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- BlackRock and JPMorgan may be quietly building positions in XRP, even though they publicly focus much more on Bitcoin and Ethereum.
- These claims are built on interpretation and circumstantial evidence, rather than verified filings, audited holdings, or official statements.
In a recent interview with Black Swan Capitalist founder Versan Aljarrah, Dr. Jim Willie made bold claims about the forces at play in Ripple’s (XRP) price dynamics. Willie suggested that major banks and financial entities are under non-disclosure agreements (NDAs) while quietly accumulating XRP.
According to him, institutions like BlackRock, though not a bank but a powerful private equity firm, are influencing Ripple to ensure XRP remains under $3 so they can secure “a boatload” before prices rise to the $7–8 range, he believes, which reflects its actual value.
This aligns with a recurring belief within the community that XRP’s price is artificially capped to allow large-scale accumulation before broader adoption.
The Suppression Theory
Earlier, on September 18, Aljarrah shared a video on X, featuring commentary from well-known community figures Digital Asset Investor and Bradley Kimes of Digital Perspectives.
Digital Asset Investor began by pointing to a 2018 XRP valuation study conducted by Robbie Mitchnick and Susan Athey, noting that Mitchnick later joined BlackRock, and quietly removed his Ripple affiliation from his LinkedIn account.
“Why is he now focused exclusively on Bitcoin while BlackRock only publicly discusses Bitcoin and Ethereum ETFs?” he asked, fueling theories that public statements may not match private strategies.
Kimes took it further, suggesting that institutions may deliberately downplay XRP while accumulating it:
This is what talk in your book means. You’re talking up Bitcoin, but you’re really over here loading up on XRP. Or even trashing XRP, then loading up on it. And it’s not illegal. Institutions do this all the time. If they want to accumulate, why would they ever talk about it? Because then everybody else would start buying.
He explained that the community eventually felt vindicated when it was revealed that 5 billion XRP had been pre-allocated in an option contract to R3, and that Greg Kidd held a similar pre-allocated option contract covering 1% of the entire XRP supply.
This revelation sparked a reaction across the XRP community, raising questions about whether those were truly the only two entities savvy enough to secure such deals or if others may also have arranged similar pre-allocations behind the scenes.
While these claims resonate strongly within the XRP community, it’s important to note that no verifiable evidence currently exists that Ripple is cooperating with banks or institutions in a coordinated accumulation strategy.
Ripple CTO David Schwartz has repeatedly stepped in to debunk claims surrounding XRP’s price action. In 2024, he shared two charts comparing XRP’s movements with those of Stellar (XLM) and Cardano (ADA) over a month.
In December 2023, XRP mirrored similar upswings and slumps to both XLM and ADA, reinforcing his point that the token’s market behavior is not unusual or isolated.
Over the past year, XRP has surged an impressive 404%, climbing to around $3 and stirring excitement about a potential breakout toward $3.90, if it can push past the key resistance zone between $3.05 and $3.15. Analysts are keeping a close eye on $2.655 as a crucial support level, especially after the token slipped about 3.9% this past week.
Despite that dip, traders remain bullish, with near-term price targets ranging from $10 to $30 before setting sights on even higher milestones.
