XRP Could Capture 14% of SWIFT Volume: Ripple CEO Garlinghouse projects XRP may handle $21T annually, driven by liquidity over messaging.

XRP Eyes Double Digits: With rising institutional interest and possible SWIFT ties, XRP is positioned for a major breakout, says Ripple CEO.

In a bold projection, Ripple CEO Brad Garlinghouse has predicted that XRP could be handling 14% of SWIFT’s global transaction volume and processing around $21 trillion in payments annually, by 2028.

Garlinghouse was speaking at the XRP APEX 2025 event in Singapore, where he touched upon the key factor driving XRP’s unique position – liquidity.

While SWIFT is recognized for its messaging system in facilitating cross-border payments, the true essence lies in the liquidity factor, according to Garlinghouse.

“We’re not trying to replace SWIFT messaging, but rather the liquidity part of it. So, if you look at SWIFT today, they estimate about $150 trillion flows across the SWIFT system in a year. If we’re able to get 14% of that volume, that’s $21 trillion a year in cross-border payments,” Garlinghouse said.

To put this into perspective, the International Monetary Fund (IMF) has estimated that the total value of goods and services produced in the global economy in 2023 will be around $109 trillion.

Garlinghouse explained that XRP wouldn’t be storing the full $21 trillion on its ledger. Instead, the tokens would be rapidly circulating, with the amount of XRP needed at any given time depending on the “token velocity.”

At the moment, XRP is ranked fourth on CoinMarketCap, with a market cap of $136 billion and the token is trading at $2.31 after modest gains this week.

Institutions are showing more interest in blockchain-based solutions, especially for cross-border payments, and this is putting XRP in the spotlight.

Earlier this year, Garlinghouse hinted at the possibility of a collaboration, or even replacement, between Ripple and SWIFT. A former SWIFT employee also claimed that some banks had tested XRP’s compatibility with the SWIFT system.