Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Lido Staked Ether 
Cardano 
TRON 
Shiba Inu 
Avalanche 
Wrapped stETH 
Wrapped Bitcoin 
Toncoin 
Sui 
Bitcoin Cash 
WETH 
Chainlink 
Pepe 
Polkadot 
LEO Token 
Stellar 
NEAR Protocol 
Litecoin 
Aptos 
Wrapped eETH 
Uniswap 
USDS 
Cronos 
Hedera 
Internet Computer 
Ethereum Classic 
Bonk 
Render 
Kaspa 
Bittensor 
Ethena USDe 
POL (ex-MATIC) 
WhiteBIT Coin 
Dai 
Artificial Superintelligence Alliance 
dogwifhat 
Arbitrum 
MANTRA 
Monero 
Stacks 
OKB 
Filecoin 
Este artículo también está disponible en español.
A particular crypto analyst has boldly predicted that XRP price could rise to $60, driven by the influx of demand and capital from institutional investors as it taps into the market share or daily volume of the SWIFT, a global messaging solution for banking and payment.
Related Reading
XRP Eyes $60 With SWIFT’s Volume Boost
In a recent X (formerly Twitter) post, Levi Rietveld proposed a unique scenario where XRP’s price could potentially surge to $60, marking a staggering increase of approximately 11,220% from its current value of $0.53. Firstly, Rietveld referred to a 2017 paper indicating SWIFT’s daily payment processes.
According to the paper, SWIFT typically manages about $5 trillion in daily transactions, accumulating to $1.25 quadrillion every year. Based on current market changes and more adoption of the network, the analyst suggested that the figure will likely rise in 2024. He disclosed that SWIFT’s daily transactions have possibly increased to $7 trillion, equating to $1.8 quadrillion annually.
The analyst also noted that SWIFT’s payment message volumes are usually about 11.5 million daily, with an average payment size of around $45,000. Moreover, he reveals that the current average payment size has increased to $60,000 per transaction, highlighting the staggering amount of fees it takes to execute just one transaction.
Taking these figures into consideration, Rietveld has hypothesized that if XRP can acquire just 10% of SWIFT’s overall market share, the cryptocurrency could see an “astronomical” increase in its price. Starting on a more conservative estimate, the analyst revealed that with a 5% market share which is about $239.4 billion in daily volume, XRP could see a 1,252.5X increase. This is equivalent to a 9,080.6% surge in XRP, pushing its value to new all time highs at $26.62.
Rietveld further estimated that with a 10% market share, XRP’s price could rise to $52, and even surpass $200 with 20% of SWIFT’s volume. The analyst has called on crypto investors to begin accumulating XRP, stressing that his ambitious projections for the cryptocurrency are not far-fetched, given its advantages over SWIFT in terms of cost, speed, and reliability.
Institutional Adoption To Drive XRP Price Even Higher
While hypothesizing the extent of XRP’s price surge with a small percentage of SWIFT’s volume, Rietveld also disclosed that the cryptocurrency could see a massive price increase as adoption from institutional investors skyrockets. The analyst disclosed that the XRP market may undergo a significant supply shock when institutional investors begin accumulating the cryptocurrency.
Related Reading
He revealed that over time, institutional investors will eventually need to buy XRP from the public supply, as the tokens locked in escrow would not be sufficient to meet demand. Considering XRP’s already limited supply, Rietveld has projected that the potential supply shock would trigger a massive price rally to about $200 in the next 10 years.
Featured image from Shutterstock, chart from TradingView
