A crypto analyst predicts that XRP could see its price surge to $60 by capturing a share of SWIFT's daily transaction volume. SWIFT currently handles $7 trillion in daily transactions, amounting to $1.8 quadrillion yearly. Rietveld suggests that if XRP captures 10% of this market, its price could rise significantly.
Rietveld presents a scenario where with a 5% market share, XRP could increase by 1,252.5 times, equivalent to a 9,080.6% surge, reaching $26.62. With 10% market share, the price could hit $52 and even exceed $200 with 20% market share.
The analyst says that institutional adoption could further drive XRP's price higher, as increased demand from institutional investors could cause a supply shock, pushing prices to new heights.
He believes that despite XRP's limited supply, increased interest from institutional investors will necessitate further public buying, potentially causing a price rally to around $200 in the next decade.
