The debate over XRP’s price potential has persisted for years, with critics consistently pointing to market cap as the ceiling that limits how high the asset can realistically rise. Versan Aljarrah, founder of Black Swan Capitalist, has a different opinion. He has challenged the conclusion, but taken it a step further by challenging the valuation method itself. A Different Valuation Model Aljarrah posted a direct claim about how XRP should be valued. He believes that XRP’s price discovery will eventually be based on the percentage of global value it settles, not just its market cap. That is a significant distinction. Market cap measures current circulating supply multiplied by price, a static snapshot of speculative sentiment. Aljarrah argues that metric is the wrong tool for XRP entirely, calling it “arbitrary.” His proposed model ties value to real-world utility , specifically the share of global settlement activity that XRP processes. Price discovery for $XRP will eventually be based on percentage of global settled value it captures, not arbitrary market cap. When that model flips, the numbers get very large very quickly. — Versan Aljarrah – Black Swan Capitalist (@VersanAljarrah) May 11, 2026 Why Settled Value Changes the Calculation Global settlement encompasses cross-border payments, institutional transfers, and financial infrastructure transactions. The total value moving through these systems annually runs into the hundreds of trillions of dollars . If XRP captures even a fraction of that activity, the valuation math shifts substantially. This is the core of Aljarrah’s argument. He is not predicting a price target. He is describing a structural shift in how the market will assess XRP’s worth. Traditional market cap analysis does not account for transactional utility at scale. A settlement-based model does. When the Model Shifts According to Aljarrah, this model will eventually take hold, though he does not assign a date. What he does say is that once the shift occurs, it will accelerate fast. The current valuation approach treats XRP like a speculative asset. A settlement-capture model treats it as financial infrastructure. Those two categories attract different investors, different capital, and different price expectations. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Argument Against Market Cap Criticism Critics frequently use market cap as a ceiling argument , calculating what XRP’s price would need to be to reach certain levels, then comparing that figure to global GDP or total asset markets. Aljarrah’s argument addresses this directly. He contends the comparison point itself is wrong. Settled value, not total market size, is the relevant denominator. This reorients the entire conversation. The question stops being, “Can the market cap support this price?” The question becomes “what percentage of global settlement does XRP capture?” Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Expert to XRP Investors: Numbers Gets Very Large Very Quickly Once This Happens appeared first on Times Tabloid .