Market Expert Says XRP Price Can Reach $100 If This Happens

Source Bitcoinist

A recent discussion within the XRP community has reignited speculation surrounding the token’s future price trajectory. The catalyst for this discussion was a bold prediction made by Crypto Tank, a prominent crypto analyst. He suggested that XRP could reach a $100 price target if it captures 10% of the daily transaction volume handled by SWIFT, the Society for Worldwide Interbank Financial Telecommunication.

XRP’s Ambitious $100 Price Target: A Deep Dive

To provide context, SWIFT processed approximately $5 trillion in daily transactions as of June 2022. If XRP were to secure 10% of this volume, it would equate to handling roughly $500 billion in daily transactions. This significant increase in transaction volume could potentially drive a substantial rise in XRP’s price. 

This figure is in stark contrast to XRP’s current average daily transaction volume of about $1 billion. However, to achieve this hypothetical milestone, the digital asset’s volume would need to increase by a factor of 500. Interestingly, this ambitious $100 price target for XRP has gained significant traction within the community, with many pundits providing different reasons for their projections. 

For instance, Rietveld, a renowned crypto analyst, in a video, confidently predicted a much sooner-than-expected surge in XRP’s price. According to Rietveld, a significant accumulation phase is currently underway, positioning XRP for a major breakout that could lead to life-changing gains for early investors. 

Rietveld’s bullish outlook is partly influenced by the commentary of Cathie Wood, CEO of Ark Invest, a well-respected asset management firm known for its investments in Bitcoin ETFs. He emphasized that as major institutions like BlackRock and JPMorgan introduce cryptocurrency offerings to their wealthiest clients, liquidity is expected to flow into the broader market, potentially driving altcoins like XRP to new heights.

However, Crypto Tank argued that most of these forecasters lack a deep understanding of the factors influencing the market. He speculated that if XRP absorbed 10% of SWIFT’s daily transaction volume, XRP’s price could reach $100, which he considered a more conservative valuation. He further urged investors to “Do yourself and your mental state a favor and stop listening to all these chartists predicting different $’s.”

Community Reacts to $100 Price Prediction

The XRP community has responded to the $100 price prediction with a mix of enthusiasm and skepticism. While some community members enthusiastically agreed with Crypto Tank, others, like Scam Detective, pointed out potential inconsistencies in his analysis.

Scam Detective noted that Crypto Tank’s advice against relying on price predictions seemed contradictory to his own speculation about XRP’s future price. 

“Take the advice in his first two sentences. The remaining text is what he is warning you to ignore.”

 

Another community member observed that while chart analysis offers probabilistic insights, its value can increase with more data. However, they acknowledged that the limited historical data for cryptocurrencies makes accurate predictions based on chart analysis challenging.

XRP price chart from Tradingview.com
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Outlook 2025As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
Author  TradingKey
Jan 23, Thu
As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
placeholder
Gold price recovers further from one-month low amid a weaker USDGold price (XAU/USD) is building on the previous day's goodish recovery from the $3,248-3,247 region or a one-month low and gaining positive traction for the second successive day on Tuesday.
Author  FXStreet
23 hours ago
Gold price (XAU/USD) is building on the previous day's goodish recovery from the $3,248-3,247 region or a one-month low and gaining positive traction for the second successive day on Tuesday.
placeholder
Eurozone June Inflation Preview: EUR/USD Expected to Rise Initially, Then DeclineOn 1 July 2025, the Eurozone will release its June inflation data.
Author  TradingKey
23 hours ago
On 1 July 2025, the Eurozone will release its June inflation data.
placeholder
Bitcoin Price Forecast: BTC slips below $107,000 even as exchange reserves hit 6-year low Bitcoin (BTC) slips below $107,000 at the time of writing on Tuesday, continuing a mild pullback from the previous day.
Author  FXStreet
20 hours ago
Bitcoin (BTC) slips below $107,000 at the time of writing on Tuesday, continuing a mild pullback from the previous day.
placeholder
Dollar Endures Worst Half in Decades: What's Next for 2025?The dollar experienced its weakest first half in more than 50 years, hurt by geopolitical tensions and former President Donald Trump's trade policies.
Author  Insights
19 hours ago
The dollar experienced its weakest first half in more than 50 years, hurt by geopolitical tensions and former President Donald Trump's trade policies.
goTop
quote