- Despite being down 3.34% to $2.24, XRP price shows bullish signs after breaking out of a falling channel.
- Ripple CEO Brad Garlinghouse says XRP could capture 14% of SWIFT’s global payments volume within 5 years.
- With the SEC lawsuit behind Ripple and SWIFT beginning digital asset trials in 2025, XRP’s runway is clear.
XRP price is down 3.34% in the last 24 hours to trade at $2.24 despite Ripple’s CEO, Brad Garlinghouse, dropping a bombshell at the APEX 2025 event in Singapore.
He is predicting that XRP could snatch up 14% of SWIFT’s market volume in just five years. That’s huge, but can it save XRP price, which is struggling to break above a key resistance?
Garlinghouse Says XRP Price Could Capture 14% of SWIFT Volume
Speaking at the XRP Ledger Apex event in Singapore, Garlinghouse said XRP is capable of taking up 14% of SWIFT’s volume in the next 5 years. SWIFT is the big dog in global payments, handling trillions of dollars daily. If XRP grabs 14% of that pie, we’re talking about a game-changer.
Garlinghouse’s vision is clear: XRP’s on-demand liquidity could revolutionize cross-border transactions, making it faster and cheaper than traditional banking.
According to Garlinghouse, SWIFT’s got two main components, which are messaging and liquidity, and XRP’s eyeing that liquidity. Banks control it now, but XRP’s ready to take it up as global finance hurtles toward an on-chain future.
XRP Price Hits Resistance — What Next?
The XRP/USD chart shows the asset in a bullish trend on the 4-hour time frame, with the 50-day Simple Moving Average (SMA) and 200-day SMA sloping down, suggesting some weakness. This all happens after the XRP price broke out of a falling channel. It’s a mixed bag, but the momentum is there.
The 14-day Relative Strength Index (RSI) at 49.49 suggests the asset is not oversold yet, leaving room for a potential bounce-back if the bulls step in. A close below the 200-day SMA support might send us dipping to $2.00, which aligns with the top of the falling channel, constituting a successful retest usually followed by a pump.
Garlinghouse’s prediction isn’t just hot air. The SEC recently dropped its case against Ripple, clearing a significant hurdle for XRP’s adoption. Market observers are hyped, seeing XRP as a legit contender to SWIFT.
What’s more, with live trials of digital asset transactions on SWIFT starting in 2025, the timing couldn’t be better. XRP’s fully diluted valuation is around $223 billion, and it’s ranked 4th on CoinGecko. The stage is set for a breakout.
How High Can XRP Price Go If It Captures 14% Of SWIFT’s Volume?
If XRP captures 14% of SWIFT’s volume, we’re looking at a potential price surge. Some analysts are throwing around $1,000 per XRP, but realistically, that might be a stretch. More conservative estimates peg it around $7.64 to $460, depending on market dynamics and XRP’s velocity. Still, that’s a wild gain from its current price.
Although XRP is currently bearish in the short term, it has potential. The 14% SWIFT capture is ambitious but not impossible. Investors should keep an eye on that key support at the 200-day SMA and the resistance around $2.34. If Garlinghouse’s vision pans out, XRP could be the talk of the crypto world for the foreseeable future.
