Patrick Bet-David: “Ripple (XRP) Could Reach $1,000, But There Are Obstacles to Overcome!”
Jakarta, Pintu News – Patrick Bet-David, a financial commentator, recently revealed that the price of Ripple could reach up to $1,000 per token if it manages to take over some of SWIFT’s transaction volume.
According to him, by capturing just 5% of SWIFT’s transaction volume, the XRP price could jump to $100. However, several obstacles must be overcome to achieve this target. SWIFT, a global payment processing platform, processes $5 trillion worth of transactions every day or about $1.24 quadrillion annually.
Bet-David emphasized that if Ledger XRP can process between 5% % and 10% of SWIFT’s daily volume, the XRP price could reach $100. To reach $1,000 per token, Ledger XRP needs to be able to handle the entire volume of SWIFT transactions.
Check out the full analysis here!
XRP Price Increase Potential
Currently, the XRP Ledger only processes a fraction of the existing transaction volume, but increasing institutional adoption gives new hope. Stablecoins like RLUSD on the ledger are expected to help XRP take a share of SWIFT’s daily transaction volume.
There is growing optimism that XRP could become a cornerstone of US financial policy as it moves towards stablecoin adoption. According to Bet-David, a big boost could come from rejecting the SEC case, which would pave the way for broader institutional investment.
“Analysts estimate that a market capitalization of $10 trillion could push the price of XRP to $100 per token, with full replacement potentially pushing it to $1,000,” Bet-David said.
Read also: Nansen Analysis: Strong On-Chain Base Activity Could Dominate the DeFi Market!
XRP Price Recent Developments
The price of Ripple (XRP) is currently trading at $2.20, up 6% in the last 24-hour period. This recovery comes after a week characterized by a drop in value and increased whale activity in the ecosystem.
Although there were small gains during the day, XRP has lost more than 10% in the past seven days, sparking concerns that XRP may have peaked in this cycle. However, some positive news on the network offers a silver lining for investors.
XRP active addresses surged to 1.15 million amid a sharp market correction, signaling a market frenzy. In encouraging XRP news, Franklin Templeton has applied for an XRP ETF, signaling a wave of positivity for the struggling network.
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Coingape. Analyst Predicts XRP Price to Reach $1000 if This Happens. Accessed on March 13, 2025
- Featured Image: Investopedia
