Emma Nelson 
Financial commentator Patrick Bet-David believes that XRP’s price has the potential to surge all the way to $1,000 per token if it can capture even a small portion of the global payments processing giant SWIFT’s transaction volume. Bet-David suggests that if XRP manages to secure just 5% of SWIFT’s daily transaction volume, the price of the token could skyrocket to $100. He also highlighted several key factors that could either support or hinder this possibility.
XRP Price
XRP’s Path to $1,000: The Potential for a Massive Surge
Patrick Bet-David has remained optimistic about the potential of XRP, suggesting that it could experience a remarkable price rally, potentially reaching the $1,000 mark. While the token has faced its share of struggles and remained relatively stagnant in recent times, Bet-David emphasizes that XRP’s future is tied to the blockchain’s ability to tap into the massive transaction volume handled by SWIFT, one of the world’s largest financial payment platforms. To achieve this milestone, XRP would need to start processing a significant portion of SWIFT’s daily transaction volume.
SWIFT processes an astounding $5 trillion daily, which equates to around $1.24 quadrillion annually. According to Bet-David, even if XRP were to capture as little as 5% to 10% of SWIFT’s daily transaction volume, it could push the price of XRP to around $100 per token. Specifically, the XRP Ledger would need to handle $125 million annually, or 10% of SWIFT’s transaction volume, to drive prices to this level.
However, Bet-David contends that for XRP to hit the much-discussed $1,000 per token, the XRP Ledger would need to fully capture the entire volume processed by SWIFT on a daily basis. At this point, XRP would be matching the vast scale of SWIFT’s global payments network. While XRP currently processes only a small fraction of that volume, Bet-David remains optimistic, citing the increasing institutional adoption of the XRP Ledger as a sign that the token’s role could expand significantly.
The financial commentator also highlights that stablecoins, particularly those issued on the XRP Ledger such as RLUSD, are likely to play a crucial role in driving adoption. Stablecoins are gaining traction across the global financial landscape, and the potential adoption of XRP as the foundation for US financial policy could further solidify its position as a major player in the digital asset market. Moreover, Bet-David pointed out that a favorable turn in the ongoing SEC case, which has been an obstacle for XRP’s institutional adoption, could pave the way for wider investment and market acceptance. According to him, this could lead to a price surge as institutional players rush to enter the market.
“Analysts estimate that achieving a $10 trillion market cap could push XRP’s price to $100 per token, and if the XRP Ledger can replace the entirety of SWIFT’s daily transaction volume, the price could rise to $1,000,” said Bet-David.
XRP Price Recovers After Steep Decline
XRP has recently experienced a recovery, trading at $2.20, marking a 6% increase within a 24-hour period. This rally follows a week of significant losses, with the price dipping and rising whale activity stirring concerns. Despite this recent uptick, XRP has lost over 10% in value over the last seven days, raising doubts among some investors who fear that the altcoin may have reached its peak for this cycle.
However, it’s not all doom and gloom for XRP. The network has witnessed some positive developments, particularly in terms of growing user activity. XRP’s active addresses surged to a record high of 1.15 million, even amid a market correction, signaling increased interest and activity from retail and institutional investors alike. On a more optimistic note, Franklin Templeton, one of the largest investment firms in the world, has filed for an XRP ETF, signaling a positive shift in institutional interest.
XRP’s network has plenty of potential, and despite short-term setbacks, the long-term outlook remains positive. Market expert Dark Defender has stated that if XRP follows a pattern similar to its 2017 bull run, the price could reach $280 by 2027, suggesting that there is still substantial room for growth and optimism in the future for the XRP ecosystem.
