Ripple Announces XRPL to Target 14% of SWIFT Liquidity by 2025 – Coincu

Ripple revealed plans for the XRPL to seize 14% of SWIFT’s global liquidity within five years during the XRP Ledger Apex 2025 event held in Singapore.

CEO Brad Garlinghouse’s projection signifies a strategic push towards enhancing XRP’s role in financial liquidity. This ambition could significantly alter the landscape of cross-border transactions.

Ripple Targets 14% of SWIFT Liquidity by 2025

Ripple’s CEO Brad Garlinghouse announced the forecast at the XRP Ledger Apex 2025 in Singapore, predicting the XRPL will absorb 14% of SWIFT’s liquidity within five years. This estimation underscores Ripple’s strategic focus on liquidity enhancement rather than competing with SWIFT’s communication layer.

The launch of a new Ethereum Virtual Machine (EVM)-compatible sidechain aims to boost XRPL’s interoperability and support for tokenized real assets. The initiative is expected to strengthen XRP’s position in the market, providing an avenue for increased utility.

“Within the next 5 years, $XRP will take 14% of SWIFT. That’s 2.8% per year, just from utility… XRP isn’t sleeping. It’s loading.” — Brad Garlinghouse, CEO, Ripple

Market analysts reacted positively, with Garlinghouse’s statement on XRP capturing 14% of SWIFT’s liquidity being widely shared. David Schwartz, Ripple’s CTO, emphasized the importance of liquidity over messaging systems, highlighting the strategic move to leverage XRP’s capabilities in liquidity provision.

XRP’s Market Position and Potential Institutional Impact

Did you know? Ripple’s emphasis on liquidity mirrors previous industry trends, where interoperability enhancements by projects like Cosmos and Polkadot led to similar surges in cross-chain liquidity.

XRP currently holds a market cap of $132.08 billion, as per CoinMarketCap. Priced at $2.25, it commands a market dominance of 3.90%. While the 24-hour trading volume rose by 2.00% to $2.91 billion, XRP’s price declined by 3.08% in the same period. Over the past 30 days, XRP experienced an 11.27% decrease in value.

According to the Coincu research team, Ripple’s strategy to integrate Ethereum’s EVM might catalyze developer interest in XRPL. By focusing on liquidity and EVM compatibility, Ripple could pave the way for more institutional adoption, potentially influencing regulatory perspectives on digital liquidity solutions.