In a recent discussion, Jake Claver, the CEO of Digital Ascension Group, shared insights on the growing interest in XRP among ultra-wealthy families. He suggested that many XRP holders may not fully grasp the rarity of their holdings. In a video posted on X, Claver revealed that his firm has been engaged in conversations with large family offices that are making significant investments in XRP.
This increased focus on XRP comes at a time when its long-term prospects are garnering attention, particularly due to developments in exchange-traded funds (ETFs). Claver noted a notable cultural shift among investors who traditionally shunned cryptocurrencies, as affluent families begin to consider XRP as a stable addition to their portfolios.
Claver emphasized the limited nature of XRP ownership globally, indicating that roughly 8 million wallets exist on the XRP Ledger (XRPL). He pointed out that half of these wallets hold fewer than 100 XRP, highlighting that existing holders are more unique than they may assume. This, he argued, stands in stark contrast to Bitcoin’s broad ownership and suggests that XRP remains early in its adoption phase.
Importantly, Claver highlighted that the wealthy families investing in XRP are not primarily motivated by the pursuit of quick profits. Instead, they view XRP as a method of safeguarding their accumulated wealth. He referred to their approach as a hedging strategy, indicating a desire for assets that are less correlated with traditional market risks.
Currently, XRP is trading at around $2.02. When questioned about his price expectations for XRP, Claver expressed a bold prediction of the cryptocurrency reaching $10,000 by late 2026 or early 2027. This outlook is contingent upon the activation of significant ecosystem developments on the XRPL within the next two years. Claver noted that the network requires substantial infrastructure enhancements, including XRP treasury systems, the launch of Evernorth, on-chain borrowing mechanisms, and regulatory amendments to improve compliance and smart contract capabilities.
He further explained that achieving price stability at higher levels depends on the volume of transactions processed on the ledger, necessitating increased liquidity. Claver also pointed to the role of ETFs in influencing XRP’s supply and demand dynamics, indicating that as ETF adoption rises, larger amounts of XRP are likely to be committed to long-term institutional projects.
In the realm of ETFs, spot XRP ETFs are reportedly nearing $1 billion in total net assets, with estimates suggesting they may cross that threshold shortly. Since their inception, these funds have accumulated approximately $897.35 million worth of XRP, without a single day of outflows.
This growing institutional demand reflects a broader trend highlighted by Ripple’s CEO Brad Garlinghouse, who noted increased activity via Ripple Prime. Many institutions, previously deterred by regulatory uncertainty and risks associated with cryptocurrencies, are now beginning to enter the market.
Overall, the sentiment emerging from these discussions suggests a significant shift in perception regarding XRP and cryptocurrencies among affluent families, as they look to leverage these digital assets for wealth preservation and diversification.
