The XRP community is once again on alert after financial strategist and Black Swan Capitalist founder Versan Aljarrah issued a stern caution to investors. According to him, the time for relying on third-party custody solutions has passed, emphasizing that self-custody is now essential for survival in the volatile crypto landscape.
Aljarrah explained that users who depend on custodial wallets place their future in the hands of others, as such services control the private keys to the funds. He encouraged investors to shift to self-custody wallets, where holders have complete authority over their digital assets.
He added that he personally uses eight cold wallets secured across multiple layers to ensure maximum safety.
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Crypto markets have faced heightened instability, following a record sell-off earlier in October that saw more than $19 million erased in liquidations. The strategist’s remarks come at a time when investor confidence remains fragile, particularly as digital asset values continue to swing sharply.
Cold wallets, which keep private keys offline, have become the preferred choice for many long-term investors. These wallets, including hardware and paper options, offer protection against online threats that have recently become more sophisticated.
Aljarrah’s advice reflects growing concerns over centralized exchanges, which have previously suffered from breaches and insolvencies.
Data from on-chain analytics firm Santiment suggests a possible recovery for XRP. The firm reported that XRP’s MVRV ratio, a key indicator of trader profitability, has fallen to -15.3 percent. Historically, such negative values often precede rebounds, as they indicate traders are holding assets at a loss, signaling potential buying opportunities.
Significantly, the number of wallets holding at least 10,000 XRP has reached an all-time high of more than 317,500. This growing participation among mid and large holders indicates sustained interest and confidence in XRP’s long-term prospects despite short-term market turbulence.
Aljarrah’s call reinforces a broader sentiment within the cryptocurrency community that security and control are paramount. As digital assets become increasingly integrated into global finance, investors are reminded that safeguarding access to their holdings is crucial.
Managing one’s own private keys, according to experts, remains the foundation of true financial independence in the crypto space.
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The post XRP Holders Urged to Secure Assets as Analyst Issues Critical Warning appeared first on 36Crypto.


Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
