Levi Rietveld, a prominent crypto analyst with over 122,000 followers on X, has stirred the crypto community with his latest video, claiming that XRP could potentially skyrocket to $60 overnight by capturing a small share of SWIFT's transaction volume. He teased the news, saying, “XRP will hit $60 overnight with this SWIFT news! Here’s the math!!”
How XRP Could Surge to $60
In his detailed analysis, Rietveld breaks down the mechanics of SWIFT, the global financial network responsible for processing a vast amount of international payments. SWIFT handles approximately $7 trillion in daily transactions, adding up to about $1.5 quadrillion annually.
Rietveld explains that if XRP were to capture just 5% of SWIFT’s business, it could lead to a 1,252x increase in volume for XRP compared to its current levels. He suggests this could trigger a 9,000% surge, pushing XRP’s price to around $50 per coin.
Furthermore, he speculates that if XRP were to secure 10% or 20% of SWIFT’s volume, its price could soar to $100 or even exceed $200 per coin. “The potential price impact for XRP by gaining even a fraction of SWIFT’s volume is incredible,” Rietveld emphasizes.
XRP’s Key Advantages Over SWIFT
Rietveld highlights the significant benefits XRP offers over traditional SWIFT transactions, such as faster settlements, lower fees, and the elimination of the need for banks to hold large reserves in multiple currencies. “It’s cheaper, faster, more reliable, and reduces costs for businesses, as they only need to hold XRP rather than multiple currencies,” he explains.
The Potential Supply Shock
Rietveld also discusses the potential for a supply shock as institutions begin to accumulate XRP. With a large portion of XRP locked in escrow, he believes institutional demand may surpass the available public supply. “There’s simply not enough XRP for all these institutions, so they’ll have to buy from the public supply, which could cause XRP’s price to catapult to unprecedented levels,” Rietveld warns.
Looking ahead, Rietveld remains optimistic about XRP’s long-term growth. He predicts XRP could easily reach $200 within the next 10 years. As for the near future, he confidently states, “I have no doubt that XRP will surpass $10 this coming year.”
$XRP COULD HIT $60 OVERNIGHT WITH THIS SWIFT NEWS!
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