{"id":647619,"date":"2024-10-12T22:00:45","date_gmt":"2024-10-12T22:00:45","guid":{"rendered":"https:\/\/ktsl888.com\/?p=647619"},"modified":"2024-10-12T11:51:56","modified_gmt":"2024-10-12T11:51:56","slug":"expert-dissects-60-forecast-for-xrp-price-institutional-investors-are-the-key","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/expert-dissects-60-forecast-for-xrp-price-institutional-investors-are-the-key\/","title":{"rendered":"Expert Dissects $60 Forecast For XRP Price, Institutional Investors Are The Key"},"content":{"rendered":"

A particular crypto analyst has boldly predicted that<\/span> XRP price<\/span><\/a> could rise to $60, driven by the influx of demand and<\/span> capital from institutional investors<\/span><\/a> as it taps into the market share or daily volume of the SWIFT, a global messaging solution for banking and payment.\u00a0<\/span><\/p>\n

Related Reading: Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back<\/a><\/div>\n

XRP Eyes $60 With SWIFT\u2019s Volume Boost<\/b><\/h2>\n

In a recent X (formerly Twitter)<\/span> post<\/span><\/a>, Levi Rietveld proposed a unique scenario where<\/span> XRP\u2019s price could potentially surge<\/span><\/a> 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\u2019s daily payment processes.\u00a0<\/span><\/p>\n

According to the paper, <\/span>SWIFT<\/span><\/a> 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\u2019s daily transactions have possibly increased to $7 trillion, equating to $1.8 quadrillion annually.\u00a0<\/span><\/p>\n

The analyst also noted that<\/span> SWIFT\u2019s payment message<\/span><\/a> 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.\u00a0\u00a0<\/span><\/p>\n

Taking these figures into consideration, Rietveld has hypothesized that if XRP can acquire just 10% of SWIFT\u2019s overall market share, the cryptocurrency could see an \u201castronomical\u201d increase in its price. Starting on a more<\/span> conservative estimate<\/span><\/a>, 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 <\/span>new all time highs<\/span><\/a> at $26.62.\u00a0<\/span><\/p>\n

XRP market cap currently at $30.6 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Rietveld further estimated that with a 10% market share, XRP\u2019s price could rise to $52, and even surpass $200 with 20% of SWIFT\u2019s volume. The analyst has called on crypto investors to begin<\/span> accumulating XRP<\/span><\/a>, stressing that his ambitious projections for the cryptocurrency are not far-fetched, given its<\/span> advantages over SWIFT<\/span><\/a> in terms of cost, speed, and reliability.\u00a0<\/span><\/p>\n

Institutional Adoption To Drive XRP Price Even Higher<\/b><\/h2>\n

While hypothesizing the extent of<\/span> XRP\u2019s price surge<\/span><\/a> with a small percentage of SWIFT\u2019s volume, Rietveld also disclosed that the cryptocurrency could see a massive price increase as<\/span> adoption from institutional investors skyrockets<\/span><\/a>. The analyst disclosed that the XRP market may undergo a significant<\/span> supply shock<\/span><\/a> when institutional investors begin accumulating the cryptocurrency.\u00a0<\/span><\/p>\n

Related Reading: Baby Doge Coin Rockets 200% In 30 Days \u2013 What\u2019s On The Horizon?<\/a><\/div>\n

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\u2019s 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.\u00a0<\/span><\/p>\n

Featured image from Shutterstock, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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.\u00a0 Related Reading: Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back XRP Eyes $60 With SWIFT\u2019s Volume Boost In a recent X (formerly Twitter) post, Levi Rietveld proposed a unique scenario where XRP\u2019s 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\u2019s daily payment processes.\u00a0 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\u2019s daily transactions have possibly increased to $7 trillion, equating to $1.8 quadrillion annually.\u00a0 The analyst also noted that SWIFT\u2019s 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.\u00a0\u00a0 Taking these figures into consideration, Rietveld has hypothesized that if XRP can acquire just 10% of SWIFT\u2019s overall market share, the cryptocurrency could see an \u201castronomical\u201d 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.\u00a0 Rietveld further estimated that with a 10% market share, XRP\u2019s price could rise to $52, and even surpass $200 with 20% of SWIFT\u2019s 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.\u00a0 Institutional Adoption To Drive XRP Price Even Higher While hypothesizing the extent of XRP\u2019s price surge with a small percentage of SWIFT\u2019s 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.\u00a0 Related Reading: Baby Doge Coin Rockets 200% In 30 Days \u2013 What\u2019s On The Horizon? 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\u2019s 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.\u00a0 Featured image from Shutterstock, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":647623,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,3680,5699,4531],"class_list":["post-647619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-ripple","tag-swift","tag-xrp"],"acf":[],"yoast_head":"\nExpert Dissects $60 Forecast For XRP Price<\/title>\n<meta name=\"description\" content=\"A particular crypto analyst has boldly predicted that XRP price could rise to $60, driven by the influx of demand and capital from institutional 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