Black Swan Capitalist Founder Predicts XRP Price Could Reach Three to Four-Digits
Black Swan Capitalist’s founder, Versan Aljarrah, has a firm belief that the “true price” of XRP has already been determined by major global institutions. Unlike retail investors, who typically play a significant role in determining asset prices, Aljarrah argues that financial giants have already set the value of the token based on financial modeling and price potential, similar to pre-IPO activities in stocks.
The founder of Black Swan Capitalist highlighted that institutions like BlackRock, JPMorgan, the Bank for International Settlements (BIS), the International Monetary Fund (IMF), and major central banks have collectively agreed on XRP’s price, considering its role in cross-border payments and blockchain interoperability.
Aljarrah predicts that the price of XRP will continue to be volatile in retail markets but does not reflect its true value. His technical analysis indicates a three- to four-digit peak for XRP once broader global institutional adoption takes place. While he refrains from providing specific numbers, he mentions that the token’s value could significantly increase once it integrates further into the global financial market.
In the past 24 hours leading up to Sunday morning, XRP’s price fluctuated between a low of $2.06 and a high of $2.21. These figures represent a decline from January’s high of $3.38. Despite the recent performance, Aljarrah’s projections point toward a breakout for XRP exceeding its previous all-time high of $3.84. Some industry experts have even speculated more bullish numbers, like a City of London fund manager who forecasted XRP reaching $15,000 due to its diverse use cases compared to other crypto assets limited to speculation.
In conclusion, the founder of Black Swan Capitalist remains resolute in his belief that XRP’s price trajectory has already been established by major financial institutions. Retail investors may not wield considerable influence over the token’s value, given that institutions have determined its worth based on the asset’s potential in cross-border payments and blockchain technology. As XRP continues to gain global institutional recognition and adoption, its price may scale to new heights, potentially reaching three- to four-digit figures, reflecting its true value in the market.
