Apr 30, 2025
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XRP Price Suppressed by Off-Exchange Trading, Says Crypto Expert
Recent observations indicate that XRP's stagnant spot price may be influenced by increased off-exchange trading rather than reduced market interest. Jake Claver, managing director of Digital Ascension Group, suggests that dark pools are stabilizing price levels despite rising institutional demand.
- Claver asserts private liquidity venues absorb large buy orders, preventing public order book inflation.
- He describes dark pools as mechanisms that can initially hide bullish momentum and suppress prices.
- Over time, limited circulating supply from dark pool activity could lead to significant price increases once demand exceeds supply.
- Institutions, including hedge funds and family offices, are increasingly utilizing dark-pool services offered by major exchanges like Coinbase and Kraken.
- Claver predicts XRP could see sharp price movements if hidden bid pressure is released, potentially leading to 2x to 5x price increases.
- Despite the lack of concrete evidence for the scale of institutional purchases, market data shows XRP's volatility remains low around $2.00 in April.
- The true impact of dark-pool trading on XRP’s price remains unverified, with most OTC trading reported only in aggregates.
At press time, XRP was trading at $2.21.
