XRP will remain volatile as long as it’s correlated with debt based speculative assets like Bitcoin.
— Black Swan Capitalist (@VersanAljarrah) November 11, 2025
However, there will come a time when XRP decouples from these markets and establishes itself as an independent standard that absorbs and consolidates the global financial system. pic.twitter.com/6rcOeY3B3l
While the crypto market remains under pressure due to global economic uncertainties, XRP continues to disappoint despite concrete advances. The discrepancy between its fundamentals and its price is a significant concern for investors. According to Versan Aljarrah, a recognized analyst and founder of Black Swan Capitalist, the answer lies in XRP's persistent correlation with Bitcoin. He argues that as long as XRP remains tethered to Bitcoin's movements, it will be trapped by chronic volatility, reigniting the debate on the strategic independence of Ripple’s flagship asset.
In brief
- •XRP struggles to gain momentum despite its progress, largely due to its ongoing correlation with Bitcoin.
- •Analyst Versan Aljarrah asserts that this dependence contributes to artificial volatility.
- •He characterizes Bitcoin as a "debt-based speculative asset," which negatively impacts altcoins like XRP.
- •Bitcoin's dominance overshadows XRP's fundamental strengths, hindering its valuation based on its actual utility.
An Ongoing Dependence on Bitcoin
In a statement published on November 11, Versan Aljarrah, founder of Black Swan Capitalist, strongly criticized XRP’s current dependence on Bitcoin. He views this relationship as a major factor contributing to unwarranted volatility, even amidst a general crypto surge.
Aljarrah believes that as long as this correlation persists, XRP will remain confined to speculative dynamics that do not accurately reflect its fundamental value. "The instability of crypto prices, despite notable advances, will persist as long as it remains under bitcoin’s influence," he stated.
He further described Bitcoin as a "debt-based speculative asset," emphasizing that BTC's dominance in the crypto market stems more from speculative mechanisms than from genuine economic utility.
This analysis highlights a paradox: despite XRP's numerous concrete initiatives in recent years, its price remains strongly tied to Bitcoin's movements. Aljarrah points to a domino effect that prevents the asset from achieving autonomy, even when positive signals emerge. The key elements contributing to this dependence dynamic include:
- •A speculative correlation: The XRP price continues to react to Bitcoin's rises and falls, irrespective of its own news.
- •Market distortion: XRP's perceived value is influenced by investor behavior towards Bitcoin, obscuring its real advancements.
- •A lack of independent recognition: Despite notable technical developments, XRP remains categorized as a follower altcoin.
- •Prolonged volatility: This structural dependence prevents XRP from achieving the stability its supporters anticipate.
In essence, Aljarrah contends that XRP can only embark on a sustainable and coherent trajectory if it breaks its systematic link with Bitcoin. He refers to this as a "necessary separation" to allow the asset to fully emancipate itself from the dominant speculative cycles within the crypto ecosystem.
Early Signs of Emancipation for XRP
Versan Aljarrah's statement has generated considerable discussion, partly because it arrives at a time when several signals suggest a potential turning point for XRP.
The strategist highlighted that, despite the current dependence, "the correlation is temporary and a definitive break is near." He explained that Ripple has spent the last decade diligently building a robust financial infrastructure, including obtaining regulatory licenses and integrating with banks and global payment networks. These efforts are intended to lay the groundwork for an autonomous XRP, capable of operating in markets without mechanically aligning with Bitcoin's fluctuations.
This decoupling could occur relatively soon, though Aljarrah's claim of "the next 11 days" is not substantiated by concrete factual evidence. Nevertheless, many observers agree that the current market context is conducive to a re-evaluation of XRP's market dynamics. The project is already attracting institutional users, whose practical applications could, over time, anchor XRP's price in a less speculative framework.
Such an evolution could significantly alter the current situation. If XRP successfully decouples from Bitcoin on a sustainable basis, it could lead to a more stable valuation that better reflects its real utility. In the medium term, the potential approval of an XRP ETF, a topic of discussion in specialized circles, would further bolster this trend. However, the exact timeline for this transition remains uncertain, and the markets, still influenced by overall sentiment surrounding Bitcoin, could potentially slow down this process.