Dark Pool Holds XRP From Soaring Higher: Jake Claver

Despite the bullish signs sending cryptocurrencies prices higher, XRP price has defied all of them and remains at the consolidation phase around the $2 mark without a significant breakout since trading above $3 in February.

Recently, Jake Claver, Managing Director at DAG Family Office, opined that dark pools are the invisible forces playing a detrimental role in keeping XRP From displaying the predicted bullish momentum.

Ever wonder why #XRP price feels stuck even with all the big news and adoption stories flying around? Dark pools are an invisible force playing a role behind it, holding prices stable, but one catalyst could trigger one of the biggest moves ever.
1/23🧵 pic.twitter.com/I2NnjxmIwf

— Jake Claver, QFOP (@beyond_broke) April 28, 2025

Dark pools are private asset exchanges designed to provide additional liquidity and anonymity for trading large blocks of securities away from the public eye.

Jake explained that the big players in crypto use dark pools to stack up crypto without letting the public be aware to avoid letting the price surge and create FOMO before buying their desires.

For example, Jake Claver cited that a whale might want to buy $500 million worth of XRP without tipping off the market, then he employs dark pools (private spots) to get the order filled off the general market.

This strategy, therefore, makes the big buyers buy while the price is low as big buys push prices up faster, whilst the coin looks boring to ordinary retailers and triggers their selling buttons.

Furthermore, Jake stated that institutions are currently filling up their portfolio with crypto using the privacy and efficiency dark pools offer to do it properly.

“Coinbase, Kraken and others have rolled out these services for big clients. Plus, new decentralized options are popping up,” Jake added.

Crypto Analysts Divide Over XRP Price Predictions

Nevertheless, since the end of the SEC vs Ripple lawsuit, the launching of Ripple’s RLUSD, a U.S. dollar-backed stablecoin, and other positive developments in the XRP community, crypto analysts have provided different price predictions for XRP.

🟢🚀Only $XRP holders can agree we're in a bull run

Over 485% gain YTD pic.twitter.com/QHTlgcDMJh

— Coinwaft (@coinwaft) January 16, 2025

ReliefRemiX, a notable XRP supporter, mentioned on X (formerly Twitter) that analysts are predicting a $85 price for XRP by May 2025, whilst others are hoping for $65 to $100 provided XRP ETFs are launched.

🚨 MONEY MAKING MAY 🚨

Analyst are predicting a $85.00 XRP in May…other analyst are predicting somewhere between $65-$100 🙌 as long as we have our ETFs

These price predictions are based on ETFs. I saw the news and wanted to share with you beautiful souls before I went to…

— X Remi Relief X (@ReliefRemiX) April 23, 2025

Another long-time XRP supporter suggests a price target between $37 and $50 by the end of 2025.

Also, Jake expressed that dark pools are often blessings in disguise for those who are not panicking and are willing to hold for a long time because when the price flips, a buying zone is expected.

“At a certain point, demand on public exchanges will explode past supply — and that’s when the market will panic to reprice itself. Get ready for a potential 2x, 3x, even 5x sprint,” Jake Claver said.

ProShares Gets U.S. SEC’s Approval to Launch Three XRP ETFs

ProShares, an issuer of exchange-traded funds, has obtained the U.S. Securities and Exchange Commission’s approval to launch three XRP-backed exchange-traded funds (ETFs), including an Ultra XRP ETF, a Short XRP ETF, and an Ultra Short XRP ETF.

The XRP-backed ETFs will be going live on the 30th of April, 2025.

This approval follows the debut of Teucrium 2x Long Daily XRP ETF, which is the first-ever XRP ETF in the U.S. It was launched at the beginning of April 2025.