Crypto analyst Versan Aljarrah has made a bullish case for XRP, stating that a major supply shock is inevitable. He claimed that BlackRock and other major institutions have been quietly accumulating for a while, which is why he believes investors should not sell their XRP.
Analyst Claims BlackRock and Other Institutions Are Stacking XRP
In an X post, Aljarrah stated that an XRP supply shock is inevitable, as JPMorgan, BlackRock, and major institutions have been quietly buying for years, while retail investors are being shaken out. He added that the Fed, stablecoins, and tokenized assets are all part of the same play and that this is digital gold, in reference to XRP, in motion.
In a YouTube video, he further explained how he expects a significant amount of the world’s liquidity to pass through XRP. He noted that the altcoin and its ecosystem are built for infinite scalability. As such, he expects tokenization, stablecoins, and other on-chain activities to primarily take place on the XRP Ledger, which increases XRP’s utility.
Aljarrah asserted that there is no ceiling for the XRP price and that it all depends on the demand for the altcoin. He remarked that the price will have to continue rising to accommodate this increasing demand. The analyst described market cap as nothing and that price action is simply determined by utility. It is worth mentioning that he recently declared that XRP’s circulating supply is smaller than market participants think.
Another analyst, David, who was on the podcast with Aljarrah, said that those who keep alluding to XRP’s market cap as the reason it cannot reach these ambitious targets are short-sighted. He noted how years ago, no one would have imagined that a single company would be valued in trillions of dollars. As such, he believes there is no reason why XRP cannot reach such heights at some point.
How The XRP Rally Will Happen
In another X post, Aljarrah said that for XRP to reach $100, it will start with these big players quietly accumulating. He again asserted that banks, financial institutions, and investors have been building positions for years and buying billions of XRP, while retail investors are being shaken out. The analyst explained that this accumulation reduces circulating supply and triggers the first real supply shock.
Furthermore, he explained that the XRP rally from $100 to $1,000 requires widespread integration into the global financial system. Aljarrah remarked that at this level, the altcoin shifts from being a retail speculative asset to a functional utility as it becomes the preferred settlement mechanism for banks, stablecoins, and tokenized assets. The analyst also believes XRP will reach $10,000 once it can absorb the global liquidity.
At the time of writing, the XRP price is trading at around $3.08, up over 2% in the last 24 hours, according to data from CoinMarketCap.
from Bitcoinist.com https://ift.tt/4eSQOYt
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