Here is Possible XRP Price if XRPL Processes 30% of Hidden Roads Volume at $1.5T Annually
XRP price could soar to the two-digit region if the XRPL processed just 30% of the volume handled by brokerage company Hidden Road.Ripples recent $1.5 billion acquisition of Hidden Road, a multi-asset prime brokerage, is one of the largest steps it has taken toward expanding its institutional reach.Notably, the development brings Ripple deeper into the TradFi scene, as Hidden Road facilitates $10 billion in transactions each day. Interestingly, the companys CTO, David Schwartz, suggested that the XRP Ledger (XRPL) could begin processing a portion of these transactions.Following this disclosure, media analyst and crypto commentator Zach Rector discussed what kind of effect such a transaction volume might have on XRP price. He proposed several scenarios based on the XRPL handling different percentages of Hidden Roads daily flows.According to Rectors breakdown, if XRPL processed 10%, 30%, or 50% of the $10 billion daily liquidity, it would equate to $1 billion, $3 billion, or $5 billion per day, respectively. On an annual basis, thats anywhere from $300 billion to over $1.5 trillion.ChatGPT Presents Foundational AssumptionsHowever, despite these bullish projections, the actual impact on XRP price remains unclear. This is because transaction volume alone doesnt guarantee a corresponding price surge, especially in a market where factors like token velocity, supply lock-up, and speculative interest play crucial roles. To better understand how a $3 billion daily volume on the XRPL might translate into XRP price movement, we turned to OpenAIs ChatGPT for a hypothetical assessment.Interestingly, ChatGPTs analysis presented some important assumptions. Specifically, the chatbot assumed that XRP would serve as a settlement asset for a substantial part of the $3 billion processed daily through the XRPL and that the token would turn over roughly twice per day.
Text source: The Crypto Basic
