🌠 Wow, we'll, we've done it. We've hit $3 once again. Before I start this idea just want to give my thanks for tuning in, appreciate it.
🌠 This month has been pretty incredible for Ripple to say in the least from the BNY-Mellon Custodian Deal to Trump's Media company filing for a crypto Blue Chip ETF of which included the likes of XRP. With all the news and positive sentiment around XRP and Bitcoin which itself has hit a new All-Time-High hitting $123,000! Below I'll add a Bitcoin chart for reference:
🌠 To say in the least it's been a golden month for Crypto and Digital Assets. And one important thing to note is that as of today the Fedwire Funds Service is set to go live with the ISO 20022 standard starting July 14, 2025. The implementation will replace Fedwire's dated (FAIM) format with the ISO 20022 message format with the change happening over a single day.
🌠 For those that don't know ISO 20022 is a global messaging standard for financial transactions meant to reduce cost and fraud alongside automate transactions and reduce transactional costs. What this means for XRP is that it could become a much bigger player in cross-border payments now through RippleNet as XRP is one of the selected assets for the ISO 20022 standard.
🌠 ISO 20022 and global institutions will start utilizing XRP and it's ability to process transactions seemingly instantly and efficiently while significantly cutting down on cross border and transaction costs making it a considerably solution for banks and financial institutions. After all, if your objective is to make money, and you can make more money while cutting down on costs and making transactions, record keeping much simpler, then why not? Especially in an age where everyday things are continuously advancing and improving nobody want's to be left behind. Especially the big financial players.
🌠 Curious to see if prices can hold and keep pushing but just going off technical, we already know $3 is a tough point. At $3 just over 95% of XRP holders are in profit which makes a good reason for many to sell and take profit but with all the news and ISO now really kicking in we may not see as much selling, especially as holders are more confident and less likely to be swayed in letting go of their XRP. So it'll definitely be interesting to see how things play out.
🌠 Main thing will be Bitcoin, even if XRP holders hold I can't guarantee the same for Bitcoin, especially should it start to reverse, we know how financial institutions play taking advantage of the news. Just be cautious and set some price level alerts whether your trading XRP or Bitcoin.
🌠 In the long run things look very good regardless of what happens in the next week or two so keep that in mind. I'll be watching XRP to see if we can continue and break $3 but in my experience, with these impulse waves we usually see a big move up followed by some retracement as traders look to test support and liquidity so the waters may turn choppy but again like I said, we're here focused on the long term, whatever happens happens. We'll still be here for that but nonetheless the main objective is the longterm. $3 may seem like a lot but it's nothing compared to what XRP has in store.
🌠 This week is also 'Crypto Week' for lawmakers in DC as U.S lawmakers get ready to potentially pass changes in the regulatory setting when could push even more institutional demand further adding to the hype and optimism the crypto space has been running with as of lately.
🌠 Have to run but thanks as always for tuning in, really appreciate it and hope everyone is doing well! thanks as always and all the best till next. Feel free to keep posted and follow for more as always.
Best regards,
~ Rock '
🌠 This month has been pretty incredible for Ripple to say in the least from the BNY-Mellon Custodian Deal to Trump's Media company filing for a crypto Blue Chip ETF of which included the likes of XRP. With all the news and positive sentiment around XRP and Bitcoin which itself has hit a new All-Time-High hitting $123,000! Below I'll add a Bitcoin chart for reference:
🌠 To say in the least it's been a golden month for Crypto and Digital Assets. And one important thing to note is that as of today the Fedwire Funds Service is set to go live with the ISO 20022 standard starting July 14, 2025. The implementation will replace Fedwire's dated (FAIM) format with the ISO 20022 message format with the change happening over a single day.
🌠 For those that don't know ISO 20022 is a global messaging standard for financial transactions meant to reduce cost and fraud alongside automate transactions and reduce transactional costs. What this means for XRP is that it could become a much bigger player in cross-border payments now through RippleNet as XRP is one of the selected assets for the ISO 20022 standard.
🌠 ISO 20022 and global institutions will start utilizing XRP and it's ability to process transactions seemingly instantly and efficiently while significantly cutting down on cross border and transaction costs making it a considerably solution for banks and financial institutions. After all, if your objective is to make money, and you can make more money while cutting down on costs and making transactions, record keeping much simpler, then why not? Especially in an age where everyday things are continuously advancing and improving nobody want's to be left behind. Especially the big financial players.
🌠 Curious to see if prices can hold and keep pushing but just going off technical, we already know $3 is a tough point. At $3 just over 95% of XRP holders are in profit which makes a good reason for many to sell and take profit but with all the news and ISO now really kicking in we may not see as much selling, especially as holders are more confident and less likely to be swayed in letting go of their XRP. So it'll definitely be interesting to see how things play out.
🌠 Main thing will be Bitcoin, even if XRP holders hold I can't guarantee the same for Bitcoin, especially should it start to reverse, we know how financial institutions play taking advantage of the news. Just be cautious and set some price level alerts whether your trading XRP or Bitcoin.
🌠 In the long run things look very good regardless of what happens in the next week or two so keep that in mind. I'll be watching XRP to see if we can continue and break $3 but in my experience, with these impulse waves we usually see a big move up followed by some retracement as traders look to test support and liquidity so the waters may turn choppy but again like I said, we're here focused on the long term, whatever happens happens. We'll still be here for that but nonetheless the main objective is the longterm. $3 may seem like a lot but it's nothing compared to what XRP has in store.
🌠 This week is also 'Crypto Week' for lawmakers in DC as U.S lawmakers get ready to potentially pass changes in the regulatory setting when could push even more institutional demand further adding to the hype and optimism the crypto space has been running with as of lately.
🌠 Have to run but thanks as always for tuning in, really appreciate it and hope everyone is doing well! thanks as always and all the best till next. Feel free to keep posted and follow for more as always.
Best regards,
~ Rock '
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.