thecryptobasic.com
Versan Aljarrah, the founder of Black Swan Capitalist, has taken to X with bold predictions about the upcoming trajectory for XRP.
As of today, XRP trades for $0.5481, maintaining the same price range it held a week ago. Additionally, XRP has declined by 6% from its value a month ago and has dropped by 10% over the past 60 days. In contrast, Bitcoin has seen an increase of 12% during the same period.
Amid the discouraging performance, XRP proponents continue to speculate about the factors that could trigger a surge in XRP’s price.
What Could Drive XRP’s Next Move
According to Aljarrah, XRP is poised to experience a significant surge driven by a looming supply shock. This forecast suggests that the current circulating supply of XRP, which stands at 56.71 billion tokens, would be inadequate to meet the anticipated demand, particularly as buying pressure from affluent investors increases.
Aljarrah emphasized that this situation may arise as struggling institutions scramble to secure liquidity amid a weakening U.S. dollar. He believes that XRP will transition from being viewed as a speculative asset to a necessity for stabilizing currencies and economies, as well as managing global debt.
Essentially, Aljarrah argues that as institutions look for alternative solutions to stabilize their operations, demand for XRP could rise, potentially igniting a fresh rally in its price. This prediction aligns with broader sentiments within the community regarding the utility of XRP in cross-border payments and liquidity management.
Earlier this month, analyst Levi Rietveld also posited that a supply shock could send XRP’s price as high as $60, which he argues could happen “overnight.” He theorized a scenario where XRP captures a fraction of SWIFT’s global payment network.
Rietveld argued that this scenario would require institutions to purchase XRP massively. Now, given the locked tokens in escrow, the available supply would be inadequate, creating a “supply shock” that drives prices higher.
In August, Aljarrah also made bold statements suggesting that owning XRP would allow holders to claim a portion of the “global money supply,” especially if the XRP Ledger becomes the primary platform for tokenizing economic assets.