XRP’s latest push above the $3 mark was short but attention-grabbing. The asset briefly reached $3.02 before a swift pullback dropped its value to $2.78. Although many attributed this decline to typical resistance and profit-taking, macro analyst Versan of Black Swan Capitalist has offered a much deeper explanation.
According to Versan, XRP’s struggle to hold above $3 is not due to weak fundamentals. He believes the token faces systemic suppression because of its potential to disrupt traditional finance. His claim adds a controversial layer to the ongoing market narrative surrounding XRP’s accurate valuation and positioning.
Despite the pullback, XRP has seen increased accumulation and strong futures activity. Open interest remained steady, and on-chain metrics suggest the market views the decline as a healthy correction. Traders and analysts are now watching closely for the upcoming launch of the ProShares XRP Futures ETF, which is expected to introduce new volatility to the market.
Analyst Claims XRP Faces Structural Barriers Beyond Price Action
Versan argues that XRP threatens legacy financial systems due to its real-time settlement design and cross-border utility. He stated that the token “exposes the system,” making it a target for suppression. This, he believes, is why XRP still tracks Bitcoin’s four-year cycle despite its different fundamentals.
He suggests the correlation is not natural but engineered to keep XRP locked within speculative cycles. Versan added that decoupling from Bitcoin and broader market manipulation is necessary for XRP to realize its full value. He believes only a shift in financial control will enable XRP to escape this influence.
On-chain data shows renewed activity following the recent sell-off. Wallet addresses continue to accumulate XRP, and whale wallets are increasing their positions. Address activity has reached levels not seen since early March, signaling strong market confidence.
Technical analysts like Peter Brandt have also pointed to potential bullish setups. Brandt identified a “compound fulcrum” formation that may lead to a 60% rally, pushing XRP as high as $4.47. This prediction aligns with increasing interest ahead of the ETF debut.
Conclusion
Versan views XRP not as a failed breakout but as a suppressed force within a tightly controlled market structure. With consistent on-chain strength, increasing adoption, and upcoming institutional exposure, XRP remains at a critical junction. The next move beyond $3 could determine whether the token remains constrained or enters a new growth phase.
