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Ripple CEO Brad Garlinghouse predicted that XRP could soon take a chunk of 
SWIFT’s trading volume. Meanwhile, Circle’s USDC recently launched on the XRP 
Ledger (XRPL). Both developments could provide a huge boost for the XRP price, 
given the altcoin’s role in the XRPL ecosystem. XRP Price Gets A Boost With 
Ripple CEO Garlinghouse’s Prediction At the XRPL Apex Conference, Brad 
Garlinghouse predicted that the XRP could capture 14% of the volume that SWIFT 
processes by 2030. He noted that SWIFT has two key components: messaging and 
liquidity. The Ripple CEO added that liquidity is where the power lies and 
that if XRP drives the liquidity layer, it would gain significantly. This 
could also spark a surge in the XRP price in the process. Related Reading: 
Ripple Issues Stern Warning To Investors As CEO Celebrates New XRP Milestone 
Ripple uses XRP for its payment services, which it runs on the XRPL. In this 
case, Ripple is betting on taking 14% of SWIFT’s trading volume because of how 
fast and easy it is to process these cross-border transactions using 
blockchain technology. This isn’t the case for SWIFT, as the platform focuses 
more on interbank messaging for these cross-border transfers. In a now-deleted 
X post, pro-XRP lawyer John Deaton commented on this prediction and what it 
could mean for the XRP price. He stated that SWIFT processes approximately $5 
trillion in transactions daily. This means that 14% of SWIFT’s daily market 
volume equates to $700 billion daily or approximately $175 trillion annually. 
Deaton failed to give a particular price prediction based on these numbers. 
However, Fruition, another XRP community member, provided a calculation that 
could put the XRP price in triple digits. In an X post, they noted that SWIFT 
moves 150 trillion per year and that 14% of that is 21 trillion. Fruition 
added that 21 trillion through the XRPL means 58 billion tokens, which equates 
to $357 for the XRP price. Circle’s USDC Launches On XRPL In an X post, Circle 
announced that its USDC stablecoin is now available on the XRP Ledger, another 
development that is bullish for the XRP price. The stablecoin firm noted that 
XRPL users will now be able to use USDC for DeFi liquidity provisioning, 
payments, and it could also serve as a settlement option for infrastructure 
apps. Related Reading: Daily Timeframe Says XRP Price Is On The Verge Of 
Breakout Crypto analyst Moon Lambo broke down why the USDC launch on XRPL is 
bullish for the XRP price. He stated that this development will substantially 
increase the total value locked on the network, which is a major predictor of 
whether the XRP price will appreciate. The crypto analyst added how this 
provides additional utility for XRP. He noted that the altcoin will be used to 
pay gas fees on every USDC transaction on the network. At the time of writing, 
the XRP price is trading at around $2.15, up almost 2% in the last 24 hours, 
according to data from CoinMarketCap. Featured image from Getty Images, chart 
from Tradingview.com

Ripple Plans To Take 14% Of SWIFT Volume, USDC Lands On XRPL – What Does This Mean For XRP Price?

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