Foreign media reports that macro analyst Jim Willie believes the pricing logic for XRP lies not in short-term charts, but in institutional adoption and payment infrastructure. He cites DTCC, BlackRock, the IMF, SBI, and cross-border settlement demand as five factors driving XRP's rise.

DTCC and Institutional Settlement Imagination

Willie first mentioned DTCC. This organization handles approximately $3.7 trillion in transactions annually, covering major institutional business such as stocks, bonds, and commercial real estate. He believes that even if XRP only captures 1% of this traffic in the future, the scale would still be substantial.

He also stated that DTCC has established connections with Ripple, and a former DTCC executive is now working at Ripple. According to him, these personnel and institutional relationships indicate that the relevant infrastructure is not merely a concept.

BlackRock, RLUSD, and XRP have different functions.

Willie also stated that he believes BlackRock has entered the Ripple ecosystem. He distinguishes between Ripple's two asset classes: 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 rather each fulfills a different function. In this way, stablecoins and XRP can potentially expand simultaneously within the same ecosystem.

IMF, SBI and Cross-Border Liquidity

Willie also mentioned that XRP may be included in the IMF's Special Drawing Rights (SDR) basket in the future. This basket currently consists of five major currencies and serves sovereign lending and reserve management.

He also mentioned the relationship between the Japanese market and SBI, stating that XRP has already entered practical use cases through local banking relationships. Finally, he considered "no pre-deposited account required" as XRP's core selling point, believing that this type of liquidity arrangement has the potential to release locked-up cross-border funds.