Ripple CEO Forecasts XRPL to Capture 14% of SWIFT’s Transaction Volume by 2030
In a bold projection at the 2025 XRPL Apex event in Singapore, Ripple CEO Brad Garlinghouse announced that the XRP Ledger (XRPL) could account for 14% of SWIFT's transaction volume within the next five years. Highlighting XRPL's real-time settlement capabilities as a superior alternative to SWIFT's messaging-based system, Garlinghouse underscored the potential for significant market disruption. CTO David Schwartz further supported this vision, emphasizing the technological advancements that position XRPL as a formidable competitor in global finance. This ambitious target reflects growing confidence in XRP's utility and adoption, signaling a transformative shift in cross-border payments by 2030.
Ripple CEO Projects XRPL to Capture 14% of SWIFT's Transaction Volume Within Five Years
Ripple CEO Brad Garlinghouse has set an ambitious target for the XRP Ledger (XRPL), forecasting it could handle 14% of SWIFT's transaction volume by 2030. The declaration came during the 2025 XRPL Apex event in Singapore, where Garlinghouse emphasized XRPL's real-time settlement capabilities as a key differentiator from SWIFT's messaging-based system.
CTO David Schwartz bolstered the claim, highlighting XRPL's technical capacity to compete in global liquidity markets rather than just payment messaging. Analysts estimate achieving this goal WOULD require a $700 billion liquidity pool to support projected annual volumes of $21 trillion.
The XRP community has interpreted these statements as a strategic roadmap rather than speculative hype, signaling Ripple's intent to position XRPL as critical infrastructure in the evolving cross-border payments landscape.
Ripple and SEC Seek Court Approval for Revised $125M Settlement
The protracted legal battle between Ripple Labs and the U.S. Securities and Exchange Commission may reach its conclusion if Judge Analisa Torres approves a joint motion filed on June 12. The proposal seeks to amend the final judgment, lift an existing injunction, and implement a restructured $125 million settlement.
Under the revised terms, the SEC would receive $50 million while the remainder reverts to Ripple. Both parties argue the settlement avoids prolonged litigation amid evolving regulatory conditions. The motion represents a notable departure from earlier rejected proposals, emphasizing cooperation to resolve one of crypto's most high-profile cases.
Market observers suggest Judge Torres may favor the motion despite lingering questions about its legal foundations. The outcome could set precedent for how regulators approach enforcement actions against blockchain firms.
XRP Battles to Hold $2 Support Amid Crypto Market Turbulence
XRP faces mounting pressure as it struggles to maintain the psychologically critical $2 level in a volatile cryptocurrency market. The asset briefly stabilized at $2.14 on June 13 despite broader market liquidations exceeding $1 billion.
Whale activity has intensified selling pressure, with 150 million XRP tokens reportedly dumped by large holders. Technical charts show concerning downward formations on 4-hour timeframes, casting doubt on the sustainability of current support levels.
Market participants remain cautious as analysts watch for potential breakdowns. The $2 threshold now serves as a key litmus test for XRP's near-term trajectory amid widespread crypto market weakness.
Uphold Explores XRP Staking via Flare Network Amid Regulatory Considerations
Uphold CEO Simon McLoughlin has confirmed the exchange's exploration of XRP staking mechanisms despite the asset's native lack of proof-of-stake functionality. The platform, serving over 10 million users globally, plans to leverage Flare Network's wrapped token infrastructure to enable yield opportunities.
Flare's FXRP solution would allow Uphold to freeze native XRP reserves while minting stakable wrapped tokens on the alternative network. McLoughlin notes growing Flare liquidity now makes beta testing feasible, though U.S. implementation faces additional complexity due to potential securities law implications.
The executive emphasized regulatory caution: "We must ensure wrapped XRP isn't interpreted as manufacturing a security with profit expectations." Initial rollout will prioritize non-U.S. jurisdictions as the exchange navigates compliance frameworks.
Circle Stock Rallies 25% Amid Market Volatility Following USDC Expansion to XRP Ledger
Circle Internet Group's stock (CRCL) surged 25.36% on the NYSE, closing at $133.56 despite broader market turbulence. The rally follows Circle's strategic launch of its USDC stablecoin on the XRP Ledger (XRPL) on June 12, signaling confidence in cross-chain interoperability. After-hours trading pushed gains further to $135.29, though the stock remains volatile after a 17% drop earlier in the week.
Investor appetite for CRCL appears resilient, with the stock up 93.56% since its NYSE debut. The XRPL integration marks a pivotal MOVE for USDC's liquidity reach, though newly listed stocks like CRCL continue to exhibit heightened volatility. Market participants are weighing Circle's growth trajectory against macroeconomic risks.
Fact Check Debunks Rumor of Elon Musk's $50 Billion XRP Purchase
Social media erupted with unverified claims that Elon Musk plans to acquire $50 billion worth of XRP, Ripple's native cryptocurrency, at a speculative valuation of $600.37 per token. The rumor originated from a since-deleted post by X user CryptoGeek, which lacked substantive evidence or corroboration from official sources.
Perplexity AI's fact-checking systems confirmed the absence of any legitimate announcement from Musk, Ripple, or X. Notably missing were archived copies of Musk's alleged tweet stating '#XRP is looking quite promising'—a claim CryptoGeek failed to substantiate with screenshots or verifiable data.
The episode underscores the crypto market's vulnerability to influencer-driven speculation. XRP's price remained volatile during the rumor's circulation, demonstrating the outsized impact of celebrity endorsements—real or fabricated—on digital asset valuations.
