Jake Claver on XRP’s Price Future

Digital Ascension Group’s CEO, Jake Claver, recently discussed the potential for XRP to revisit lower price levels.

He noted that many investors overlooked XRP when it was priced between $0.30 and $0.50, often dismissing it as “garbage.” Now that XRP is trending upwards, those same investors regret missing out on the opportunity to buy at lower prices.

Claver emphasized that buyers had ample time to acquire XRP at those lower prices and suggested that days of XRP trading below $0.50 are over, predicting that major corrections are unlikely to bring the coin back to those levels.

With the introduction of ETF products, Claver indicated that the market is less likely to allow XRP to fall to its previous lows. Spot XRP ETFs are expected to launch next month, potentially bringing in $5 billion in investments within weeks.

As a result, many speculate that XRP is poised to rise rather than retrace to the $0.50 range. Currently, XRP is priced at $2.84, reflecting over 400% gains since November 2024.

Notably, institutional interest is growing, with companies investing over $1 billion in XRP treasuries, reinforcing the idea that drastic corrections to historic lows are increasingly improbable.

“What Goes Up Must Come Down”

On the other hand, some technical analysts maintain that the saying—what goes up must come down—applies to XRP and other cryptocurrencies, regardless of positive market trends.

For example, analyst EGRAG used historical data to illustrate potential crash scenarios for XRP, indicating that a drop to $0.30 is still possible after a peak.

However, he notes that potential lows will depend on the height of XRP’s peak. A peak at $27 could lead to a correction below $1, while a peak at $9 might result in a drop to $1.3.

Today’s Price Will Be Significant

Claver believes XRP is set for long-term growth, especially if Bitcoin continues to rise. He highlighted possible catalysts like reverse carry trade dynamics and XRP’s role in backend settlement for stock market ETFs, which might propel XRP to levels that make minor differences in entry points irrelevant once it approaches triple-digit valuations.

Dollar-Cost Averaging Over Market Timing

Instead of waiting for a significant price drop, Claver advocates for dollar-cost averaging (DCA) as the preferable strategy for most investors. He advises buying small quantities whenever there is liquidity while cautioning against using leverage. In his perspective, XRP’s next significant movement is more likely to be upward than downward.