The international remittance market is rapidly changing. While SWIFT, the representative of traditional financial networks, is shaking, XRP is quickly emerging as an alternative.
Brad Garlinghouse, CEO of Ripple, recently stated that "XRP Ledger (XRPL) will occupy up to 14% of the SWIFT market within the next 5 years." This means Ripple can become a major axis in the global remittance market, which amounts to about 29,190 trillion won. This statement came at a time when SWIFT's annual processing volume has decreased by nearly 15%, showing an aggressive outlook confident in XRPL's scalability and technological capabilities.
XRPL's on-chain data supports this. The average daily transaction volume exceeds 830,000, with active addresses reaching 29,000. On decentralized exchanges (DEX), daily trading volume reaches $16.7 million (about 23.2 billion won), and wage and remittance transactions record $8.7 million (about 12.1 billion won) daily. Particularly, RLUSD stablecoin trading is steadily contributing to XRP's circulation reduction and liquidity expansion.
The EVM-compatible XRPL sidechain launched in June is another growth engine. In the first week of its launch, over 1,400 smart contracts were deployed, with more than 1,300 still active. This has led to increased institutional and developer demand, and XRPL is rapidly evolving from a simple remittance platform to a DeFi platform.
RLUSD issued by Ripple is also drawing attention as a 'game changer'. Crypto analyst Paul Baron evaluated that "RLUSD will become a core asset of a regulation-friendly payment infrastructure." RLUSD has enhanced its credibility through 1:1 dollar collateral and monthly audit systems, and is also contributing to alleviating deflationary pressure.
The technical outlook is also positive. Crypto analyst 'The Great Gatsby' analyzed that XRP is showing strong upward signals based on Bollinger Band expansion. Through Gann-based analysis, he predicted that XRP could rebound to $45 (about 62,550 won) and that a pattern similar to the 2017 bull market is emerging.
