Financial Analyst Reveals How XRP Could Skyrocket to $60 Overnight Using SWIFT Model

Levi Rietveld, a financial analyst and crypto commentator, has projected that XRP could surge “overnight,” leveraging its potential role within SWIFT’s vast global payment network.

With SWIFT handling trillions of dollars in daily transactions, Rietveld suggests even a small percentage of this volume shifting to XRP could trigger a massive price surge. The financial analyst provided the mathematical breakdown of how the projected scenario could play out for XRP.

The Math for XRP Price Based on SWIFT Volume

Rietveld first cited a 2017 paper indicating that SWIFT manages around $5 trillion in daily transactions, equating to $1.25 quadrillion annually. However, he speculated that the current figure is likely currently around $7 trillion daily. This translates to around $1.8 quadrillion annually, based on 250 business days.

Meanwhile, Rietveld noted that SWIFT fees are astronomical, with some transactions costing up to $1,000. In this context, XRP emerges as a superior alternative, offering faster, cheaper, and more reliable transactions.

The analysis considers the hypothetical scenario in which XRP captures just 5% of SWIFT’s market share. Notably, 5% of SWIFT’s daily volume of $7 trillion amounts to $350 billion. As of today, XRP has a daily trading volume of approximately $1 billion, with its price around $0.52.

Essentially, in the speculative scenario where XRP captures just 5% of SWIFT’s global transactions, it could experience a 350-fold increase in its daily market volume.

Rietveld theorized that this scenario would translate to XRP reaching around $50 per coin. This suggests a proportional rise in price corresponding to the increase in market volume. However, it bears mentioning that this evaluation angle is inherently flawed.

Meanwhile, Rietveld further posited that if XRP captures 10% of SWIFT’s volume, its price could reach $100. Also, he argued that at 20%, XRP could exceed $200, though these are all speculative estimates.

Essentially, the financial commentator seeks to emphasize that the potential price impact of XRP capturing even a small portion of SWIFT’s volume is enormous. 

In his view, it’s not far-fetched for XRP to capture 5% or more of SWIFT’s business, given XRP’s advantages in cost and speed and its elimination of the need for businesses to hold large reserves of various currencies.

Call to Accumulate XRP and Timeline for Price Projections

Accordingly, Rietveld urged the investing public to continue accumulating XRP. He projected a supply shock that could occur when institutions start buying up XRP, as a large portion is locked in escrow. According to him, the remaining public supply will be in high demand, driving the price higher.

“It’s going to allow us to see XRP’s price catapult to levels never seen before,” he stated.

He concluded that XRP could easily reach $200 per coin within the next ten years and expects it to surpass $10 within the next year.