The price of XRP was removed by a "stratified and coordinated" manipulation, according to an expert.

Versan Aljarrah, founder of Black Swan Capitalist, published a long message on X on August 7 alleging that the price of XRP is deliberately limited by a multi-faceted architecture encompassing exchange platforms, regulation, and liquidity infrastructure. Describing the situation as the “greatest financial cover-up,” Aljarrah writes that “the current price of XRP does not reflect its utility, adoption, or strategic position,” and claims that “the suppression mechanisms in place are stratified, coordinated, and strategically integrated with the platforms, regulations, and infrastructures that claim to support a free market.”

Is the price of XRP manipulated?

Anchoring his thesis to the SEC's enforcement action against Ripple in December 2020, Aljarrah characterizes the timing as deliberate and disruptive rather than protective for investors. “It wasn't about protecting investors. It was a strategic economic war,” he argues, claiming that “just a few days after XRP began to gain traction on Bloomberg and other media,” the lawsuit was filed “under the direct orders of central planners and Wall Street.”

He links this deposit to what he describes as a surge in the utility of real payments of XRP, citing Ripple's relationship with MoneyGram and “other key global payment corridors.” According to Aljarrah, the case has “frozen American institutional capital, forced the removal of XRP from most platforms, and created uncertainty around its legal status.”

The heart of his criticism targets centralized platforms. Aljarrah claims that whenever “liquidity begins to build or organic volume starts to increase,” XRP encounters “clear patterns of coordinated resistance.” He alleges the presence of “algorithmic trading bots, spoof orders, and systematic wash trading” that “constantly dampen momentum or create false volume to mask real demand.”

The adoption of XRP in the shadows?

The post also advances a narrative of divergence between the intended function of XRP and its observed trading correlations. Aljarrah states that XRP has been “treated as a long-term utility instrument for a new monetary system, unlike 99% of the crypto market,” yet its price action remains tied to “volatile and speculative assets like BTC and ETH, which offer no real utility.” He alleges “institutional accumulation behind the scenes,” claiming that “retail investors were kept in the dark and locked out of key markets, while institutional players gained early access through private investment vehicles.”

The rhetoric of price level plays an important role in Aljarrah's conclusion. “One cannot accept the role of XRP in real-time settlements, integrations with central banks, and the adoption of global transfers at a stagnant price of 3 dollars without recognizing how closely it is controlled,” he writes, adding a categorical forecast: “If XRP were allowed to operate in a truly open and fair global market, without artificial barriers, I guarantee it would not stagnate around three dollars.”

At the time of publication, XRP was trading at $3.33.

Warning: For informational purposes only. Past performance does not guarantee future results.