The post Ex-SWIFT Executive Rejects XRP Integration Claims: “Not Happening” appeared on BitcoinEthereumNews.com.
Former SWIFT executive Tom Zschach rejects claims that the network plans to integrate XRP. Viral XRP rumors lacked official evidence, with no SWIFT statement confirming support. Zschach’s latest remarks reinforce his long-standing skepticism toward Ripple and XRP. Former SWIFT Chief Innovation Officer Tom Zschach has dismissed claims that the global financial messaging network plans to support or integrate XRP. The rumors spread after an XRP community post suggested that SWIFT would support public digital assets like XRP instead of creating its own cryptocurrency. Zschach responded with a short but direct statement: “Not happening.” His reply pushed back against claims that SWIFT planned to work with XRP-based payment infrastructure rather than compete with it. Viral XRP Claims Had No Supporting Evidence XRP community figure SMQKE shared excerpts from an alleged document cla
The post Ripple Cuts RLUSD Ethereum Supply to $692 Million appeared on BitcoinEthereumNews.com.
According to recent data from Ripple Stablecoin Tracker, Ripple USD (RLUSD) supply on the Ethereum network has shrunk to about $692 million as Ripple continues to adjust the stablecoin’s circulating supply through token burns. At the start of July, RLUSD supply on Ethereum was above $727 million; now this figure has decreased, with millions in Ripple USD burned on the Ethereum network in the last seven days. $115.4 million was burned on the Ethereum blockchain in the last seven days as seen on the Ripple Stablecoin Tracker website, while $49.3 million was minted in the same timeframe. On July 29 alone, $25.9 million was burned on the Ethereum blockchain while $6.2 million in RLUSD was minted. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy The last 30 days saw significa
The post Swift’s New Blockchain Ledger Targets $315B Stablecoin Market With 17 Banking Giants appeared on BitcoinEthereumNews.com.
Key Takeaways: Swift has enabled its ledger, and 17 major banks are looking forward to testing out cross-border payments tokenized. The platform allows for direct 24/7 transfers between the money and the tokenized deposits, and preserve the same banking compliance and settlement processes. The move is among the stiffest challenges by traditional finance to the burgeoning stablecoin business. Global banking network Swift has officially transferred its blockchain ledger from development to deployment, paving the way for real bank-to-bank payments far easier and quicker to make, working 24 hours a day, cross-border. The launch follows a little over a year since the project was announced and represents a considerable stride toward making blockchain-based financial infrastructure mobile. 17 Global Banks Join Initial Pilot In total, 17 banks from six continents a
The post XRP Price Prediction: Analyst Maps Rally to $2.55 as Macro Accumulation Zone Holds appeared on BitcoinEthereumNews.com.
XRP continues to trade in a consolidation phase, with technical analysts divided between a cautious short-term outlook and an increasingly constructive long-term picture. While current market indicators point to limited momentum, several chart analysts argue that the XRP price remains within a historically significant accumulation zone that could support a broader recovery if key resistance levels are reclaimed. XRP price holds key macro accumulation zone A long-term XRP/USDT chart shared by an independent market analyst suggests that the current consolidation may represent a classic accumulation phase rather than the start of another bearish leg. A major horizontal resistance zone between $2.50 and $2.60 remains the key long-term hurdle, serving as the primary macro target and structural ceiling for the current market cycle. Source: Lingrid on TradingView Ac
The post Analyst Says XRP’s Billion-Dollar Unlock Is Old News, Ripple’s Bank Ambitions Aren’t appeared on BitcoinEthereumNews.com.
The post Analyst Says XRP’s Billion-Dollar Unlock Is Old News, Ripple’s Bank Ambitions Aren’t appeared first on Coinpedia Fintech News Ripple released roughly $1 billion worth of XRP from its escrow this week, an amount large enough to catch the attention of traders watching the token’s price action closely. Asked how to interpret the timing, given XRP’s recent price weakness, one analyst pushed back on the idea that the unlock signals anything unusual. “This is … Source: https://coinpedia.org/news/analyst-says-xrps-billion-dollar-unlock-is-old-news-ripples-bank-ambitions-arent/
The post Bitcoin Reclaims $64K Despite Strategy’s New Sale and Resumed US-Iran Strikes: Weekly Recap appeared on BitcoinEthereumNews.com.
Meanwhile, Ethereum is back at $1,800, SOL is struggling to maintain $80, while XRP has defended the $1.10 support. It was another eventful week in the cryptocurrency markets, dominated by negative news, but BTC has somehow managed to stay afloat and mark some gains. Recall that bitcoin began its recovery last weekend after it had dipped below $58,000 earlier that week for the first time in nearly two years. However, it quickly rebounded and reclaimed the $60,000 resistance. It kept climbing on Friday and Saturday and tapped $63,300 before it retreated slightly to $62,500 on Sunday. Monday started on the right foot, with a surge to $64,000 for the first time in two weeks. However, the largest corporate holder of bitcoin announced its second sale in under two months at that point, resulting in immediate chaos. As this one was a lot more significant,
The post XRP Price Prediction: Is XRP Setting Up a 1,000% Move or Just Retesting the Same Resistance? appeared on BitcoinEthereumNews.com.
XRP is attempting a second breakout above the descending trendline after the first attempt failed in early July The 10-week ETF inflow streak is at risk with weekly flows at -$7.29M, pending Friday’s data A macro analyst flags an XRP accumulation pattern that previously preceded 1,000%+ rallies XRP trades at $1.1044 on July 10, up 1.08% and pressing against the descending trendline for the second time this month, with the chart labeling it “Another Breakout Attempt.” Is XRP’s Second Trendline Breakout Attempt More Convincing? XRP 1D Price Action (Source: TradingView) The daily chart shows XRP making a fresh push at the descending trendline that has capped every rally since May, with the chart annotating this move explicitly as another breakout attempt. The first try in early July cleared the line briefly before pulling back into the retest zone, whe
