Levi Rietveld, a popular cryptocurrency analyst with 122,000 followers on X, released a new video detailing how XRP could potentially skyrocket to $60 overnight by capturing a fraction of SWIFT's transaction volume. "XRP will hit $60 overnight with this SWIFT news! Here's the math!!" he teased via X.

How XRP Could Surge to $60 Overnight?

In his analysis, Rietveld delves into the mechanics of SWIFT, the global financial messaging network that handles a significant portion of international payments. He notes that SWIFT processes about $7 trillion a day, or about $1.5 trillion a year.

“If XRP accounted for just 5% of SWIFT’s business, it would allow XRP transaction volumes to increase 1,252 times from what we are seeing today,” Rietveld explained. “This could translate into a more than 9,000% increase for XRP, potentially pushing its price to around $50 per coin.”

Rietveld further speculated that if cryptocurrencies accounted for 10% or 20% of SWIFT's volume, the price of cryptocurrencies could skyrocket to $100 or even over $200 per coin. "The amount of price impact we could see for XRP if we were only a tiny fraction of SWIFT's total volume is crazy," he stressed.

He argues that cryptoassets offer significant advantages over traditional SWIFT transactions, including faster settlement times, lower fees, and eliminating the need for banks to hold large reserves in multiple currencies. “It’s cheaper, faster, more reliable, and it costs businesses a lot less to use because they don’t need to hold huge reserves of every currency out there—they just hold XRP,” Rietveld notes.

Rietveld also discussed the potential for a supply shock if institutions begin accumulating crypto assets. He pointed out that a significant portion of tokens are locked in escrow and institutional demand could exceed the available public supply.

“Frankly, that’s not enough. There’s not enough XRP for all these institutions, so they’re going to have to buy from the public supply—the XRP that you and I are buying,” he said. “With the limited supply of XRP as it is, that’s going to allow us to see the price of XRP skyrocket to levels we’ve never seen before.”

Looking ahead, Rietveld is optimistic about the long-term outlook. “I can actually see this going to $200 per coin very easily, and I think that’s something we could actually see happening in the next 10 years—not in the next five years, but in the next 10 years,” he predicted. “But next year, I think XRP will go above $10—there’s no doubt in my mind.”

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