Key Takeaways
- Jeonbuk Bank will use Ripple Payments to replace multiday SWIFT-based transfers with near-real-time, 24/7 cross-border settlement.
- XRP traders hailed the deal as another step toward wider adoption, with some predicting the token could eventually overtake Bitcoin.
- Forecasts above $10 remain in circulation, but they depend on token-specific adoption and investment demand—not Ripple partnerships alone.
Ripple is deepening its presence in South Korea through a partnership with Jeonbuk Bank, the country’s first regional bank to deploy Ripple Payments for cross-border remittances.
For XRP traders, the reference to replacing multiday SWIFT transfers was enough to revive one of the most bullish predictions — that institutional adoption of Ripple will eventually drive the token toward $10 and beyond.
However, the partnership announcement does not say that Jeonbuk Bank will use XRP at this time.
Can XRP still reach over $10 by the end of next year?
Ripple Targets Multiday SWIFT Transfers at Jeonbuk Bank
Ripple said Jeonbuk Bank will offer faster, cheaper international remittances to its business customers.
Traditional cross-border bank transfers can pass through several intermediaries.
Ripple said its platform will reduce settlement times from days to seconds and operate around the clock.
Fiona Murray, Ripple’s managing director for Asia Pacific, described the agreement as evidence of growing institutional momentum in Korea.
Jeonbuk Bank President Park Choon-won also said the partnership would help the lender expand beyond its regional role and compete as a digital finance provider.
The agreement is Ripple’s third major Korean partnership of 2026.
Kyobo Life Insurance is exploring tokenized government-bond settlement through Ripple Custody, while internet-only lender Kbank is deploying institutional wallet infrastructure.
Together, the deals give Ripple a foothold across payments and wallet services in one of Asia’s most active digital-asset markets.
XRP Traders Treat Ripple Adoption as a Price Catalyst
The SWIFT comparison quickly became the focus of discussion on X.
Ripple wrote that Jeonbuk Bank was”replacing multi-day SWIFT transfers with near real-time, 24/7 cross-border settlement.”
One X user responded:
“So it begins. XRP WILL FLIP BTC.”
The reaction reflects a familiar view among XRP holders.
If more banks use Ripple’s infrastructure—and if those payment corridors use XRP as a bridge asset—demand for the token could grow.
Ripple has previously said its payments product can use XRP and other digital assets to bridge currencies.
That capability explains why institutional Ripple announcements regularly become XRP price catalysts on social media.
But unfortunately for holders, a bank adopting Ripple technology is not always the same thing as a bank adopting XRP.
Jeonbuk Deal Does Not Confirm XRP Use
Neither the press release nor Ripple’s X post names XRP as Jeonbuk Bank’s settlement mechanism.
Ripple also did not disclose the initial payment corridors, supported currencies, transfer volumes, pricing, or funding model.
Without those details, there is no basis to conclude that the deployment will create direct demand for XRP.
Ripple Payments is broader than one token.
The firm has marketed the platform by emphasizing access to multiple currencies, payout markets, and liquidity sources.
This has created a recurring conflict between Ripple’s corporate growth and XRPtraders’ expectations.
Ripple can win enterprise customers through payments software and infrastructure, even when a specific deployment does not use XRP.
Holders, meanwhile, often want to value those partnerships as evidence of future token adoption.
Why $10 Remains in Focus
Despite that gap, institutional forecasts and valuation models continue to target double digits.
Standard Chartered expects the token to reach $12.50 by 2028.
The London-based investment bank claims its wider use in payments and tokenization could support its growth.
More bullish projections from Bitwise put XRP at $6.53 in 2026, $9.60 in 2027, and $29.32 by 2030.
Meanwhile, Valhil Capital has produced valuation models with outputs far above $10.
What Would XRP Need to Reach Above $10?
With XRP trading at approximately $0.997 on Aug. 18, a move to $10 would require the token to increase more than tenfold.
Reaching $10 would require a gain of about 903%.
CoinMarketCap estimates that approximately 62.68 billion XRP are circulating.
Multiplying that supply by a $10 price produces an implied market capitalization of roughly $626.8 billion.
That would be about 10 times XRP’s current market capitalization of approximately $62.5 billion. Based on XRP’s maximum supply of 100 billion tokens, its fully diluted valuation at $10 would be $1 trillion.
Higher forecasts require even larger increases.
StandardChartered’s $12.50 target would represent a 12.54-times move, equivalent to a gain of approximately 1,154%.
At that price, X RP’s circulating market capitalization would reach about $783.5 billion, while its fully diluted valuation would be $1.25 trillion.
The $29.32 projection attributed to Bitwise is more demanding.
XRP would need to rise approximately 29.4 times. Its fully diluted valuation would approach $2.93 trillion.
That would make it roughly 30% larger than the present value of the whole crypto market.
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
