Vincent Van Code (@vincent_vancode), a respected software engineer and a prominent voice in the XRP community, has outlined a detailed path toward a potential XRP price of $59.40.

This forecast depends on Ripple's efforts to capture a significant share of SWIFT's daily transaction volume, the impact of RLUSD, and the growing interest of institutions in the XRP Ledger (XRPL).

Van Code points out the target that Ripple has set to process approximately 15% of SWIFT's daily transactions, equivalent to about $5 trillion. Achieving this goal means making payments of $750 billion per day using XRP's On-Demand Liquidity (ODL). "This is the foundation of the model," he notes in his post.

Calculating the Fundamental Utility Price of XRP

This model takes into account the total supply of XRP, with adjustments for locked and lost coins. Of the 100 billion XRP, approximately 40 billion tokens remain escrowed, while an estimated 5 to 8 billion tokens may be permanently lost. Long-term holdings and DeFi commitments account for another 20 to 25 billion tokens, leaving an estimated 13 billion XRP liquid and available for daily transactions.

To assess the fundamental utility price of XRP, Van Code assumes each XRP can be reused twice a day, a cautious velocity figure considering compliance and transaction payment delays. Dividing the projected ODL volume by the available XRP and its velocity yields a fundamental price of $28.85.

Analyzing Multipliers in the Real World

In addition to utility value, the analysis also takes into account additional market factors that may push prices higher. These factors include the adoption of RLUSD increasing liquidity by 10%, other stablecoins like USDC on XRPL boosting by 20%, and institutional use cases like Mastercard contributing 30%.

He also predicts that the price of Ripple will increase by an additional 20% due to legal transparency after reaching an agreement with the SEC. When combined, these multipliers will elevate the projected price to $59.40.

Implementation and Adoption Timeline

The target timeline for this valuation is 2026 and 2027. Van Code emphasizes that institutional adoption and scaling of international payment corridors will take time. He explains that "RLUSD and tokenized forex ecosystems need to mature" and "global regulatory convergence remains a critical step." He argues that these developments are necessary for XRP to realize its full utility in cross-border payments and beyond.

This forecast represents a bold yet methodical argument about the growth potential of XRP. By targeting price based on transactional utility and analyzing applicable factors, Van Code presents a scenario that is both ambitious and aligned with current trends, providing investors with a detailed insight into how XRP could evolve into a trillion-dollar bridge asset.