The price of XRP could scale up to three figures if banks in the United States adopt it for domestic settlements.
Notably, XRP trades around $2.82 today, yet many investors argue that the current price still does not reflect the real value of its role in payments despite an over 400% increase from its value a year ago.
US Banks Domestic Settlement Volume
The discussion has intensified as talks surface about U.S. banks potentially using XRP for domestic settlements. For context, Federal Reserve data shows that in 2024, banks moved about $28.27 trillion through the National Settlement Service (NSS).
This figure equals roughly $77.45 billion every single day. Specifically, the NSS processes this volume by handling the clearing and settlement of payments among U.S. banks, making it one of the most important systems in American finance.
Notably, the trend has pointed upward for years. In 2023, NSS volumes came in at $26.52 trillion, and earlier years recorded smaller but steady increases. By 2024, the total reached the $28.27 trillion figure, showing just how massive domestic settlement activity has become.
Meanwhile, with such high volumes flowing through the system, the idea of XRP stepping in as a settlement tool naturally triggers questions about how its price might respond.
Right now, XRP operates on a much smaller scale. It changes hands at $3, with a circulating supply of 59.48 billion coins and a market value of about $178.87 billion. Its daily trading volume averages $6.62 billion, far below the $77.45 billion that moves through NSS each day.
XRP Price if US Banks Adopt It for Settlement
To test the possible price impact if the NSS adopts it, we turned to OpenAI’s ChatGPT. Notably, the chatbot compared XRP’s current trading activity with the NSS settlement benchmark. It found that XRP processes less than one-ninth of NSS daily volume.
If it scaled the price levels to match that gap, XRP would need to rise about 11.7 times from where it stands today. This calculation puts XRP at roughly $35 per token if it fully matched NSS’s daily settlement flows.
However, ChatGPT noted that this $35 estimate only shows a linear projection. Notably, real markets do not always move so neatly. According to ChatGPT, if U.S. banks began using XRP, several extra factors could drive the price higher.
For instance, Banks would likely hold large amounts of XRP as reserves, taking coins out of circulation. It noted that this reduction in supply could tighten liquidity and create upward pressure. Moreover, speculation would also add to the bullish momentum.
ChatGPT pointed out that bullish conditions often push assets far beyond their baseline valuations, especially when a new use case emerges on a massive scale. If adoption happened, momentum, scarcity, and excitement together could lift XRP toward the $70 to $100 range.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
