XRP Vs SWIFT: Ripple CEO Targets Global Payment Dominance — $5 XRP Possible?

Ripple CEO Brad Garlinghouse has declared a bold ambition: to replace SWIFT as the world’s dominant cross-border payment network. He recently stressed that the company has a “massive” opportunity after the resolution of the Ripple SEC case. Garlinghouse noted that trillions move annually via SWIFT’s system, which remains inefficient and costly for users.

He argued that Ripple’s tech offers speedier, more affordable transactions, presenting a better choice for many. Increased crypto adoption in the US due to the “Trump effect” supports his view that Ripple can now challenge SWIFT’s dominance. He highlighted that his firm added more US banks recently than over the previous six months combined. This underscores XRP’s increasing attractiveness for efficient payment solutions.

Why XRP Can Replace SWIFT

XRP offers potential as a SWIFT replacement because it enables instant international payments between parties. The established system uses many intermediary banks, which causes delays and higher operational costs. Due to necessary processing and regulatory steps, SWIFT transfers may require one to five business days. Conversely, XRP’s blockchain technology settles transactions within mere seconds.

Another XRP advantage is that it functions effectively as a bridge currency. SWIFT often needs pre-funded accounts in foreign banks for settlement, tying up capital and reducing liquidity. XRP addresses this issue through real-time currency conversions, significantly boosting transaction efficiency. Financial bodies seeking efficient, cheaper international transfers find XRP particularly appealing for this reason.

The Technology Edge: XRP vs SWIFT

Underlying technology fundamentally separates XRP from the established SWIFT network. The established system mainly sends messages between banks; conversely, XRP utilizes blockchain for direct transaction settlement. The current dependence on intermediaries often leads to inefficiencies, unlike XRP’s secure, transparent ledger technology.

Ripple’s On-Demand Liquidity service provides another clear advantage over SWIFT’s model. This service uses XRP for smooth international transfers, bypassing conventional banking infrastructure. It removes the need for expensive intermediaries and reduces risks associated with constant exchange rate fluctuations during transfers.

The Impact on XRP Price if It Displaces SWIFT

XRP’s market value might grow substantially if Ripple successfully replaces SWIFT for most cross-border payments. Analysts believe increased XRP adoption as a settlement asset will likely boost demand and price. Since resolving the Ripple SEC case, the company has expanded aggressively within the United States financial market. Experts think broad institutional adoption might push XRP over the $5 price mark.

Chart 1 – Published on TradingView, March 29, 2025.

At present, XRP trades near $2.12; technical analysis shows key resistance around the critical $3 mark. Breaking this resistance level could trigger a bullish rally aiming for $5. This potential move would represent a 135% increase from current trading levels. However, falling below the $1.96 support might diminish positive market sentiment surrounding XRP. Despite price swings, Ripple’s progress with banks suggests potential long-term XRP stability and adoption growth.

The Future of Global Payments: SWIFT or XRP?

Today’s complex financial world changes quickly, and Ripple’s blockchain progress makes it a strong player in the XRP vs SWIFT challenge. Although SWIFT holds a firm position globally, many now view its older infrastructure negatively. Ripple offers speed, lower costs, and improved transparency, establishing itself as a clear alternative to the established system.

Ultimately, adoption rates will determine XRP’s overall success in this highly competitive space. If more financial entities adopt Ripple’s growing network, SWIFT’s current dominance might decrease over time. Yet, remaining regulatory questions and resistance from conventional banking circles present ongoing challenges for Ripple. If Ripple maintains steady expansion and gains key strategic partners, replacing SWIFT could follow,  significantly transforming how global payments function today across borders and boosting XRP price to new heights.