An XRP community pundit has triggered speculation regarding what could push XRP’s price to the ambitious four-digit target.

Despite XRP’s current price struggles, confidence in the asset’s potential has not waned, especially amid its impressive resilience. As a result, ambitious price predictions have persisted, with the XRP to $1,000 target taking prominence.

XRP to $1,200

Most recently, Remi Relief, an XRP community figure, has triggered discussions with his assertion that XRP could reach $1,200 by the end of the year. He suggests that capturing even a small percentage of SWIFT’s annual transaction volume could propel XRP to this ambitious price point.

SWIFT, the global interbank messaging network, processes approximately $5 trillion daily, amounting to an annual volume of around $1.25 quadrillion. Relief posits that if XRP were to handle a fraction of this volume, its value could experience substantial appreciation. 

According to him, even without factors like exchange-traded funds (ETFs), derivatives, or tokenization of assets, tapping into SWIFT’s transaction flow could be sufficient for XRP’s price surge. 

Nonetheless, this remains highly unlikely, especially as XRP would need to rally by a massive 56,238% from the current $2.13 to reach $1,200. Further, industry commentator Alex Caraco recently dismissed these lofty predictions as unrealistic. 

However, Relief’s sentiment is in line with views from other analysts who have discussed XRP’s potential in the global payment scene. Crypto researcher Crypto Tank suggested last September that if XRP captures 10% of SWIFT’s daily volume, the cryptocurrency could reach a price of $100. 

Similarly, financial analyst Levi Rietveld projected in October 2024 that XRP could surge to $60 if it captures a mere 5% of SWIFT’s transaction volume. Rietveld highlights XRP’s advantages over traditional SWIFT transactions, including speed, cost-effectiveness, and reliability, which could make it an attractive alternative for financial institutions.

Other Possible Catalysts

However, besides the potential to disrupt SWIFT, developments in financial products like ETFs could further influence XRP’s market position. 

The U.S. SEC has extended the review period for several XRP ETF proposals, including those from 21Shares, Canary Capital, and Grayscale, with a new deadline set for May 2025. Franklin Templeton, a prominent asset manager, has also entered the race to launch an XRP ETF in the U.S.

Legal experts suggest that XRP ETF approval could arrive by mid-2025, contingent on the resolution of ongoing legal battles between Ripple and the SEC. Also, Bitwise Chief Investment Officer Matt Hougan has confirmed that there is high institutional demand for XRP.

Moreover, the pro-crypto stance of the current U.S. administration under President Donald Trump has led to increased anticipation for crypto ETFs. Asset managers have filed applications for ETFs to invest in various altcoins, including XRP, with the SEC expected to become more crypto-friendly.