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Markets

Black Swan Capitalist warns Ripple is accumulating XRP as SWIFT challenge intensifies

Versan Aljarrah, founder of Black Swan Capitalist and an independent crypto analyst, has identified a series of moves by Ripple that he views as a coordinated effort to restructure the landsc

AnonymousCryptoCompass newsroom
September 28, 2026
4 min read
NEWS
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Versan Aljarrah, founder of Black Swan Capitalist and an independent crypto analyst, has identified a series of moves by Ripple that he views as a coordinated effort to restructure the landscape of cross-border payments. According to Aljarrah, Ripple is taking active steps to remove XRP from open market circulation, simultaneously increasing the activation of accounts on the XRP Ledger and expanding the reach of RLUSD, Ripple’s regulated stablecoin.

Ripple intensifies challenge to SWIFT

Aljarrah observes that these actions by Ripple appear designed to position both XRP and Ripple’s underlying payment infrastructure as direct competitors to SWIFT, the global financial messaging network widely used for cross-border transactions. He believes these developments are not isolated and points to what he describes as a strategic installation, where Ripple accumulates XRP as “inventory” ahead of probable future demand, tightening available supply even as network utility grows.

He summarized his outlook by stating, “Activity first. Valuation later.” This perspective suggests that Ripple’s focus is on enhancing network activity and adoption before any anticipated increase in XRP’s value.

“They’re draining XRP off the open market, lighting up XRPL accounts, growing RLUSD, and pointing Ripple at SWIFT in the same week. That’s the install. XRP is the inventory. Activity first. Valuation later.”

Aljarrah’s remarks reflect his belief that Ripple’s present strategy revolves around preparing its ecosystem for a wave of institutional and public adoption, while limiting the amount of XRP available for purchase on open markets.

Mini dictionary: SWIFT, the Society for Worldwide Interbank Financial Telecommunication, is a global network that enables financial institutions to securely send and receive information about financial transactions, especially cross-border payments.

The institutional backdrop

In a recent video, Aljarrah linked Ripple’s recent moves with broader policy shifts among global institutions. He noted that organizations such as the World Bank, International Monetary Fund (IMF), and Bank for International Settlements have spent extensive time developing frameworks for tokenized finance, cross-border settlements, and updated payment protocols.

Aljarrah argues these institutions are creating conditions for a transition to new payment systems. He cited increasing geopolitical tensions, energy market disruption, bonds facing mounting stress, fragmented international trade, and growing compliance costs in finance as factors accelerating institutional openness to emerging technologies like XRP Ledger.

“They’re not waiting on what everybody else has to say about it—they’re waiting on the conditions. That’s kind of where XRP comes in, plays out for the whole world,” Aljarrah explained.

As a result, he asserts, Ripple and XRP’s infrastructure are set to benefit when global financial players move to embrace digital settlement solutions, especially as traditional systems face mounting challenges.

Implications for XRP’s price and adoption

Aljarrah deliberately separates network activity from valuation, suggesting that the foundation being laid through increased ledger activity and RLUSD rollout will only translate into price momentum when adoption broadens at scale. He argues that if Ripple continues to remove XRP from the retail market and institutional demand for its settlement solutions rises, the available supply for average traders could dwindle.

He further asserts that ongoing developments on the XRP Ledger, paired with Ripple’s efforts to challenge entrenched payment players such as SWIFT, are actionable signals for market observers to track. This progression, he says, is already underway, even if visible price effects are yet to fully materialize.

Aspect Ripple & XRP SWIFT Focus Blockchain-based settlements and digital asset liquidity Global financial messaging for traditional banks Market Supply Reportedly reducing available XRP through accumulation No native token supply constraints Institutional Partners Expanding across fintech and regulated stablecoins Long-standing partnerships with major global banks

Ripple, based in San Francisco, specializes in providing enterprise-level blockchain solutions aimed at improving the speed and efficiency of cross-border payments for financial institutions worldwide.

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