According to foreign media reports, a digital asset analyst, Jake Claver, argued that an XRP up to $10 was not a natural result, but a possibility only when multiple conditions were established. He linked this objective to United States encryption legislation, stable currency regulation, institutional inflows and changes in the interest rate environment.
Legislation is considered a prerequisite
According to the article, the most important thing for Claver is the United States Congress ' s promotion of the Encrypted Market Structure Act. In his view, the purpose of the bill was not only to improve the mood of the encrypted market, but also to provide the institutional basis for greater participation by financial institutions.
He also referred to the GENIUS Act in relation to the stabilization currency. In its view, if the regulatory framework for stable currencies is clear, banks are more likely to issue large-scale stabilization currencies, supported by United States Treasury bonds. In this way, stable currency markets could become part of the demand for United States Treasury debt.
Stable currency and debt market logic are tied.
The core judgement of Claver is that, if the yen arbitrage is withdrawn, overseas investors such as Japan may sell some of the United States Treasury debt and turn to local assets. In this context, the United States needs more home-grown demand for bond supply to avoid debt market pressure.
The article argues that, under this scenario, the regulated stable currency is considered to be one of the potential contributors. Claver further extended this logic to the XRP, arguing that the cross-border settlement use of XRP could only be activated on a wider scale once the regulatory landing and institutional adoption had expanded.
US$ 10 is not a baseline scenario
The report mentions that the XRP, which once touched the vicinity of $1 this week, has since recovered slightly and is still significantly below historical heights. According to Claver, at least several conditions are required to facilitate further price upswings:
- Clarity Act passed
- Stable currency regulation into the banking system
- Sustained access to markets for institutional capital
In addition, he listed the macro environment as one of the variables, i.e., when inflation slowed, the market began to shift to lower interest rate expectations. According to the article, none of these conditions are currently recognized and there is still considerable uncertainty as to whether to synchronize.
Overall, this is a perspective based on policy and macro assumptions. The core of it is not that there have been new fundamental changes in the XRP, but the analysts believe that if the regulatory, financial and interest rate environment improves at the same time, the XRP is likely to be close to higher price zones.