Levi Rietveld, a noted crypto analyst, suggests that XRP could see its price rise to $60 if it captures a small percentage of SWIFT's transaction volume. SWIFT processes approximately $7 trillion daily, and a 5% capture could result in a 9,000% price increase for XRP.
Rietveld argues that XRP offers significant advantages over SWIFT, such as faster and cheaper transactions, and eliminates the need for banks to hold reserves in multiple currencies. These attributes could make XRP highly attractive to institutions.
The analyst also mentions the possibility of a supply shock, noting that limited public supply and institutional demand could push prices even higher. Rietveld remains optimistic that XRP could exceed $10 per coin in the near future.
Looking ahead, Rietveld predicts that XRP prices could climb to $200 within the next decade, driven by institutional adoption and the inefficiencies of traditional financial systems.
