Black Swan Capitalist CEO Sparks Debate with XRP Price Manipulation Claims
Is XRP’s Price Predetermined? CEO’s Claims Stir Crypto Community
Versan Aljarrah, CEO of Black Swan Capitalist, has ignited controversy on platform X by asserting that global financial institutions predetermined the price of XRP long ago. His remarks have fueled debates within the cryptocurrency community, raising questions about market transparency and the true valuation of XRP.
A Controlled Market? Aljarrah’s Controversial Theory
According to Aljarrah, XRP’s price is not driven by open-market trading, as many retail investors believe. Instead, he compares its valuation process to the pre-IPO phase in traditional finance, where major institutions like hedge funds and banks negotiate an asset’s price before it reaches the public.
He further claims that financial giants such as JP Morgan, BlackRock, the Bank for International Settlements (BIS), and the International Monetary Fund (IMF) played a role in setting XRP’s price. However, Aljarrah has not provided concrete evidence to support this assertion.
“In this case, the ‘pre-IPO’ phase for XRP has already taken place. The world’s biggest financial players have adopted XRP behind closed doors and have already agreed on its price for use in their systems,” he stated.
XRP’s Role in the Global Financial System
Aljarrah also alleges that Ripple, the company behind XRP, has successfully integrated its technology into central banks worldwide, including both major economies and smaller nations such as Barbados and other Caribbean countries. He suggests that these institutions plan to use XRP as a bridge currency for cross-border transactions, aligning with the stakeholder capitalism model promoted by the World Economic Forum (WEF).
He further speculates that XRP’s price was “locked in” through private agreements before its widespread availability to retail investors. Predicting that XRP could reach three- or four-digit price levels, Aljarrah remains confident in its long-term potential.
“Financial modeling and market projections suggest that the price could reach three to four-digit ranges, but this is still speculative based on the actual utility and demand for XRP in the future global financial system,” he stated.
Skepticism and Counterarguments
While some crypto enthusiasts support Aljarrah’s perspective, others challenge the plausibility of a pre-set price. Critics argue that if institutions knew XRP’s predetermined value, they could have strategically placed low buy orders to accumulate more, ultimately disadvantaging retail investors.
“If institutions already know the pre-set price, it makes sense they’d place low buy orders to push the price down and accumulate XRP at retail’s expense. This isn’t just unethical—it contradicts the entire purpose of crypto,” commented an investor known as SVS.
Veteran Trader Predicts XRP Price Drop
Meanwhile, experienced trader Peter Brandt offers a contrasting viewpoint, forecasting that XRP’s price could drop to $1 in the short term—far below Aljarrah’s bullish expectations.
Additionally, a BeInCrypto report highlights concerns about XRP’s real-world usage. Despite boasting a $120 billion market cap, the network records less than $50,000 in daily decentralized exchange (DEX) trading volume. Critics also point out that the XRP Ledger lacks sufficient nodes and validators compared to other leading blockchain networks.
On-chain researcher Aylo went as far as to label XRP “the biggest financial scam the world has ever seen,” further intensifying the debate surrounding the cryptocurrency.