Ripple&#8217;s own top engineer has thrown cold water on one of the XRP community&#8217;s 
most persistent theories — that the company&#8217;s 1,700 non-disclosure agreements 
are hiding secret, large-scale adoption plans. Related Reading: Bitcoin’s Path 
To $100K May Happen Before Anyone Understands Why: Analyst Chief Technology 
Officer David Schwartz said those NDAs are standard business practice and that 
claims of massive undisclosed events are &#8220;almost always completely false.&#8221; No 
coordinated government plans. No hidden catalysts. Just routine 
confidentiality agreements. What The Numbers Actually Show That clarification 
comes at an odd moment — right as Ripple is touting figures that have the XRP 
community buzzing anyway. The company recently described its platform as the 
world&#8217;s most adaptable treasury platform, pointing to 13,000 connected banks 
and more than $12 trillion in annual payment volume running through its 
system. Those numbers trace back largely to Ripple&#8217;s 2025 acquisition of 
GTreasury, a treasury management firm purchased for $1 billion. That deal 
brought an already-established network of financial institutions under 
Ripple&#8217;s roof. The world&#8217;s most adaptable treasury platform, trusted by 
industry leaders worldwide. 100% cash visibility. 13,000 connected banks. 
$12.5T in payments volume. See why → https://t.co/HBFXch1n4m 
pic.twitter.com/uIqpmz2bHw — Ripple (@Ripple) April 30, 2026 Veteran investor 
Patrick L. Riley put the 13,000-bank figure in context. With roughly 
4,000-plus banks and a similar number of credit unions in the US alone, he 
said the total implies a wide international reach, particularly across Western 
financial systems. Reports indicate XRP supporters had previously connected 
Ripple&#8217;s NDA disclosures — which surfaced during the SEC vs. Ripple Labs case 
— to those same banking partnerships. The latest figures appear to go further 
than what those court documents suggested. Price Projections Draw Scrutiny 
Riley also floated a speculative framework suggesting XRP could be worth $625 
per token if 20 billion XRP were responsible for moving all $12.5 trillion in 
annual flows. The token currently trades around $1.37. That gap is enormous, 
and analysts warn the projection rests on shaky assumptions about liquidity 
use and token velocity. XRP&#8217;s value, under this model, would depend less on 
market sentiment and more on how deeply banks actually use the token in real 
transactions. That last part is the sticking point. Ripple&#8217;s payment system 
does not always require XRP to function. Reports note it remains unclear what 
share of that $12.5 trillion actually moves through XRP versus Ripple&#8217;s 
broader infrastructure. Having 13,000 banks in a network is one thing. Getting 
them to route payments through a digital asset is another. Related Reading: 
Bitcoin Could Be One Breakout Away From A Structural Shift: Analysts Schwartz 
Pushes Back On Hype Schwartz has been direct. He acknowledged that NDAs do 
involve confidentiality but said the theories building around them go well 
beyond what the agreements actually cover. According to Schwartz, the idea 
that something earth-shattering is waiting to be revealed misreads how these 
arrangements work in practice. Featured image from Unsplash, chart from 
TradingView

XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide

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XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide

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