XRP Price Set to Surge as SWIFT Trials Ripple Integration, Analysts Estimate $1.5 Trillion in Demand

Ripple's XRP price may surge as SWIFT tests integration with the XRP Ledger. SWIFT's move to the ISO 20022 standard in 2025 could make XRP a bridge asset for faster and cheaper international payments. If successful, demand for XRP could skyrocket, driving up its price. Ripple is already building momentum with partnerships and increasing the token's utility, which analysts argue will drive value. The real opportunity is in liquidity, with estimates suggesting 1% of SWIFT's $150 trillion in annual transactions could generate $1.5 trillion in demand for XRP.

SWIFT, the global payments backbone, has initiated trials to integrate Ripple’s XRP Ledger, preparing for the ISO 20022 standard transition by 2025. This development could significantly impact XRP (XRP-USD), potentially transforming it from a volatile altcoin to a critical part of global finance.

The integration tests are crucial as they could position XRP as a bridge asset, facilitating faster and cheaper international payments. Currently, SWIFT transactions can take up to five days and cost between $26 to $50 per transfer. In contrast, XRP can handle the same transactions in under four seconds for less than a fraction of a cent [1].

Ripple is not merely waiting for SWIFT’s decision; it is actively building momentum with partnerships. For instance, Ripple's collaboration with SBI in Japan introduced RLUSD, a stablecoin that enhances the speed and efficiency of cash-to-crypto conversions. Each time XRP is utilized in these transactions, it adds to the token’s utility, driving demand [1].

The real opportunity lies in liquidity. Analysts estimate that if just 1% of SWIFT’s $150 trillion in annual transactions moved through XRP, it could generate $1.5 trillion in demand for the asset. This potential could push XRP to unprecedented price levels [1].

SWIFT is not the only blockchain vying for this role. Hedera Hashgraph is also being tested, but Ripple has a first-mover advantage with years of partnerships and a proven track record in moving money. This advantage gives XRP a head start in being the token that institutions already trust [1].

The ISO 20022 standard is designed to create a universal language for financial transactions, enhancing interoperability between traditional systems and blockchain-based platforms. RippleNet is already aligned with ISO 20022, ensuring compatibility with banks and payment providers. This alignment positions XRP to provide liquidity across multiple currencies once connected through the ISO 20022 framework [2].

The U.S. Department of Commerce’s Bureau of Economic Analysis recently published its second-quarter Gross Domestic Product report on the XRP Ledger, demonstrating the token’s capability for secure and efficient record-keeping. This action highlights XRP Ledger’s potential for wider adoption in government and institutional sectors [3].

In conclusion, the SWIFT trials and the broader transition to ISO 20022 present significant opportunities for XRP. If successful, the integration could drive up demand for XRP, potentially leading to a surge in its price. Investors and financial professionals should closely monitor these developments.

References:
[1] https://www.tipranks.com/news/xrp-price-may-be-on-the-verge-of-a-surge-as-swift-trials-ripple-integration
[2] https://timestabloid.com/iso-20022-opens-direct-connection-between-ripplenet-xrp-and-swift/
[3] https://timestabloid.com/u-s-gdp-data-published-on-xrp-ledger-heres-how/