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Crypto pundit Versan Aljarrah, the founder of Black Swan Capitalist, published a lengthy post on X on Aug. 7 alleging that the XRP price is being deliberately constrained by a multi-pronged architecture spanning exchanges, regulation, and liquidity infrastructure. Framing the situation as “The Biggest Financial Cover-Up,” Aljarrah writes that “the current price of XRP doesn’t reflect its utility, its adoption, or its strategic position,” and claims the “suppression mechanisms in place are layered, coordinated, and strategically embedded within the very exchanges, regulations, and infrastructure that claim to support a free market.”
Is The XRP Price Manipulated?
Anchoring his thesis to the SEC’s December 2020 enforcement action against Ripple, Aljarrah characterizes the timing as deliberate and disruptive rather than investor-protective. “This wasn’t about investor protection. It was strategic economic warfare,” he argues, asserting that “just days after XRP began gaining traction on Bloomberg and other news outlets,” the lawsuit was filed “under direct orders from central planners and Wall Street.”
He ties that filing to what he describes as momentum in XRP’s real-world payments utility, citing Ripple’s relationship with MoneyGram and “other key global payment corridors.” According to Aljarrah, the case “froze US institutional capital, forced XRP off most trading platforms, and created uncertainty around its legal status,” echoing a view he attributes to @Jvallee2000 that the…
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