XRP’s price could surge as high as $1,000 in the future, but experts believe the cryptocurrency must overcome several key challenges before reaching such a milestone.
Financial commentator Patrick Bet-David has speculated that XRP could achieve a significant price spike if it captures even a small portion of SWIFT’s global transaction volume. A mere 5% share could push XRP’s value to $100, while matching SWIFT’s entire transaction volume could elevate the token to $1,000.
SWIFT, the global payment network, processes a staggering $5 trillion daily, or roughly $1.24 quadrillion annually. Bet-David suggests that if XRP’s blockchain can handle 5%-10% of SWIFT’s daily transactions, it could see its price soar. Specifically, he estimates that handling $125 million annually in transactions would equate to capturing 10% of SWIFT’s volume, pushing XRP towards the $100 mark.
For XRP to reach the $1,000 target, it would need to fully replace SWIFT’s transaction volume—a feat that would require substantial growth from the current levels. However, increasing institutional adoption and the rise of stablecoins on the XRP ledger, such as RLUSD, are expected to play pivotal roles in capturing a larger share of the global payment space.
Bet-David also highlights the potential impact of a favorable resolution to XRP’s ongoing SEC case, which could provide the catalyst for broader institutional investment and market enthusiasm. Analysts suggest that with a $10 trillion market cap, XRP could see its value climb to $100 per token, with full market replacement possibly reaching $1,000.
In recent price action, XRP has been on a recovery path, currently trading at $2.20 after a 6% increase in the past 24 hours. This follows a tough week where the coin fell by over 10%, raising concerns among some investors. Despite the volatility, there are several positive signs, including a surge in active addresses and growing interest from major financial players such as Franklin Templeton, which has filed for an XRP-based ETF.
Market expert Dark Defender remains more conservative, predicting that XRP could hit $280 by 2027 if it experiences a resurgence similar to the 2017 bull run. However, the future of XRP largely hinges on overcoming regulatory hurdles and securing a significant share of the global payment market.
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