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Ripple and the SEC’s prolonged lawsuit has caused a significant stir in the cryptocurrency world. However, some experts claim the outcome of this process might have been pre-planned. Vandell Aljarrah, co-founder of Black Swan Capitalist, shares striking allegations about the Ripple and SEC case.
Market Manipulation and XRP’s Strength
In a conversation with Alpha Lions Academy CEO Edo Farina, Vandell Aljarrah evaluated the sudden rise in XRP prices following the SEC lawsuit and the subsequent pullback. He views the rapid return of XRP to its previous levels after a 20% increase as a result of market manipulation.
According to Aljarrah, despite these fluctuations, XRP’s fundamentals remain strong. However, he suggests that the prolonged duration of the lawsuit against Ripple is also part of a plan.
Ripple and Government Connections
Aljarrah highlights Ripple’s connections with government institutions, viewing this as both suspicious and expected. He emphasizes that Ripple executives have clearly stated from the beginning that the XRP Ledger was designed for institutions.
He argues that the main goals of financial institutions, especially central banks, are to maintain control, minimize risk, and maximize profit.
XRP’s Future and Strategic Position
Aljarrah notes that Ripple’s relationships with central banks and financial institutions increase confidence in XRP’s long-term potential. Despite all legal battles and price volatility, he asserts that XRP is strategically positioned to play a significant role in the new financial system.
At this point, he claims that the narrative spread about XRP is misleading. Following the announcement of the SEC lawsuit, individual investors panicked and sold their XRP, while the largest wallets, representing the top 0.1%, actively accumulated XRP.
Is XRP Investor a Victim of Manipulation?
According to Vandell Aljarrah, XRP is the most manipulated cryptocurrency he has seen to date. Entering the cryptocurrency world in 2007, Aljarrah claims that individual investors were repeatedly discouraged through sales, while large players quietly accumulated XRP.
The lawsuit between Ripple and the SEC is seen not only as a legal battle but also as part of a complex strategy to determine power balances in the financial system. How XRP’s future will shape up in this process remains to be seen. However, Vandell Aljarrah’s views continue to raise many questions in the cryptocurrency world.
