Ripple network growth above Visa and SWIFT would send XRP prices rising to $8,550 with daily transactions outpacing $8.55 trillion. As Ripple’s blockchain technology enters the realm of payments, there is still debate regarding how possible such a price surge could be.
Today, SWIFT, the world’s number one payments network, processes payments between $5 trillion and $7 trillion a day. The network is being adopted all over the world by more than 11,000 financial institutions in more than 200 countries.
AI Model Grok3 Predicts XRP at $8,550, Is It Feasible?
On the other hand, Ripple is now growing its global footprint and had reached almost 80 countries but not as much as SWIFT’s transaction volume. While its current position is good, it is actually a strong competitor in the payments industry, and its blockchain is capable.
A mark in the direction of the financial ecosystem would be if the network earns an average daily transaction volume of $8.55 trillion. In addition, this could also bolster Ripple adoption more if they later release 1 billion XRP per month from escrow to increase liquidity and settlement efficiency.
Using this assumption as a basis, AI model Grok3 predicts that XRP will gain as much as $8,550. Beyond the project’s central purpose Ripple is expected to grow so aggressively as to reach the $30,000 price range per token if derivative volume surpasses $30 billion dollars per day.
However, market analysts are skeptical. Current circulating XRP supply of 57.88 billion tokens, a $8,550 price tag would yield market cap of $494 trillion which is an astronomical number for today’s financial ecosystem.
Key Support Levels Holding: Can XRP Break Resistance?
XRP is experiencing the normal volatility in the general crypto market trend as of today. The token plunged 17 percent over the last month and trades for $2.66 with market cap of $154 billion.
VipRoseTr, an analyst on X (was formerly known as Twitter) proposes that the XRP price is headed for $5 as it makes a bullfalling wedge pattern. In case the XRP breaks the upper trendline resistance, it would be a strong indicator of an increasing momentum. In such a situation, the first target would be the recent high of $3.4, as XRP would try to reach the $5 mark.
XRP still holds above a major support level suggesting, though it has just undergone a price pullback, the market is not under the complete dominance of sellers. If the buyers manage to convert the upper trendline resistance to a support level then a stronger uptrend can be anticipated.
All things considered, if Ripple’s price is to see a decent rally from this point ahead, a price of $5 would be perfectly reasonable. But astronomical XRP projection of $8,550 per token remains highly unlikely given the token’s ample supply and market capitalisation.
However, realistic price targets for Ripple are far lower than the peaks that some AI models have forecasted and the company’s innovation and continued adoption within the payments industry could continue to drive the value upward. Before making any investment decision, investors remain cautious and take into view the fundamental factors.
This news is republished from another source. You can check the original article here