XRP Demand Surge: A Price Boom Ahead, Says Crypto Expert

XRP Demand Surge: A Price Boom Ahead, Says Crypto Expert

July 30, 2023

Versan Aljarrah, the founder of Black Swan Capitalist and a well-known YouTuber, recently sparked a conversation on Twitter, hinting at a future where XRP’s current budget-friendly price may not stand the test of time as the worldwide thirst for this digital asset intensifies

Aljarrah’s digital shout-out came with a sense of immediacy, suggesting that the supply of XRP might not be sufficient to quench the escalating global demand for its utility. This imbalance, he believes, could force XRP’s price to climb, not just as a likely scenario but as a necessity to maintain the liquidity needed to cater to this surging demand.

Aljarrah’s faith in XRP remains unshaken, even as the cryptocurrency dipped below the $0.7 mark recently. He took to Twitter to express his conviction, stating that XRP’s true value lies beyond the charts. To support his viewpoint, he shared a video clip featuring Raoul Pal, the CEO and founder of Real Vision.

On 18 July 2023, Shannon Thorpe, a Treasury Management team member, shared her insights on the future of XRP. She emphasized that while it’s impossible to predict the exact price trajectory, it’s clear that XRP cannot remain inexpensive. She also suggested that retail investors might eventually be priced out of XRP.

Thorpe dismissed theories suggesting a price surge followed by a crash due to mass selling. She pointed out that retail investors only constitute about 1% of the XRP space. As major players like the Federal Reserve, banks, and businesses start investing in XRP, the influence of this 1% will become negligible.

She further explained that a large quantity of XRP enables a large number of banks to participate, while a high price allows for higher transactions with less XRP. Given the limited supply of XRP, she believes these factors will contribute to its price stability.

Featured Image Credit: Photo / illustration by vjkombajn via Pixabay

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