Jake Claver once again lays out the conditions he believes must be met for XRP to reach triple digits, viewing the bet not as a chart call but as a sequencing issue tied to institutional tokenization, on-chain liquidity, and regulated market plumbing. In a February 16 “Memes and Markets” interview with Ben Leavitt and Keith D, Claver defended his so-called “Domino Theory.”
Claver told the hosts that he only got into crypto in 2020, first building a broader portfolio and then consolidating into XRP after the 2022 pullback because he saw it as “the only sure thing.” The presenters pushed back on his habit of speaking in absolutes, with Leavitt describing it as “the scariest thing” given the widespread circulation of his clips. Claver did not withdraw from the position.
“I will do my utmost and make statements,” he said, adding that his lawyers have advised him not to do so in the future. “I’m not going to give in. I believe in this very strongly. And I’ve gotten enough confirmation from the right people that have led me to believe that this is the outcome that will happen.”
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From there, the conversation turned to what Claver sees as the social basis of XRP trading. He argued that XRP attracts a “consistent type of person,” describing holders as disproportionately “faith-based,” generally older, and focused on family wealth and philanthropy rather than maximalist anti-banking narratives.
Why XRP could reach $100
According to him, this demographic preference is inextricably linked to the positioning of the asset. “They don’t think the banks will disappear. They won’t be disintermediated,” Claver said. “They don’t think this is going to be a free, free-for-all DeFi ecosystem where people can participate without compliance and oversight. And so XRP is the banker’s coin, right? Like that’s attractive to them.”
Claver’s core mechanism is less about a single catalyst and more about boundary conditions. He pointed to timelines he said have been broadcast by major financial institutions around tokenizing asset classes “in the next two years, by the end of 2028,” arguing that tokenization doesn’t matter without the ability to transact at scale.
“It doesn’t really provide additional value today because there isn’t enough liquidity in those ecosystems for people to transact like they do in the stock market or other markets,” he said. In his model, custody, identity and liquidity are important factors; Once in place, stablecoins can be issued on
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He also offered a cultural feedback loop: a long-standing belief in “very high price” outcomes encourages holders to sit tight, reducing tradable float. According to Claver, that scarcity dynamic (100 billion token supply) could increase price pressure as demand arrives along institutional lines. “The more that is taken from the market, the scarcer the supply that is openly traded and the higher the price will be pushed,” he said, arguing that many will not sell “until they see the significantly higher prices that many people are hoping for.”
The interview could not avoid the backlash from Claver’s missed New Year’s call. He said his conviction was partly related to non-disclosure agreements and partly to a public bet whose purpose, he claimed, was to ensure that private participants were not permanently stripped of XRP in side bets. “Some people like to grind hard for the amount of XRP they have,” he said. “And the fact that they would just lose that to someone else through a bet on Twitter, I didn’t have a good feeling about that. So all those people got their XRP back.”
Claver highlighted the risk of followers making “very bad financial decisions” around his timeline, drawing on disclaimers and a wealth management argument: big profits can be destabilizing without tax planning, capital structure and stewardship. He noted that his consultancy firm’s regulated advisers would “tell me that I am reckless and irresponsible in the way I have made my allocation”, positioning his own attitude as a personal choice rather than a template.
At the time of writing, XRP was trading at $1.47.
Featured image created with DALL.E, chart from TradingView.com