A well-known XRP community commentator, posting under the handle “All Things XRP,” recently dismissed claims that dark pools do not exist for XRP.
For the uninitiated, dark pools are private, off-exchange trading venues typically used by institutions. Within these hidden markets, whales can accumulate large amounts of crypto assets without alerting retail investors or triggering volatility. Essentially, it helps them to avoid causing dramatic price movements.
In his latest commentary, All Things XRP emphasized that such entities exist in the XRP ecosystem, suggesting they are secretly accumulating the token behind the scenes. The recent post comes on the back of doubt expressed by some in response to an earlier report he made on this.
The analyst noted that dark pools were originally used in traditional finance to avoid slippage and market disruption. He claimed that platforms like Kraken and sFOX reportedly offer dark pool-style trading features that likely include XRP. Even Coinbase is rumored to provide similar services, though this remains unconfirmed.
The XRP Price Mystery
Despite significant positive catalysts, such as the launch of Brazil’s first XRP ETF and Ripple’s $1.25 billion acquisition of Hidden Road, XRP’s price has remained flat for most of 2025. From January to the present, XRP has held steady around $2, occasionally dipping below.
According to proponents of the dark pool theory, this price behavior aligns perfectly with the idea of hidden institutional accumulation. They believe there is a strong possibility that XRP buy pressure is being absorbed out of sight, with repeated patterns of muted market responses following bullish events.
“95% Confidence”
Notably, All Things XRP cited several indicators to support the dark pool theory. He specifically noted that XRP trades on platforms known to support private institutional trading. He also claimed that recent price activity shows signs of accumulation without corresponding retail momentum.
Moreover, he cited academic research indicating that dark pools can suppress short-term price discovery, a pattern that mirrors XRP’s historical performance. According to him, this should not be considered a coincidence.
While direct confirmation from any reputable source is still lacking, the mounting circumstantial evidence has led many analysts to express near certainty. In particular, All Things XRP stated his confidence in the theory is as high as 95%.
Ripple’s Silence Fuels Speculation
Moreover, he claimed that the key reason the debate persists is Ripple’s silence on the matter. The company has neither confirmed nor denied the existence of dark pool activity involving XRP. However, Ripple might not be in a position to comment on this, given that decentralization confirms that institutions can engage in such trading activities without their knowledge.
Interestingly, a petition on Change.org has gathered over 300 signatures, demanding transparency from Ripple regarding institutional trading practices. So far, there has been no official response. It is worth noting that the company regularly issues quarterly reports on XRP markets.
5️⃣ The Missing Piece? Ripple’s Voice.
Ripple has never confirmed or denied it.
And that silence adds mystery.
A https://t.co/STwaFzXCC1 petition with 300+ signatures demands answers. Still waiting.https://t.co/Xa1DGam0sy
— All Things XRP (@XRP_investing) May 1, 2025
Why Retail Investors Should Pay Attention
If institutional investors are quietly accumulating XRP via dark pools, retail investors may be underestimating the asset’s true demand, according to All Things XRP.
He believes it could explain why XRP appears weak on the charts despite major milestones. Speculators suggest that once this hidden demand hits public order books, the price impact could be explosive.
While the theory remains unconfirmed, it’s enough to raise a red flag for many in the XRP community, particularly those who believe the real XRP market may be far deeper than it appears.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
