David Schwartz, one of Ripple’s current technical leaders, publicly disputed claims that the XRP price could reach $10,000. This high target, popularized in the cryptocurrency community, was brought up during discussions on the X platform. Schwartz pointed out that XRP has recently been traded at $ 1.37, and stated that such a large increase does not coincide with the current market conditions.
Ten thousand dollar claims for XRP
What started the discussion was a model regarding the $10,000 price prediction for XRP and the discussions based on this model. Referring to the valuation formula put forward by Chris Burniske, users argue that this mathematical approach shows that XRP can reach extremely high levels in the future. But Schwartz said it’s not possible to achieve such an extreme goal based on the formula alone.
Schwartz pointed out that rational investors in markets generally price future expectations today. He stated that if XRP really had a chance to go to $ 10,000, current prices would be much higher than today, and serious investor interest would definitely be reflected in the price.
Schwartz emphasized the impact of expectations on market prices, saying, “If XRP were to rise to $10,000, today’s price would be much higher in an environment where investors took it seriously. Maybe we would be talking about $20 levels, but the market does not believe it.”
Ripple is a company that offers blockchain-based payment infrastructure and stands out with its own cryptocurrency, XRP. The total market value of XRP hovers around $85 billion. It is stated that for a price target of $ 10,000, today’s number of users and demand must be multiplied many times.
Ripple’s impact on XRP price was discussed
Later in the discussion, another user asked why Ripple wasn’t using its reserves, payment infrastructure, or in-house systems to push the price of XRP up. Schwartz stated that he did not find such scenarios realistic and that the company had clearly stated its strategy to date.
The claim that Ripple has a “magic button” and thus the value of XRP can suddenly rise has been frequently discussed in the past. Schwartz argued that this approach did not match the company’s official statements.
David Schwartz said that Ripple only shares its basic business goals and strategy with the public, and that it does not carry out a secret plan to manipulate the market internally.
It was noted that Ripple management continues to act transparently and in accordance with market rules. It is thought that price movements in XRP develop mainly in connection with investor perception in the market and the general cryptocurrency environment.
Current market data and community approaches
XRP is currently trading at $1.37. The market value of crypto money is at 84.76 billion dollars. It is seen that the 24-hour transaction volume decreased to 1.62 billion dollars. CryptoAppsy According to data, the XRP price recorded a limited increase in the last 24 hours while the discussions in question were taking place.
Although it is observed that there are those who take this model and price targets seriously in the cryptocurrency community, the evaluation of Schwartz, one of Ripple’s most well-known names, clarified the distinction between realistic expectations and speculative thinking in the market.
