- Amex warns customers of wire delays due to Fed-related system upgrades, sparking XRP community speculation about Ripple tech.
- New Amex Platinum perks and a Coinbase card launch add context, fueling blockchain adoption theories among observers.
American Express alerted customers to delays in wire transfers and cross-border payments. The company cited a system upgrade related to Federal Reserve updates. This notice prompted discussion among XRP holders about possible Ripple technology involvement.
Amex and Ripple previously collaborated through RippleNet. That partnership streamlined transactions between the U.S. and U.K. No current link exists in Amex’s official statement. The timing coincides with broader payment system modernization trends.
Three developments fuel these theories:
- Amex’s payment processing disruptions during infrastructure changes
- A major refresh of Amex Platinum Card benefits after 40 years
- New Coinbase partnership offering 4% Bitcoin rewards
Financial observers like Versan Aljarrah of Black Swan Capitalist connected these events publicly. Aljarrah suggested payment infrastructure modernization could involve blockchain solutions. Amex’s history with Ripple makes it a plausible candidate.
Ripple’s XRP token showed modest movement following the speculation. It trades at $2.22, up 2% in 24 hours. This stability occurred during broader cryptocurrency market declines.
Amex launched the Coinbase One Card last week
This product provides cryptocurrency rewards to cardholders. The announcement preceded the payment delay notice by four days. Financial institutions rarely confirm blockchain integrations during operational transitions. Industry observers note this pattern. They expect potential confirmations later in 2025 if partnerships exist.
The Federal Reserve update affects multiple financial institutions. Amex specified its system upgrade relates to this broader banking adjustment. Cross-border payments require coordination between banking networks globally.
Ripple’s technology specializes in international settlement systems. Its xCurrent product previously reduced transaction times for Amex. Payment industry analysts monitor whether financial giants reuse tested solutions during upgrades.
Amex has not commented beyond its customer notice. Ripple representatives maintain a standard policy of not discussing unannounced partnerships. Market reactions remain measured pending official disclosures.
XRP (Ripple) is trading at $2.1759 USDT, experiencing a −2.70% intraday decline amid broader crypto market weakness. Weekly performance is mildly positive at +0.80%, while the monthly return stands flat at +0.08%.
Over a 12-month period, XRP maintains a strong performance of +356.96%, largely driven by legal clarity and expanding ecosystem use cases.
From a technical standpoint, XRP has retraced after testing the $2.25–$2.30 resistance zone, which acted as a ceiling following a recent breakout attempt above the $2.15 level. Price remains within a bullish triangle formation on higher timeframes, and the $2.05–$2.10 support zone is critical to maintain the structure.
Volume surged to nearly 97 million XRP, suggesting active positioning ahead of the July monthly open. A breakout above $2.28 would confirm trend continuation toward $2.60 and $3.00, while a breakdown below $2.05 risks invalidating the pattern with downside to $1.85.
Recent news and developments fueling market sentiment include:
- The SEC officially approved the conversion of Grayscale’s Digital Large Cap Fund into a multi-crypto ETF, which includes BTC, ETH, XRP, ADA, and SOL. This institutional move opens passive inflow channels into XRP for ETF-driven strategies.
- Ripple’s XRPL EVM-compatible sidechain is now live, enabling Ethereum-style smart contracts to run on the XRP Ledger—an innovation that could significantly broaden developer activity on the network.
XRP is currently in a consolidation phase within a macro uptrend, with catalysts from ETF inclusion and EVM integration setting the stage for future growth. Short-term volatility remains high, and the $2.05–$2.10 area will act as the technical battleground before direction is confirmed.
The post Payment Delays Spark Speculation About Ripple Technology appeared first on ETHNews.
