Foreign media: Macro analyst Jim Willie believes that XRP’s pricing logic lies not in short-term charts, but in institutional adoption and payment infrastructure. He identifies DTCC, BlackRock, IMF, SBI, and cross-border settlement demand as the five factors driving XRP higher.
DTCC and institutional settlement imagination
Willie first mentioned DTCC, an institution that processes approximately $37 trillion in transactions annually, covering large institutional businesses such as stocks, bonds, and commercial real estate. He believes that if XRP were to capture just 1% of that traffic in the future, the scale would be substantial.
He also stated that DTCC has established connections with Ripple, and a former DTCC executive is now employed at Ripple. According to him, such personnel and institutional ties indicate that the relevant infrastructure is no longer just conceptual.
BlackRock's division of responsibilities with RLUSD and XRP
Willie also stated that he believes BlackRock has entered the Ripple ecosystem. He distinguished between Ripple’s two types of assets: RLUSD for everyday payments and XRP for large transfers and instant liquidity.
Within his framework, these two assets are not substitutes for each other but serve distinct functions. As a result, stablecoins and XRP could grow simultaneously within the same ecosystem.
IMF, SBI, and Cross-Border Liquidity
Willie also mentioned that XRP could potentially be added to the IMF’s Special Drawing Rights basket in the future. The basket currently consists of five major currencies and is used for sovereign lending and reserve management.
He also mentioned the relationship between the Japanese market and SBI, stating that XRP has already entered practical use through local banking relationships. Finally, he highlighted “no need for pre-funded accounts” as XRP’s key selling point, noting that such liquidity arrangements have the potential to unlock trapped cross-border funds.