Market observers are closely reassessing their projections for XRP, influenced by recent commentary from crypto enthusiast X Finance Bull concerning the asset's rapidly tightening supply conditions. His analysis highlights remarks made by financial analyst Jake Claver, who, in a recent video, detailed the diminishing pace of XRP reserves available through over-the-counter (OTC) and dark pool channels. This discussion has prompted many to examine the implications of escalating institutional demand, particularly as the number of exchange-traded products for XRP continues to grow.
If institutions can’t buy $XRP through OTC anymore… who’s left to sell? @RippleXrpie just posted a warning from Jake Claver, when the supply vanishes, the price doesn’t climb, it rockets
The floodgates aren’t opening. They’re snapping off the hinges
Repost if you are bullish https://t.co/O8GmYiip1s
— X Finance Bull (@Xfinancebull) November 27, 2025
OTC Availability Shrinking Rapidly
In the video shared by X Finance Bull, Claver elaborates on the significant shift in institutional access to XRP following the introduction of spot ETFs. He states that these new products are consuming substantial portions of the available XRP supply via OTC desks and dark pool channels. Claver estimates that the total accessible amount in these private markets previously ranged from one to two billion XRP before the current surge in activity.
Claver reports that approximately 800 million XRP were absorbed within the first week of ETF demand alone. He notes that this figure represents either half or nearly all of what he believed remained available through OTC and dark pool sources.
Claver emphasizes that once these reserves are depleted, institutional buyers will be compelled to source XRP from public exchanges, a scenario he argues could have a significant impact on its price.
Expectations for Additional XRP ETFs
A central point in Claver's analysis is his expectation that several of the largest asset management firms may soon enter the XRP ETF market. He specifically names BlackRock, Vanguard, and Fidelity as institutions he believes could introduce their own spot products.
Claver suggests that if these firms join the market, the number of XRP ETFs could surpass the total offerings for Bitcoin ETFs. This development, he believes, would place further strain on XRP's limited supply.
He underscores that the current wave of purchases does not yet include these major institutions, implying that demand could increase substantially once they begin to participate. Claver contends that the assumption that institutions will indefinitely rely on OTC channels for accumulation is misplaced, given that the available pool is already approaching depletion.
Early Price Signals and Exchange Activity
Claver references recent movements on public exchanges as an indicator of what he anticipates may occur. He notes that XRP briefly recorded a high of $91 on Kraken in the preceding week, highlighting that this instance was officially registered on the platform.
He contrasts this with past occurrences on other exchanges where extreme price spikes circulated through user-shared videos but did not appear in official trading records. Claver interprets the Kraken event as an early indication of how rapidly prices might react when institutional buyers are forced to turn to open markets.
He predicts that once OTC and dark pool supply is exhausted, increased ETF inflows will translate into sharp market adjustments. Claver reiterates his expectation that the developments he has been forecasting for the past 18 months are poised to materialize soon, driven primarily by the structural shift in how institutions access XRP.