TLDR
- XRP’s price volatility is affected by Bitcoin’s speculative cycles, according to financial strategist Versan Aljarrah.
- Aljarrah believes that XRP will gain real price stability once it is decoupled from Bitcoin’s price movements.
- Ripple has spent over a decade building institutional partnerships and financial infrastructure to support XRP’s growth.
- The launch of the first spot XRP ETF and increasing institutional adoption could help XRP break free from Bitcoin’s influence.
- XRP’s long-term success depends on its ability to move based on real utility rather than Bitcoin’s speculative trends.
XRP’s price volatility persists despite key developments, with experts calling for the asset to be decoupled Bitcoin. Versan Aljarrah, founder of Black Swan Capitalist, recently pointed out that XRP’s price movements are still influenced by Bitcoin. He stressed that until XRP becomes independent, its price will continue to mirror Bitcoin’s speculative cycles.
XRP’s price linked to Bitcoin’s speculative cycles
Versan Aljarrah expressed his views on XRP’s price addiction to Bitcoin during a public statement on November 11. Aljarrah called Bitcoin a “debt-based speculative asset” and argued that it has long dictated market movements. According to Aljarrah, XRP’s volatility stems from this correlation, preventing it from moving in a direction aligned with its utility.
Aljarrah claimed that XRP’s true potential will emerge when it stops reacting to Bitcoin’s fluctuations. He stated that Bitcoin’s influence over the broader crypto market, including XRP, has been significant. As long as XRP remains tied to Bitcoin’s price movements, it will struggle to achieve long-term stability and growth.
XRP’s long-term growth tied to institutional adoption
Despite these challenges, XRP has made progress in building a strong foundation for long-term success. The asset has been integrated with banks, liquidity providers and payment networks worldwide. Ripple, the company behind XRP, has spent over a decade securing licenses and establishing relationships with financial institutions worldwide.
Aljarrah expressed confidence that XRP’s decoupling from Bitcoin is imminent. The launch of the first spot XRP ETF and increasing institutional interest could fuel XRP’s independence. As more banks and financial companies adopt XRPthe asset is expected to start moving based on its real utility rather than speculative trends driven by Bitcoin.
XRP’s future now depends on its ability to diverge from Bitcoin’s price cycles. As XRP continues to expand its institutional partnerships, the market may soon see the asset begin to perform on its own merits.
