Can XRP price hit $5? Ripple CEO Garlinghouse eyes SWIFT disruption

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

XRP has stalled this week even after Ripple CEO Brad Garlinghouse shared his views on how Ripple will compete with SWIFT.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

In an interview with Fox Business host Maria Bartiromo, Garlinghouse said he was confident that Ripple would become a viable rival to SWIFT over time. He argued that the recent conclusion of the Ripple vs SEC case will help Ripple onboard more American banks that handle trillions in payments annually. The XRP token has formed a head and shoulders pattern on the daily chart, risking a drop to $1. However, the weekly chart shows that the coin has formed a break-and-retest pattern. A move above the resistance level at $3 will raise the odds of XRP rising to $5.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Ripple’s technology is seen as a better alternative to SWIFT because of its superior speeds and low costs. Ripple hopes that the Ripple USD, its stablecoin, will become a key part of the ecosystem. Still, Ripple has a long way to go to catch up with SWIFT, which has partnerships with over 11,000 banks.