After its recent rally past the $3 mark, XRP has again slipped below this psychological level, triggering frustration and fresh theories among its supporters.
According to Versan Aljarrah, co-founder of Black Swan Capitalist, the issue isn’t a lack of value, but something deeper.
XRP Falls Below $3 Again
For context, XRP briefly surged above $3 amid the broader crypto market’s bullish momentum, which had persisted since last week. Notably, XRP had traded below this psychological level for five months before reclaiming the $3 mark on July 14.
However, it failed to hold the level or even close above it. At press time, XRP is trading around $2.86. While this still marks a 27% gain over the past week, the inability to sustain $3 has reignited discussions about the forces that determine XRP’s price.
For many in the community, this isn’t just another case of market volatility but evidence of something more deliberate.
“It Threatens Everything,” Says Aljarrah
Aljarrah took to X to share the bold take that XRP’s price suppression is intentional, not coincidental. According to him, the asset’s potential to disrupt the financial system is precisely why it struggles to maintain upward momentum.
“XRP can’t even stay above $3 because it threatens everything,” Aljarrah argued. In his view, XRP challenges the status quo, exposes systemic flaws, and disrupts fraudulent practices. In his view, these have led to XRP’s suppression.
Aljarrah also pointed out that despite its unique utility, XRP still follows Bitcoin’s four-year market cycle, which he sees as part of a broader pattern tied to systemic financial manipulation.
Suppression Theories Gain Steam
Aljarrah’s view echoes the beliefs of many XRP advocates. They often argue that certain entities strategically keep the token undervalued due to its potential to offer an alternative to the current financial infrastructure.
Theories frequently point to coordinated trading activity, regulatory struggles, and even Ripple’s own monthly token releases as possible tools for suppressing price action.
Meanwhile, Ripple CTO David Schwartz has repeatedly dismissed such claims. He has questioned the community’s emphasis on price, noting that market movements often don’t align with a project’s real-world utility.
Schwartz added that while XRP’s current price may not reflect its true value or problem-solving potential, it could do so over the long term.
XRP’s Future: “Decoupling from the Debt Cycle”
In his post, Aljarrah also speculated about a future where XRP decouples from Bitcoin’s four-year halving cycle. He suggested that true price discovery will only occur when XRP breaks free from “the shadow market.”
When that happens, he says, “it’s over,” implying an explosive independent move for XRP, free from perceived systemic restraints.
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.
