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XRP could skyrocket above $50 if Ripple gets 10% of SWIFT’s business

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As we all know, Ripple is a blockchain protocol that aims to solve real-life problems such as enhancing cross-border payments. Nevertheless, we also know that SWIFT is handling the world’s remittance payments. SWIFT has about 200+ countries registered on its network. Given that, Ripple is now seen as the biggest competitor to SWIFT at the moment since it provides a faster and cheaper means for cross-border because of its blockchain technology.

Ripple’s powerful technology is now being adopted by banks and other FinTech companies in the world today. Subsequently, there is a striking point that emphasizes that if Ripple could get 5-10% of SWIFT’s business, its price could skyrocket overnight. In this article, we will make a critical analysis of the price mark of Ripple’s XRP, if it attains certain percentages of SWIFT’s business.

Detailed Analysis

The market price of Ripple’s cryptocurrency, XRP, is about 26 cents and the last 24 hours volume is 192 million. On the other hand, SWIFT’s annual volume is about $1.25 quadrillion – that’s about $4 trillion per day. However, if Ripple (XRP) can manage to increase its volume and attain a volume per day the same as SWIFT, we should see a ‘big boom’ in its price.

Nonetheless, from Ripple’s historical data – its highs and lows, Ripple’s XRP average price fluctuation and daily volume within five years is about 7.25% and 191 dollars. If Ripple becomes mainstream and gets just 1% percentage of SWIFT’s business (using SWIFT’s daily volume of about $4 trillion), Ripple’s daily volume would be $47,892,720,306.57, and its price tag would be about $5.57/XRP – this price has the probability to go up if there is a high demand for Ripple.

Also, if Ripple gets 10% of SWIFT’s business, Ripple’s daily volume would be $478, 927,203,065.13 or somewhere near the figure, thus, making the price of XRP to stand at $50 or more.

Furthermore, suppose Ripple if gets a 100% of SWIFT’s business (you never know, emails have replaced posts by almost 100% now, Ripple somewhat is the what email was to post when it started), there will be 25,000 times increase in the volume of XRP. The price of XRP would be $526.96.

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These results seem astronomical, but they can be attainable. Ripple can become the only cross-border solution in the world. Moreover, Ripple’s team is doing all it can to improve its technology,  and to offer a better solution for cross-border payments all around the world.

Final Words

Ripple continues to work hand-in-hand with lots of FinTech companies today; not only that, but it is also making its token (XRP) to be at the top of the market.

XRP stands at the price mark of 26.7 cents at the time of writing, but there is a high possibility that its price will increase soon, given the fact that it has become the best choice for banks and other financial institutions. Once the world’s financial sector recognizes Ripple for its global remittances, its token (XRP) price may surge to $50 or more.

XRP has become the third largest cryptocurrency in the crypto sphere today and we shouldn’t be surprised if it becomes the next big digital asset in the market. But as things stand now, all this is nothing more than ‘an imaginary’ calculation.

For such good things to happen, Ripple needs to mark an incredible leap in the global adoption. But, as Swift system is not scalable enough with the modern-day volumes and speeds, there is a good room for Ripple blockchain technology to snatch a good portion of its when it comes to cross-border payments worldwide.

There are almost 8000 banks all around the world, just imagine if only 1000 of them switch to Ripple from Swift, what would be the price of Ripple’s XRP then? Yes, $50 per token might not be the price then, but it will be far more than what it’s now.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by SpaceX on Unsplash

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Where will Tron (TRX) be when we land in the same month next year?

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Tron TRX
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The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.

The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.

Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).

The expected value of Tron TRX in a year or so now?

On a positive note, Tron has released lots of projects to aid and benefit its users worldwide, ever since the launch of its MainNet. Even recently, the blockchain announced another mega project known as Project Atlas. Despite the start of these projects, there hasn’t been a significant change in its price until recently. It is essential to know that even when these projects were getting launched, its price kept depreciating.

There aren’t any upcoming projects on…

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Litecoin Cash (LCC): The potential mover?

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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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