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Levi Rietveld, a prominent figure in the cryptocurrency analysis community with a substantial following of 122,000 on the platform X, has recently released a comprehensive video analysis. The focus of this analysis is on the potential of XRP to experience a dramatic surge in value, potentially reaching $60 overnight. This optimistic forecast is based on the possibility of XRP capturing a portion of SWIFT’s transaction volume. Rietveld teases this potential in his latest video, stating, “XRP will hit $60 overnight with this SWIFT news! Here’s the math!!”
How XRP Could Skyrocket to $60 Overnight
In his detailed breakdown, Rietveld explores the intricate mechanics of SWIFT, the globally recognized financial messaging network responsible for processing a substantial portion of international payments. SWIFT processes approximately $7 trillion each day, culminating in an astonishing $1.5 quadrillion annually. Rietveld suggests that if XRP were to capture just 5% of SWIFT’s business, it could signify a substantial increase of 1,252 times in XRP’s volume compared to current levels.
“This could translate into an over 9,000% increase for XRP, potentially pushing its price to around $50 per coin,” Rietveld elaborates. The implications of such a scenario could be profound for XRP holders and investors, offering unprecedented opportunities for growth.
Broader Implications for XRP’s Future
Rietveld expands on his analysis, considering scenarios where XRP could capture a more significant portion of SWIFT’s transaction volume. He suggests that if XRP were to secure 10% or even 20% of SWIFT’s volume, the cryptocurrency’s value could skyrocket to $100 or surpass $200 per coin, respectively. “The amount of price impact that we are able to see for XRP if we eat into just a very small portion of SWIFT’s overall volume is insane,” he emphasizes, highlighting the unique potential of this digital asset.
Rietveld argues that XRP offers substantial advantages over traditional SWIFT transactions. These advantages include faster settlement times, reduced fees, and the elimination of the need for banks to maintain large reserves in various currencies. “It’s cheaper, it’s faster, it’s more reliable, and it costs businesses a lot less money overall because they don’t need to hold these massive reserves of every single currency that exists—they just hold XRP,” Rietveld notes.
Potential Supply Shock and Long-term Prospects
Rietveld also discusses the potential for a supply shock if institutions begin accumulating XRP. He points out that a significant portion of XRP is locked in escrow, and institutional demand might exceed the available public supply. “That’s not enough, frankly speaking. That’s not enough XRP for all these institutions, so they’re going to have to buy from the public supply—the XRP that me and you are buying,” he says, underlining the possibility of a supply-driven price surge.
Looking ahead, Rietveld remains optimistic about XRP’s long-term prospects. “I could literally see this thing going to $200 per coin very easily, and I think this is something that we could actually see happen within the next 10 years—not in the next five, but in the next 10 years,” he predicts. As for the near future, Rietveld anticipates XRP surpassing $10 within the next year, expressing unwavering confidence in this outlook.
Current Market Status
As of the latest update, XRP is trading at $0.5266, maintaining a position above the 200-week EMA and trend line. This stability provides a foundation for the potential price movements outlined by Rietveld in his analysis.
With these insights, investors and enthusiasts alike are keenly watching XRP’s trajectory, eager to see if Rietveld’s bold predictions come to fruition in the coming years.
