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Ripple CEO Brad Garlinghouse He predicted that XRP could soon take part of the Swift commercial volume. Meanwhile, USDC Circle was recently fired at the book XRP (XRPL). Both changes can ensure a huge raise in XRP price, taking into account the role of Altcoin in the XRPL ecosystem.
XRP Price receives reinforcement with a ripple CEO Garlinghouse forecast
On XRPL APEX conferenceBrad Garlinghouse predicted that XRP can capture 14% volume, which processes SWIFT by 2030. He noticed that Swift has two key elements: sending messages and liquidity. . Ripple CEO It has been added that fluidity lies in power and that if XRP drives a layer of liquidity, it would gain significantly. It can also cause an XRP price raise.
Ripple uses XRP for his payment serviceswhich works on XRPL. In this case, RIPPLE plays 14% of the Swift rotation volume due to the rapid and effortless to process these cross -border transactions using blockchain technology. This is not the case with Swift, because the platform is more focused on interbank transmission for these cross -border transfers.
In the currently removed x post, PRO-XRP lawyer John Deaton He commented on this forecast and what it could mean for the price of XRP. He stated that SWIFT processes about $ 5 trillion in transactions per day. This means that 14% of the daily volume of the Swift market corresponds to $ 700 billion a day or about $ 175 trillion a year. Deaton did not provide a specific price forecast based on these numbers.
However, another member of the XRP community provided calculations that could place the price of XRP in triple digits. IN X PostThey noticed that Swift is moving 150 trillions a year, and 14% of them are 21 trillions. The return added that 21 trillion by XRPL means 58 billion tokens, which corresponds to USD 357 price XRP.
USDC Circle starts on XRPL
IN X PostCircle announced it His USDC Stablecoin It is now available in the Book of XRP, another development, which is stubborn at the price of XRP. Stablecoin has noticed that XRPL users will now be able to exploit USDC to provide liquidity, payments, and can also be used as a settlement option for infrastructure applications.
Cryptographic analyst Moon Lambo broke down Why the premiere of USDC at XRPL is stubborn at the price of XRP. Stated that this development would significantly raise the total value blocked on the network, which is the main predictor of this or The price of XRP will appreciate. The cryptographic analyst added how it provides additional utility for XRP. He noticed that Altcoin would be used to pay gas fees for each USDC transaction on the network.
At the time of writing, the price of XRP is around USD 2.15, which is an raise of almost 2% in the last 24 hours data with coinmarketcap.
A distinguished picture from Getty Images, chart from TradingView.com
