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Ripple’s XRP Could Take 14% of SWIFT’s Cross-Border Volume by 2030, Ripple CEO Says
- Ripple's XRP could capture 14% of SWIFT's cross-border volume by 2030, potentially reaching $357 in five years.
- Morgan Stanley sees XRP as a viable alternative to SWIFT, with potential cost savings of up to 60% for banks that adopt Ripple.
- Ripple CEO Brad Garlinghouse believes XRP could secure a significant market share in cross-border payments by 2030 due to its efficiency.
- Garlinghouse suggests that focusing on liquidity over messaging could help XRP achieve this goal within five years.
- Potential impact on XRP's price: Capturing 14% of SWIFT's daily volume could equate to $700 billion daily and $175 trillion annually.
- Current discussions estimate that moving $21 trillion through XRP could drive its price to $357 per coin.
- XRP gains support for USDC, leading to increased stablecoin liquidity on the XRPL network.
- Blockchain analyst SMQKE notes XRP's superior scalability compared to Bitcoin and Ethereum, making it more suitable for modern payments.
- XRP is approaching a resistance level at $2.19, with the potential to hit $5.5 in the short term upon breaking above $2.6.
- Analytical forecasts suggest a possible 5x surge in XRP's value from its current level.
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