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 Go to Source to See Full Article
Author: Scott Matherson