Versan Aljarrah, a critic of the XRP community and host of Black Swan capitalists, explains that he believes XRP could be exposed to gold.
According to Aljarrah, this can happen when XRP acts as a bridge for the gold support tokens in the XRP ledger (XRPL). His comments follow a wave of community speculation that suggests that XRP could ultimately be linked to money. This is an idea that faces criticism for the lack of technical support.
How XRP creates synthetic links to gold
His latest ExplanationAljarrah revealed that XRP does not need to carry gold lining to benefit from its value. He believes that XRP only encourages the movement of golden stablecoins in XRPL.
In the context, each token represents a gram of physical gold that is stored securely by custodians such as MKS PAMPs and Imperial Vaults. Meld Gold allows tokens to integrate real-world assets such as gold and silver with XRPL’s Defi tools, including built-in decentralized exchanges.
So far, Meld Gold is the only project aimed at launching in XRPL. Other gold-backed tokens like Pax Gold (PAXG) retain a strong reputation, but have not yet been released in XRPL. Aljarrah sees a future where XRPL has such a flood of tokens.
Persistent call for XRP to bridge gold-backed tokens
In particular, the Black Swan capitalist host has perpetually promoted the idea that XRP powers a gold-linked financial system. In May he published a criticism of today’s financial structure.
Aljarrah argued that on-chain tokenization of gold, especially in XRPL, could lead to a more transparent and stable financial system. In that setup, XRP acts as an asset connecting these tokenized gold units.
Meanwhile, five months ago, Aljarrah argued that financial giants such as JP Morgan, BlackRock, BIS and IMF had already made private decisions to place XRP at the heart of future financial frameworks. He suggested that XRP could serve as the ultimate bridge for this system, but he failed to provide evidence.
XRP theory under gold backing lacks technical support
These comments come as voices from other communities float the theory of the future where XRP sees gold lining. In February, Edoardo Farina at Alpha Lions Academy It was speculated That XRP can connect to Fort Knox’s US gold reserves. However, he admitted that his ideas remained purely theoretical.
Also earlier this year, several XRP community members suggested that XRP would be supported by a gold price of around $2,953 at the time. The idea gained traction across social media, but like everyone else before that, there was no technical support.
It’s owned by Matt Hamilton, former director of Ripple’s Developer Relations. Consistently He opposed these claims. He continued from 2023 to 2024 and 2025, and he firmly stated that he could not support XRP with money.