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- The Digital Ascension Group (DAG) CEO has clarified that the claims on possible price manipulation of XRP due to Ripple’s control are absolutely unfounded.
- The CEO also pointed out that XRP could record a massive surge in price once more financial institutions make use of blockchain for asset tokenization.
Analyst José Luis Cava recently pointed out that the lack of a massive upsurge of the XRP price despite its solid technical foundation is a result of a “hand” dominating its market behavior.
According to him, three main factors, namely: centralized token management, limited supply, and weak institutional demand, have been the “key items” subduing its price.
As detailed in our recent post, Bitwise CEO Hunter Horsley has also highlighted that Ripple could be an XRP Treasury company in 12 months. This comes from the reports that the blockchain company holds 4.56 billion XRP with an additional 37 billion in escrow.
DAG CEO Disagrees with XRP Critics
While critics believe that Ripple could likely manipulate the price of XRP by dumping a huge amount of tokens into the market, the CEO of Digital Ascension Group (DAG), Jake Claver, argues that these are purely based on old facts and are completely false.
There’s a lot of fear and doubt out there. People say XRP is centralized and Ripple owns too much of it. But if you take the time to actually research, you’ll see that’s not true.
Speaking on the asset, Claver highlighted that XRP’s design and real utility are usually overlooked. Basically, he expects a massive shift in price when more financial institutions embrace the blockchain for asset tokenization.
In a YouTube video titled “XRP & Digital Assets – The Greatest Wealth Transfer in History – Live Q&A,” Claver disclosed that he has not always been a fan of XRP. According to him, his perception completely changed after speaking to experts and delving into the technology.
Last year, Ripple CEO Brad Garlinghouse posted an artwork featuring a stencil drawing of a chimpanzee holding a board that reads “Laugh now, but one day, XRP will rule the world.” According to Claver, his recent discovery has brought him to a point where he no longer doubts this statement.
I believe him. You don’t hang that on your wall unless you really mean it.
More About XRP’s Tokenization Moves
Echoing similar sentiment, Bitwise’s Chief Investment Officer Matt Hougan recently disclosed that XRP, together with Ethereum (ETH), Chainlink (LINK), and Solana (SOL), forms the infrastructure layer that supports compliance, secure, and scalable asset issuance.
As outlined in our recent blog post, Hougan believes that these assets are the potential vehicles for gaining early exposure to tokenization.
According to our recent publication, the Real World Asset (RWA) tokenization ecosystem could reach $18.9 trillion by 2033 from the $0.6 trillion recorded in 2025.
In February, RWA tokenization firm Elysia announced that it is introducing a new RWA pool on the XRP Ledger (XRPL). As mentioned in our previous news brief, this expanded existing products while marking the beginning of the future of asset tokenization.
At the time of writing, XRP was trading at $3.0 after surging by 1.4% in the last 24 hours. According to our recent analysis, XRP could soon hit $4 after making a decisive move above the $3.5 level.
