Morgan Stanley recognizes Ripple's role in reducing settlement periods and increasing transaction speeds in cross-border payments.
JPMorgan acknowledges Ripple, SWIFT, and the CLS Group's efforts in addressing challenges in cross-border payments, citing potential savings for banks that adopt Ripple.
Ripple's XRP highlighted as an alternative to SWIFT in global payments by Morgan Stanley and JPMorgan, with a mention of reducing settlement times and fraud risks.
XRP's price is on the rise, currently trading at $2.2 with a 13% surge in the last 30 days, indicating a potential bullish reversal to $15.