XRP Could Surge to $60 Overnight by Capturing a Fraction of SWIFT's Transaction Volume, Crypto Analyst Claims

Levi Rietveld, a popular crypto analyst with 122,000 followers on Twitter, has released a new video detailing how XRP could potentially surge to $60 overnight by capturing a fraction of SWIFT's transaction volume.

A popular crypto analyst with over 122,000 followers on X has released a new video detailing how XRP could potentially surge to $60 overnight by capturing a fraction of SWIFT’s transaction volume.

In his analysis, the analyst delves into the mechanics of SWIFT, the global financial messaging network that processes a significant portion of international payments. He highlights that SWIFT handles approximately $7 trillion per day, amounting to about $1.5 quadrillion annually.

The analyst argues that the crypto asset offers significant advantages over traditional SWIFT transactions, including faster settlement times, lower fees, and the elimination of the need for banks to hold large reserves in multiple currencies. “It’s cheaper, it’s faster, it’s more reliable, and it costs businesses a lot less money to use overall because they don’t need to hold these massive reserves of every single currency that exists—they just hold XRP,” the analyst notes.

He also discusses the potential for a supply shock if institutions begin accumulating the crypto asset. He points out that a substantial portion of the token is locked in escrow, and institutional demand could 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. “With how limited the XRP supply is already, it’s going to allow us to see XRP’s price just catapult to levels never seen before.”

Looking ahead, the analyst is 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. “This next year, though, I do think that XRP is going to be going above $10—not a doubt in my mind.”

XRP’s price has been on a rollercoaster ride this year, surging to highs of over $0.70 in January before crashing to lows of under $0.30 in March. The token has since been recovering and is currently trading at $0.5266, according to CoinGecko.

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