XRP Price Allegedly Manipulated by Coordinated Market Suppression Tactics
Versan Aljarrah, founder of Black Swan Capitalist, claims that the price of XRP is being manipulated through a coordinated effort involving exchanges, regulations, and liquidity infrastructure. He argues that the current price does not reflect XRP's utility or adoption.
Key Claims on Price Manipulation
- Aljarrah links the SEC's December 2020 lawsuit against Ripple to a strategic disruption of XRP’s momentum.
- The lawsuit allegedly froze US institutional capital and forced XRP off trading platforms.
- Centralized exchanges are accused of creating artificial barriers whenever XRP sees increasing liquidity.
- He notes the use of algorithmic trading bots and wash trading to obscure real demand.
Enterprise Payments and Market Dynamics
- Ripple’s On-Demand Liquidity is claimed to settle in XRP but remains hidden from public market activities.
- Volume is routed through OTC desks to minimize slippage and market exposure.
- Major exchanges delisted XRP following the SEC lawsuit, sidelining US retail investors.
Adoption vs. Observed Trading
- XRP is portrayed as a utility asset, yet its price correlates with speculative assets like BTC and ETH.
- Aljarrah asserts that institutional investors have had early access while retail investors remain unaware of key markets.
- He predicts that if XRP operated freely, its price would exceed $3.
Aljarrah concludes that XRP's price is being kept low until necessary infrastructure is established, posing the question of how long this suppression will last. At press time, XRP traded at $3.33.
