The Claim: Disguised as Tariff Reaction
In his X post, Aljarrah argued that the spectacle surrounding the trade‑policy announcement was a cover story: “This wasn’t a correction. It was a coordinated liquidation, disguised as a ‘tariff reaction.’”
He argues the XRP and crypto asset drop wasn’t just due to macro headlines, but was driven by actors who triggered a wave of forced exits, shaping the market narrative.
This wasn’t a correction. It was a coordinated liquidation, disguised as a “tariff reaction.” pic.twitter.com/ahScUZUzbf
— Black Swan Capitalist (@VersanAljarrah) October 11, 2025
Patterns of a Liquidation Cascade
Forced Exits and Amplification Effects
A true correction typically evolves gradually. What we saw instead was a violent cascade: massive liquidations shutting down leveraged long positions en masse. Platforms tracking derivatives and order‑book data confirmed billions of dollars wiped out in short order.
In such events, thin liquidity and clustered stop‑loss triggers act as accelerants, amplifying the move beyond what fundamentals would justify.
XRP’s Suppression and Price Control Allegations
Aljarrah’s assertion aligns with prior claims that XRP’s pricing is artificially managed. He has contended that “layered, coordinated” suppression operates across exchanges, regulatory infrastructure, and liquidity routing—ensuring that the token never fully reflects its purported utility.
In his view, the same mechanisms that had held down XRP in calmer times were repurposed in the recent shock to achieve maximum structural disruption.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Why This Distinction Matters to Holders
If one believes this was a naked liquidation campaign rather than a macro slog, then strategy must shift from narrative to forensic metrics.
XRP holders should monitor liquidity injections and how deep order books absorb recovery, abnormal on‑chain flows—substantial wallet moves, derivatives funding rates, and basis spreads that hint at market stress, and exchange activity patterns for signs of market intervention or accumulation by large holders.
By contrast, treating the drop as a simple “correction” invites complacency—assuming rebounds will follow classic technical behavior. That may misalign risk calibration in a manipulated environment.
A Measured Verdict
Versan Aljarrah’s claim—bold yet rooted in patterns observed in high‑leverage markets—poses a compelling reframing of what happened. The abrupt, synchronized nature of the crash, paired with evidence of suppression around XRP, supports the possibility that powerful capital was involved. Still, proof beyond timing and correlation is elusive.
What’s clear is this: the market did not stumble; it was forced. For holders, the path forward is not guessing the headline but deciphering the liquidity architecture beneath it.
When the dust settles, the real contest won’t be between bulls and bears—but between those who understand the invisible hands guiding the markets and the rest.