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

Levi Rietveld, a financial analyst and cryptocurrency critic, predicted that XRP could “skyrocket overnight” by leveraging its potential role in SWIFT’s massive global payments network.

Rietveld suggested that because SWIFT processes tens of thousands of transactions every day, even a small portion of that volume moving to XRP could trigger a major price surge. The financial analyst provided a possible mathematical analysis of XRP’s performance under the forecast scenario.

Mathematical analysis of XRP price based on SWIFT transaction volume

Rietveld first cited a 2017 document stating that SWIFT manages about $500 billion in transactions per day, equivalent to $1.25 quadrillion per year. However, he speculated that the current figure might be around $7 per day. Based on 250 working days, this equates to about $1.8 quadrillion per year.

At the same time, Rietveld noted that SWIFT fees are astronomical, with some transactions costing up to $1,000. In this case, XRP becomes a better alternative, offering faster, cheaper, and more reliable transactions.

The analysis considers a hypothetical scenario where XRP captures just 5% of SWIFT’s market share. It is worth noting that SWIFT's daily transaction volume of $7 billion is equivalent to 5% of $350 billion. As of today, XRP has a daily trading volume of around $1 billion and a price of around $0.52.

Basically, in a hypothetical scenario where XRP accounts for only 5% of SWIFT’s global transaction volume, its daily market volume could increase 350 times.

Rietveld speculated that this scenario would push the price of XRP to $50 per coin. This indicates that a proportional increase in price corresponds to an increase in market volume. However, it is important to mention that this assessment perspective is inherently flawed.

Meanwhile, Rietveld further suggested that if XRP captures 10% of SWIFT’s transaction volume, its price could reach $100. Furthermore, he also believes that if it takes 20%, XRP could exceed $200, although these are speculative estimates.

Basically, the financial critic highlighted that the potential price impact of XRP capturing even a small portion of SWIFT transaction volume is huge.

In his view, it is not far-fetched for XRP to occupy 5% or more of SWIFT’s business, considering XRP’s advantages in cost and speed and eliminating the need for companies to hold large reserves in various currencies.

Timeline for buying XRP and price prediction

Therefore, Rietveld urged investors to continue accumulating XRP. He predicted that when institutions start buying XRP in large quantities, there could be a supply shock since most of XRP is locked in escrow. According to him, the remaining public supply will be in short supply, pushing up prices.

“That would cause us to see the price of XRP surge to levels we’ve never seen before,” he said.

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

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may reflect the personal opinions of the author and do not necessarily reflect the opinions of The Crypto Basic. Readers are advised to perform thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.