for the long-term trend. On-chain data shows that the interbank settlement narrative has not disappeared. The $1.35–$1.40 range is a short-term observation zone—if it breaks down, this rally enters a cooling phase; otherwise, it can be viewed as a proper washout after the breakout. #XRP
XRP is currently trading at $1.44, down 5.0% over the past 24 hours, and is in the first retracement confirmation after the surge. The launch platform corresponds to the $0.96 area; the current price is still about 50% higher. Traders have paper gains, and there is sufficient safety margin for the long-term trend. On-chain data shows that the interbank settlement narrative has not disappeared. The $1.35–$1.40 range is a short-term observation zone—if it breaks down, this rally enters a cooling phase; otherwise, it can be viewed as a proper washout after the breakout. #XRP