A renewed wave of speculation has emerged around a possible $33 price level for XRP, with recent social media discussion linking the figure to BlackRock’s potential involvement with the crypt
A renewed wave of speculation has emerged around a possible $33 price level for XRP, with recent social media discussion linking the figure to BlackRock’s potential involvement with the cryptocurrency. The claim, however, remains unverified and is rooted in research that does not represent an official price target by BlackRock.
Crypto commentator XRPMoonWalk recently suggested on X (formerly Twitter) that large XRP holders, sometimes called whales, may be aware of plans by BlackRock and have positioned a sell order at the $33 price region. XRPMoonWalk questioned whether anyone could verify the presence of this supposed sell wall on Coinbase and implied that such activity could indicate insider knowledge.
So it seems like the whales know BlackRock is coming and that’s why they have a $33 sell wall for ripple:native. There is curiosity about whether such a sell wall still exists on Coinbase.
The post attributed the $33 valuation to research shared by macro analyst Pumpius, citing an earlier study whose authors included Robert Mitchnick and Stanford economist Susan Athey. The commentary quickly spread within the XRP community, triggering discussion about possible high price levels coinciding with institutional interest.
However, no evidence has yet surfaced to confirm the presence of a $33 sell wall on Coinbase or any other exchange. Sell walls are formed when a cluster of sell orders appears at a specific price, but orders can be changed or canceled at any time, and their existence does not inherently suggest privileged information about BlackRock.
Mini dictionary: BlackRock, one of the world’s largest asset management companies, manages trillions of dollars in funds and is active in the digital asset ecosystem through investments and product development.
The figure at the center of the debate comes from a 2018 academic paper, “A Fundamental Valuation Framework for Cryptoassets,” co-authored by Robert Mitchnick and Susan Athey. Their research explored various scenarios and calculated that, in an optimistic “success” scenario for XRP, it could reach between $6.37 and $32.91 per token, with the probability for this case estimated at 25%.
Scenario Valuation Range (per XRP) Probability Success Case $6.37 – $32.91 25% Failure Case $0.00 75%The paper did not set $32.91 as a guaranteed price, nor did it indicate that the figure represented an investment target for BlackRock. At the time, Susan Athey also disclosed that she was a board member at Ripple Labs and owned equity in the company.
Robert Mitchnick later joined BlackRock, where he now leads its digital asset strategy. However, his current role does not retroactively make his earlier research an official position of BlackRock, nor does it translate academic scenarios into investment forecasts.
Recent viral posts have sometimes ignored key context from the original paper, such as the range’s lower bound and the probability assigned to each outcome. The current discussion also fails to clarify that the research predates any formal association between Mitchnick and BlackRock.
Mini dictionary: Ripple Labs is a technology company specializing in digital payment protocols. XRP is its associated cryptocurrency, used to facilitate cross-border transactions.
To date, there is no data linking large XRP holders’ activity with any nonpublic plans by BlackRock or with the academic research behind the $33 figure. The possibility that whales are acting on insider information is not supported by verifiable facts.
The presence of high sell orders at a specific price alone does not confirm collaboration or shared knowledge among whales or institutions regarding BlackRock’s strategies.
Ongoing discussion remains speculative unless new evidence arrives to clarify whether substantial sell walls are being used in response to anticipated institutional action around $XRP.
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