Ripple CEO Brad Garlinghouse Has Outlined a Scenario

In a speech at the 2025 XRPL Apex event in Singapore, Garlinghouse suggested that the XRP Ledger could, within the next five years

Ripple CEO Brad Garlinghouse has revealed a scenario that could drastically increase the price of XRP.

Speaking at the 2025 XRPL Apex event in Singapore, Garlinghouse suggested that the XRP Ledger could, within the next five years, handle 14% of the transaction volume currently processed by the SWIFT financial network.

During a panel discussion, a journalist asked Garlinghouse and Ripple’s Chief Technology Officer, David Schwartz, how much of SWIFT’s global transaction volume the XRPL could realistically support by 2030.

Garlinghouse began by clarifying that SWIFT operates primarily as a messaging system, while the XRPL focuses on providing on-demand liquidity.

“We’re not talking about SWIFT messages; we’re talking about the transactions that are settled on-chain with liquidity. I think it’s possible that the XRP Ledger could move 14% of the transactions that SWIFT settles in a year.”

SWIFT is commonly cited as moving $5 trillion daily, but this figure refers to message traffic rather than the value of settled transactions. A more conservative figure published by Forbes in 2023 estimates that SWIFT’s actual annual transaction volume is closer to $150 trillion.

Applying Garlinghouse’s 14% estimate to that figure, the XRPL would process approximately $21 trillion annually.

To visualize how this level of volume could affect XRP’s price, we asked ChatGPT from OpenAI to analyze the numbers based on current market metrics.

At the time of the projection, XRP was priced at $2.24, with a circulating supply of 58.81 billion tokens. This resulted in a market capitalization of roughly $131.9 billion. If the total supply of 100 billion XRP is considered, the fully diluted valuation would be around $224 billion.

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XRP is designed for high-frequency transactions and is not significantly burned during use, which means it is recycled across multiple transactions. Therefore, its market value is shaped more by how often it circulates and how much liquidity is required to support transaction flow rather than by scarcity.

If each XRP token were to turnover 30 times per year, roughly once every 12 days, supporting $21 trillion in volume would require a liquidity base of about $700 billion. To meet this requirement with the current token supply, each XRP would need to be valued at approximately $11.90.

Additional market factors, such as institutional adoption and investor sentiment, could further increase the token’s valuation. Should speculative interest lead to a 1.5 times multiple of the required liquidity level, for instance, the token’s price could rise to around $17.85. And if the market valuation were to double the base liquidity estimate, the price per XRP could be as high as $23.81.

It’s important to note that these projections rely on several conditions being met. Notably, XRP must remain the core asset for transactions on the XRPL, and the estimated turnover rate of 30 times per year must be maintained. If tokens circulate more frequently, the liquidity pool needed would decrease, potentially altering the price outlook.

If Ripple’s forecast holds and XRPL becomes a major player in global liquidity, XRP could experience significant appreciation, with its value potentially rising to double digits.

This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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