Macro Analyst Reveals Why XRP Can't Hold $3 Level

XRP surpassing the $3 threshold is a significant moment for both holders and market observers, as this token hit a mark of $3.02 in a short-term period before facing a quick pullback. While many believe that this pullback is due to market resistance or normal profit-taking, macro analyst Versan from Black Swan Capitalist offers a deeper and more controversial perspective. According to him, XRP's continuous struggle to maintain levels above $3 is not the result of weak fundamentals but rather a product of intentional suppression stemming from the breakthrough potential of this asset. XRP's Short-term Flirting With $3 On July 14, XRP surpassed the $3 mark for the first time in many years, reaching a daily high of $3.02. However, this upward momentum did not last long. Within 24 hours, the price dropped sharply by nearly 8%, down to $2.78 before recovering to $2.90.

This strong adjustment coincides with the increasing predictions about the upcoming launch of the ProShares XRP futures ETF, expected on July 18. Analysts believe that institutional investors may have sold off positions near $3 ahead of the market volatility before the ETF launch, taking profits while retail investor excitement reaches its peak. Despite the sell-off, on-chain data shows that accumulation activity has quickly rebounded. Wallet activity remains high, and XRP futures contracts opened stable, indicating that this pullback may only be a temporary reset rather than a break in the upward momentum. Intentional Suppression or Market Mechanism? Versan's argument focuses on the idea that the true value of XRP is deliberately hidden. He argues that XRP is a tangible threat to traditional financial institutions and centralized intermediaries. According to him, "It ends fraud. It exposes the system." From this perspective, XRP is not just a digital asset; it is a tool capable of dismantling a murky and inefficient financial infrastructure. This assertion is reinforced by the unique position of XRP in the global financial sector. Unlike most other cryptocurrencies, XRP is designed for real-time payments and cross-border liquidity. It has been tested or adopted by several financial institutions worldwide. However, the ongoing legal and regulatory oversight, especially from the SEC, has slowed the process of full integration into the institutional framework. For Versan, these barriers are not merely procedural; they are strategic moves aimed at delaying what he describes as the inevitable collapse of the outdated financial order. The Role of Bitcoin's 4-Year Cycle Another point raised by Versan is the continuous correlation of XRP with Bitcoin's four-year halving cycle. Although XRP is built on a utility model and is adopted by businesses, its price movements still mimic the boom and bust cycle of Bitcoin. Versan believes that this is due to the broader market structure designed to hold XRP closely tied to speculative assets like Bitcoin, rather than allowing it to fluctuate independently based on its underlying value. In his view, only when XRP separates from Bitcoin and the "underground market" can it freely reflect its true value. The Road Ahead: ETF Launch, Accumulation, and Price Prospects The XRP ProShares Futures ETF is set to launch and is expected to play a vital catalytic role. Although the recent pullback indicates caution ahead of the launch, XRP's recovery above $2.85 shows that institutional and retail investors still hold strong confidence. Analysts are currently waiting for a decisive close above $3.10, which could pave the way for a move towards higher resistance near $3.60 and beyond. Meanwhile, on-chain activity remains strong. Veteran trader Peter Brandt recently identified a pattern he calls the "double bottom" on the XRP chart, predicting a potential price increase of 60% to $4.47. Accumulation activity by whales has also increased, and address trading activity has surged to levels not seen since March, further reinforcing the bullish argument. The fact that XRP cannot hold above $3 is not a sign of weakness but a symptom of larger systemic forces at play, at least according to macro analyst Versan. His analysis indicates that XRP is caught in a tug-of-war between its revolutionary potential and the stagnation of a financial system that craves to maintain control. With the increasing adoption, strong on-chain metrics, and the upcoming ETF launch, XRP seems to be at a critical juncture. Whether it can break free from the gravitational pull of the Bitcoin cycle and the constraints of the traditional market may determine if the next breakout above $3 will only last in the short-term or will be the beginning of a new era.