XRP Price if XRP and RLUSD Tap the $9.6T Daily Turnover in the FX Market

The $XRP price could reach double digits if $XRP and the Ripple stablecoin, $RLUSD, tap into the $9.6 trillion daily turnover in the FX market.

A recent report from Risk.net highlights that while the stablecoin market’s push to merge with the FX market has not materialized as quickly as expected, the trend has already picked up pace. Now, some suggest that if this push gains steam, $XRP and $RLUSD could benefit immensely.

Key Points

• According to Risk.net, the push for stablecoins to merge with the global FX market has not materialized as quickly as expected.
• Stablecoin transaction volume hit $33 trillion in 2025, yet only about 1% represents real-world payments or remittances.
• Ripple has positioned itself and the $XRP ecosystem to benefit from the trend when the merger between FX and stablecoins plays out.
• The global FX market processes $9.6 trillion per day, creating a massive opportunity if stablecoins gain traction.
• Capturing 1% of daily FX turnover would equal $96 billion per day in flow, which liquidity models estimate could support a $1.58 trillion market cap and an $XRP price around $26.50.

Stablecoin Merge with FX Slower Than Expected

Notably, Risk.net recently released a report looking at how stablecoins are making their way into the traditional foreign exchange market.

According to the report, stablecoins seem like a natural fit for FX because they allow instant, 24/7 transfers, while the FX market still deals with slow settlements, time-zone delays, prefunding requirements, and extra operating costs. However, the big transformation many expected has not happened yet.

The report found that stablecoins like USDT and USDC recorded $33 trillion in transaction volume in 2025, a 72% year-on-year increase. However, only about 1% of the $33 trillion represents actual payments or remittances. Most of the volume stays within crypto markets. This confirms that stablecoins’ real-world financial use remains small.

Why Big Institutions Are Still Paying Attention

Despite the current limited real-world use, banks and financial institutions still see major potential. The report explains that stablecoins could speed up cross-border payments, allow trades outside normal banking hours, improve how collateral is managed, cut costs, and increase transparency.

Regulation could also push things forward. The proposed U.S. Genesis Act may help legitimize and expand stablecoin issuance, and some estimates suggest total stablecoin supply could grow to between $1.9 trillion and $2 trillion within a few years.

Risk.net also highlighted Ripple as one of the crypto companies actively working on FX infrastructure. Specifically, global financial technology firm LMAX partnered with Ripple last month, and their integration focuses on $RLUSD, Ripple’s dollar-backed stablecoin.

The goal is to use $RLUSD as fungible collateral across trading systems. Ripple and LMAX want to attract banks, brokers, and institutional investors by enabling cross-collateralization, margin use, and trading across both crypto and FX markets.

Ripple Prime’s Plan for Tokenized Collateral

The report then focused on Ripple Prime, Ripple’s institutional brokerage arm, and featured comments from Michael Higgins, global head of corporate development at Ripple Prime. Higgins believes tokenized collateral, especially high-grade dollar stablecoins, could change how financial markets operate. He expects this could begin in 2026.

Speaking in a post on X, Higgins also pointed out that the global FX market still relies heavily on prefunding, fragmented cutoffs, and delayed settlement. However, he noted that Ripple Prime is seeing growing demand for regulated, dollar-backed stablecoins and tokenized collateral to reduce these frictions.

The world’s largest financial market – FX – still runs primarily on prefunding, fragmented cutoffs and delayed settlement. At @Ripple Prime, we’re seeing growing demand for regulated, dollar-backed stablecoins and tokenized collateral to reduce that friction.

2026 will be a…

— Mike Higgins (@mikehiggins) February 24, 2026

Responding to these comments, Brad Kimes of Digital Perspectives suggested that this development, if it materializes, could open up a multi-trillion-dollar opportunity for $RLUSD and $XRP.

$XRP Price if $XRP and $RLUSD Capture 1% of $9.6T

Notably, as of last year, the global FX market recorded $9.6 trillion in daily turnover, per a BIS report. If $RLUSD and $XRP capture just 1% of that flow, they would handle $96 billion per day. However, it remains unclear how this would affect $XRP’s price. To explore this, we requested an assessment from Google Gemini.

Google Gemini calculated that 1% of $9.6 trillion equals $96 billion in daily transactions. Over a full year, $96 billion multiplied by 365 days equals $35.04 trillion in annual bridge volume.

$XRP Price Prediction from Google Gemini

Gemini then highlighted liquidity needs. It explained that high-utility assets often maintain a market cap around 15 to 20x their daily transaction volume to keep markets stable and avoid major price swings. Using a bullish multiplier of about 16.5 times $96 billion, Gemini estimated a required market cap of roughly $1.58 trillion.

Considering an estimated $XRP circulating supply of 60 billion tokens led to a projected price between $26.33 and $26.50 per $XRP. Notably, this would represent a 1,848% increase from the current price of $1.36. However, investors should realize that this assessment remains speculative and may not materialize as presented.

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