XRP saw a significant rise last week, but then quickly lost some of that gain. Foreign media reports suggest that market commentators Jesse believe that such sharp rises and falls are not usual, and based on this, they have proposed the view that XRP prices may be under pressure.
He stated that he previously believed that price restrictions might be intended to prevent ordinary investors from making profits, but now he tends to favor another explanation: the relevant parties are not yet ready to allow XRP to fluctuate freely. However, this claim is not accompanied by verifiable evidence and remains a personal judgment.
After rising by over 45% last week, it fell back.
According to reports, XRP saw a cumulative increase of over 45% last week, rising to 1.66 US dollars before falling back. Some supporters initially expected that this upward trend could push the price closer to 2 US dollars, but subsequently, XRP dropped back below 1.40 US dollars.
Jesse believes that after each rapid increase, XRP quickly falls back again, forming a recurring trend pattern. Based on this, he infers that the price may not be entirely driven by natural trading, but is influenced by external factors.
Link the judgment with the global monetary system.
In explaining this view, he mentioned the 'Triffin Dilemma' proposed in the 1960s. This theory posits that if a country's currency serves as the global reserve currency for an extended period, it may ultimately face the pressure of a chronic trade deficit due to the continuous provision of liquidity to the world.
He also mentioned that the International Monetary Fund introduced Special Drawing Rights (SDRs) in 1968 in an attempt to supplement the global reserve asset system. However, in his view, this tool was mainly limited to use among central banks of various countries and therefore failed to establish a broader basis for liquidity.
It is believed that XRP may play a greater role.
Jesse Further speculation suggests that XRP may play a more extensive role in the future global financial system than Special Drawing Rights (SDRs). He mentioned that Trump and American fiscal officials have publicly discussed the establishment of a more balanced global financial system, and interpreted these statements as an indirect endorsement of the potential uses of XRP Ledger.
However, the report also pointed out that he acknowledged that this explanation was clearly speculative in nature. Regarding the recent sharp fluctuations of XRP, another more direct explanation is still normal market trading, profit-taking, or short-term capital withdrawal, rather than coordinated price suppression.
