Bank for International Settlements Backs XRP as Cross-Border Giant — $2.77 Support Holds

XRP Gains Institutional Recognition as Global Settlement Infrastructure According to market commentator X Finance Bull, XRP is increasingly being recognized as a cornerstone for global financial settlement. The Bank for International Settlements (BIS), often referred to as the “central bank of central banks,” is reportedly positioning XRP as part of its global settlement infrastructure. This move signals a level of institutional acknowledgment far beyond retail speculation, highlighting XRP’s growing relevance in the mainstream financial ecosystem. XRP, Ripple’s digital asset, enables near-instant, low-cost cross-border payments, far outpacing traditional systems. Its efficiency has attracted financial institutions seeking alternatives to legacy rails. With the Bank for International Settlements’ involvement, XRP is gaining institutional credibility, positioning it as a serious contender for global financial infrastructure rather than just a speculative crypto asset. X Finance Bull highlights that BIS recognition signals a major institutional shift toward blockchain integration. With its liquidity, scalability, and regulatory alignment, XRP is positioned to help central banks and top financial institutions achieve faster, cheaper, and more transparent settlements, bridging traditional finance with decentralized technology. Market behavior reflects growing institutional confidence. While retail traders chase price swings, central bank interest highlights XRP’s real-world utility and long-term potential. Analysts note that institutional adoption could fuel substantial demand, positioning XRP as a cornerstone of future global finance rather than just a speculative asset. XRP Eyes Critical Reversal as Bulls Defend $2.77 Support XRP is showing signs of cautious optimism as it continues to hold above the $2.77 support level, according to crypto pundit Degram. XRP is currently trading within a falling channel, exhibiting choppy price action around the midline. This pattern indicates indecision among traders, with neither buyers nor sellers fully in control. However, technical observers note that the repeated defense of key support signals that buyers are prepared to step in and prevent a sharper decline. Degram added , “XRP is holding above the $2.77 support level while trading inside a falling channel, showing repeated choppy movement near the midline. A sustained move above $2.90 would confirm bullish momentum and target the 3.20 resistance.” However, the crypto pundit cautioned that a drop below $2.77 could quickly negate the bullish scenario, reintroducing downside risk and possibly triggering further selling pressure. Therefore, bulls need to continue defending the $2.7 to $2.8 zone, with XRP’s present price standing at $2.85. Conclusion XRP’s positioning by the BIS as a potential global settlement infrastructure represents a pivotal moment for both the digital asset and the broader crypto ecosystem. Institutional-level recognition highlights its utility, scalability, and legitimacy, setting the stage for wider adoption and integration into mainstream financial systems. On the other hand, XRP’s current trading behavior highlights a delicate balance between risk and opportunity. Holding above $2.77 demonstrates buyer commitment, while a breakout above $2.90 would validate bullish momentum and target $3.20. Conversely, failure to defend this support could reopen the path to further downside.