Here’s What’s Keeping XRP To Remain below $3

XRP continues to trade below the $3 mark despite strong fundamentals and growing adoption.

This has prompted renewed discussion within the community, with claims that the market price does not reflect XRP’s real-world utility. Versan Aljarrah, founder of Black Swan Capitalist, took to X to share his perspective on the matter. He suggests that the issue isn’t a lack of demand, but rather market suppression.

“The Market Isn’t Free”: XRP Price Held Back

XRP Adoption Quietly Accelerating

He pointed out that XRP consistently handles billions in on-chain volume with negligible transaction fees. Additionally, Ripple’s payment system outperforms legacy systems like SWIFT in terms of speed, cost-efficiency, and 24/7 availability.

He also highlighted live testing of Ripple’s private ledger by central banks and enterprises for use cases such as central bank digital currencies (CBDCs), tokenized treasuries, and real estate transactions. Yet despite this innovation, XRP’s price remains “stagnant.”

In this context, proponents argue that XRP’s ecosystem should have already driven the coin well above $3. Its failure to do so is evidence of artificial price suppression in their view.

XRP’s Strong Performance Despite Market Doubts

Despite ongoing debates, XRP remains one of the best-performing crypto assets over the past year. Currently hovering around $3, it has posted a remarkable 487% gain over the last 12 months. This is four times the performance of Bitcoin during the same period.

Still, XRP enthusiasts maintain that the token should be priced significantly higher, potentially in the double digits. They argue that institutional involvement and regulatory clarity are key factors still missing from the equation.

Awaiting Regulatory Clarity and Institutional Green Light

In his commentary, “SonOfaRichard” suggested that institutional settlement using XRP hasn’t yet been authorized at scale, but that moment is approaching.

He believes that once regulations enable full-scale utility, XRP’s price movement will not be gradual. As he puts it, “suppressed utility doesn’t trickle upward, it will reprice violently.”

Meanwhile, to critics, these hopes of the XRP Army are mere fantasy.