The Pre-Ordained Price of XRP: Institutional Whales May Have Already Determined the Token's Value

Versan Aljarrah, the founder of Black Swan Capitalist, has ignited a firestorm of discussion by asserting that the “true price” of XRP has already been predetermined by financial giants

In a whirlwind of financial commentary that has left the crypto community buzzing, Versan Aljarrah, the founder of Black Swan Capitalist, has set the stage for a lively discussion on the factors influencing cryptocurrency prices.

Recently, Aljarrah took to Twitter to share his unique perspective on the price of XRP, suggesting that it has already been "determined" by financial giants, long before retail traders could influence its value.

“Major financial institutions (BlackRock, JPMorgan, BIS, IMF, major central banks) have already determined the true price of XRP in their financial models,” asserted Aljarrah.

His analysis, which bears striking similarities to the dynamics of pre-IPO stock valuations, suggests that institutional whales have factored in XRP’s future role in cross-border payments and blockchain interoperability, setting the stage for a potential dramatic surge in the token’s price.

"It’s like when a pre-IPO stock has a price that is agreed upon, e.g. $50 billion sets the price of an IPO at $40. They've already set the price of XRP, taking into account its potential in cross-border payments and interoperability with other blockchains," explained Aljarrah.

However, Aljarrah cautioned that these estimates could pivot based on the actual utility and demand for XRP in the international arena. He emphasized that the token’s “true price” will ultimately be determined by its real-world applications and its ability to deliver on its promises.

"My financial modeling and market projections suggest that XRP could be valued in the three- to four-digit range. But these estimates could change drastically based on the level of demand and utility for XRP in the international market," added the financial analyst.

While Aljarrah refrained from mentioning specific numbers in his recent commentary, he hinted at “far higher” figures once XRP is integrated deeper into the global financial market.

"I'm not saying what price they have set, but it's far higher than what people are discussing. Once XRP is used more broadly by major financial institutions for cross-border payments and to connect different blockchain networks, the price will reflect that utility and demand," concluded Aljarrah.

In the last 24 hours leading to Sunday morning (UTC), XRP’s price has experienced significant volatility, trading between a $2.06 low to a $2.21 high. These figures are significantly lower than the $3.38 high reached in January, highlighting the token’s susceptibility to market fluctuations.

As reported by Benzinga earlier, a former City of London fund manager has plotted even more bullish numbers at $15,000, citing the token’s diverse use cases and its potential to disrupt the global financial system.

"My model values XRP at over $15,000, taking into account its potential to revolutionize the $280 trillion global financial markets and considering the elite institutions that are set to adopt it in the coming months," the manager stated in his analysis.

The involvement of major financial institutions in the cryptocurrency market has been a subject of keen interest and speculation. Earlier this year, reports emerged that BlackRock, the world's largest asset manager, was planning to launch a spot Bitcoin (BTC) ETF.

This move sparked anticipation among cryptocurrency investors, as it could open up new avenues for institutional investment in the crypto market and potentially lead to increased price stability for Bitcoin.

As the cryptocurrency industry continues to evolve, the role of institutional investors in shaping the market dynamics will be a crucial factor to watch.