In-Depth Analysis of XRP’s Potential Surge: Expert Predictions and Market Dynamics
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Vincent Van Code’s Bold Projection for XRP’s Future Value
Prominent developer Vincent Van Code has shared an optimistic outlook for XRP’s price trajectory, forecasting a rise to $59.40. He elaborated on Ripple’s strategic position to transform the financial landscape, which could propel a significant upswing in the altcoin’s value due to its integral role in Ripple’s ecosystem.
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Deciphering the Mathematics Behind XRP’s Potential to Reach $59.40
In a recent online post, Van Code envisioned XRP attaining a value of $59.40, bolstered by Ripple’s objective to capture 15% of SWIFT’s substantial $5 trillion daily transaction volume. This would involve utilizing RLUSD and the strategic partnerships with financial giants like Mastercard on the XRP Ledger. The developer highlighted that capturing 15% of SWIFT’s volume translates to $750 billion in daily on-demand liquidity facilitated through XRP.
Considering SWIFT’s daily processing of $5 trillion, Ripple’s ambition to secure a 15% share suggests a potential settlement of $750 billion daily via XRP. Van Code emphasized that while the total XRP supply is 100 billion, the liquid supply is approximately 13 billion due to 40 billion being locked in escrow and an estimated five to eight billion being lost.
He further explained that an additional 20 to 25 billion XRP is reserved for long-term holding or locked in DeFi/AMMs, resulting in an estimated liquid supply of 13 billion XRP. This constrained supply could drive a price surge as demand for XRP escalates through Ripple’s operations.
The developer also introduced the concept of ‘XRP Velocity,’ which he quantified as 2x daily. He clarified that each XRP is utilized in two transactions per day at most, factoring in compliance issues, exchange delays, and corridor slippage. Given these variables, Van Code projected a base price of $28.85 by multiplying the on-demand liquidity volume with the product of the available XRP supply and its velocity.
Key Market Drivers for XRP’s Ascent to $59.40
Van Code identified several real-world factors as catalysts for the anticipated final rally of XRP to $59.40. He predicted a 10% price increase as RLUSD issuance approaches $200 billion, enhancing liquidity. Furthermore, the creation of additional stablecoins on the XRP Ledger could trigger a 20% gain.
Additionally, XRP is expected to see a 30% and 20% increase following institutional adoption and the resolution of the Ripple SEC case, respectively. These cumulative gains would elevate the base price of $28.85 to reach the target of $59.40, with a projected timeline spanning 2026 to 2027.
As of the latest update, XRP is trading at approximately $3.50, having witnessed a slight uptick of over 2% in the past 24 hours, according to data from CoinMarketCap.
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