XRP Price Prediction: A big pump of 1300% is not a dream? The surge in on-chain activity on XRPL is the main reason.

A well-known encryption analyst predicts that the price of XRP may rise by as much as 1300%. Currently, on-chain activity on the XRP Ledger (XRPL) has significantly increased, institutional adoption rates continue to rise, and with the development of EVM sidechains, stablecoin RLUSD, and the Decentralized Finance ecosystem, XRP is entering a new pump cycle, potentially replicating the historical market conditions of 2017.

XRP Ledger is eating into SWIFT's market share

The latest report shows that the transaction volume of the traditional international transfer system SWIFT has decreased globally by 15%, while the activity of XRPL continues to rise. XRPL has advantages such as low cost, fast transfer speed (settlement within 3-5 seconds), and the lack of a need for pre-funded accounts, attracting more and more financial institutions to adopt it.

Ripple CEO Brad Garlinghouse predicted at the XRPL Summit that XRPL could capture 14% of SWIFT's transaction volume in the next five years. Considering that SWIFT processes over $150 trillion annually, this means XRPL could handle over $21 trillion in transactions.

Currently, RippleNet operates on the XRPL, having processed billions of dollars in cross-border transfers, helping banks and fintech companies optimize cash flow and reduce operating costs.

EVM-compatible sidechains launched, expanding the smart contract ecosystem

On June 30, the brand new EVM-compatible sidechains of XRPL officially launched. According to CoinGape, over 1,400 smart contracts were deployed in just the first week, with more than 1,300 still remaining active. This move marks XRPL's further expansion from a cross-border payment chain into the fields of smart contracts and Decentralized Finance.

At the same time, the stablecoin RLUSD issued by Ripple targets the global $685 billion remittance market. As users make payments, transfers, and engage in Decentralized Finance activities using RLUSD, on-chain transaction volume and demand for XRP will further increase, enhancing overall liquidity.

Expert: XRP price may hit $45, monthly technical indicators reappear 2017 trend

The well-known crypto KOL The Great Mattsby stated that the Bollinger Bands monthly line for the current XRP price has started to expand again, which is consistent with the trend before the 1300% surge of XRP in 2017. His chart analysis based on the Gann cycle predicts that the XRP price is expected to hit 45 USD.

Despite facing regulatory and market challenges in the past, XRP has performed strongly recently. As of the time of writing, XRP is priced at 3.5 USD, with a total market capitalization exceeding 207 billion USD, having risen over 63% in the past month.

On-chain data supports XRP bull market outlook

The number of active addresses on XRPL has increased sevenfold, with daily active addresses surpassing 29,000 and independent traders exceeding 10,000. Daily transaction volume has exceeded 830,000, with Meme coin transactions reaching $6.25 million, while stablecoin transactions remain around $5.6 million. The total trading volume on decentralized exchanges (DEX) has exceeded $12 million, showcasing good on-chain liquidity.

As XRPL expands from cross-border payment infrastructure to smart contracts and stablecoin remittances, experts generally believe that the price of XRP is brewing a significant breakthrough.

Conclusion: The XRP ecosystem is rapidly developing, with on-chain activity, institutional adoption, technological expansion, and market expectations collectively driving its price potential. With the implementation of EVM sidechains and stablecoin applications, XRP may be at the starting point of another bull market, worthy of close attention from encryption investors.