XRP's Future Price Allegedly Set by Institutions, Says Versan Alajjarah

Market pundit Versan Alajjarah has made a controversial claim that the future price of XRP, the cryptocurrency associated with Ripple, has already been determined by major financial institutions before retail investors entered the market. This assertion has sparked significant debate within the crypto community.

Alajjarah's argument comes at a time when XRP's price has been lagging despite Ripple's recent legal victories, such as the resolution of the XRP legal battle with the SEC, and the expansion of its ecosystem. In a recent article, Alajjarah compared XRP's current situation to traditional pre-IPO processes, suggesting that large institutional investors have already established XRP's true value through private negotiations.

According to Alajjarah, global financial entities such as central banks, JP Morgan, BlackRock, and the IMF have agreed on a price for XRP's use in their financial systems. He points to Ripple's integration into the financial systems of various central banks worldwide as evidence of this pre-arranged adoption. Alajjarah distinguishes between two XRP price realities: the institutional price, which is set through private negotiations for cross-border transactions and blockchain interoperability, and the retail price, which is currently subject to market speculation and manipulation.

While Alajjarah did not specify the exact institutional price, he suggested that it will "far exceed" current market values, potentially reaching "three to four-digit ranges" to facilitate multi-trillion-dollar financial transactions globally. He noted that central banks and large financial institutions require stability and confidence in the price when using XRP for large-scale settlements, making retail price action irrelevant to the larger institutional game already underway.

Alajjarah believes that XRP's true value will only become apparent once its full role in the global financial system is realized. However, the theory has generated mixed reactions within the crypto community. Some, like blockchain enthusiast Jason Vonhunk, rejected the prediction, stating that XRP will never reach triple digits. Others supported Alajjarah's view, noting that this is the long-term reality for IPOs and capital raises on the stock market.

Meanwhile, Ripple CEO Brad Garlinghouse has confirmed that a Ripple IPO is "possible, but not a priority." Although no official timeline has been set, speculation around a potential year-end IPO continues to grow. For XRP holders, a Ripple IPO could bring both opportunity and uncertainty. On the positive side, going public would likely generate significant buzz and credibility for Ripple, potentially accelerating the adoption of its technology and XRP's price. However, it could also introduce new challenges and uncertainties for the cryptocurrency.