Foreign media reports that analyst Versan Aljarrah believes the key variable for XRP is not the US Clarity Act, but rather the gradual shift of global payments and fund clearing towards compliant stablecoins and on-chain infrastructure. Only if this migration continues to expand could it truly change XRP's settlement needs and price structure.
Focus on settlement migration
Aljarrah believes the market is entering a broader period of capital migration. As programmable, regulated stablecoins gradually enter payment and settlement scenarios, some settlement needs that previously relied on traditional financial channels may shift to on-chain networks.
He mentioned that if AI agents take on more automatic routing functions in the payment path in the future, the system will prioritize more efficient and lower-cost channels, regardless of market sentiment or investor narratives. Based on this assessment, the opportunity for XRP is not to replace the dollar's status, but rather to handle more cross-network and cross-institutional settlement traffic.
Price revaluation depends on changes in demand
According to him, the potential upside for XRP lies not in short-term sentiment, but in whether settlement demand continues to increase. Only if more funds are cleared through XRP will the token demand structure change, and the price may be repriced in a later stage.
However, this commentary did not provide a specific timeline, nor did it offer on-chain data or institutional adoption progress to prove that this shift has already occurred on a large scale. The article is more about presenting a market perspective: what truly matters is whether payment infrastructure continues to migrate on-chain.
The statement directly criticizes the Clarity Act as merely an emotional issue.
When discussing the Clarity Act, Aljarrah's stance was quite direct. He stated that such legislation at this stage is more like a political performance influencing retail investor sentiment than a core factor determining market direction.
According to him, similar legislation often creates a period of optimistic expectations during its implementation and attracts more attention and liquidity at key junctures. However, he believes that this sentiment-driven approach does not necessarily equate to a change in fundamentals, and may instead be seen as an exit window by larger funds.
On-chain finance will not wait for regulations to be implemented.
He further stated that even with repeated setbacks in the legislative process, the trend of putting financial activities on the blockchain will not stop. The article mentions that Ripple's XRP, Stellar's XLM, and other networks are building compliance and infrastructure before regulations become clearer, rather than waiting for policies to be fully implemented.
The core of this view is that future market competition may not just be about the tokens themselves, but about who can get early access to payment, clearing, and compliance networks. If this trend holds true, XRP's performance will ultimately depend on real-world settlement usage, rather than short-term sentiment fluctuations caused by a single bill.
