Vandell Aljarrah, co-founder of Black Swan Capitalist, recently discussed the SEC lawsuit and XRP’s price movements with Edo Farina, CEO of Alpha Lions Academy. Vandell noted that after a brief 20% increase in XRP’s price following the court decision, it quickly fell back to previous levels. He attributes this price action to ongoing market manipulation, suggesting that despite these fluctuations, XRP’s underlying fundamentals remain robust.
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Vandell believes that the SEC lawsuit is part of a broader, premeditated plan involving significant price suppression and manipulation. He also expressed skepticism about Ripple connections with government agencies, describing it as suspicious but not unexpected. Ripple’s executives have always emphasized that the XRP Ledger was designed with institutional use in mind, reflecting the goals of financial institutions to maintain control, reduce risk and enhance profit.
Despite the legal challenges and price volatility, Vandell remains optimistic about XRP’s future. He highlighted XRP’s continued growth and its expanding relationships with central banks and financial institutions, reinforcing his belief in its long-term potential.
Vandell criticized the narrative surrounding XRP, noting that retail investors often panic and sell off their holdings when legal issues arise, while the largest investors continue to buy. He claimed that XRP is among the most manipulated digital assets he has observed since entering the crypto space in 2007, with strategic sell-offs intended to deter retail investors while larger players accumulate the asset quietly.
Cre: Coinpedia
I’m Jessi Lee, currently living in Singapore. I am currently working as a trader for AZCoin company, with 5 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
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