Ripple ex-CTO Confirms XRP Price Is Not Going to $10,000
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Ripple ex-CTO David Schwartz says the $10,000 XRP theory is unrealistic and would already be priced in by markets; there is no hidden “magic switch” to suddenly boost XRP. XRP is trading around $1.37 with a market cap near $85 billion; Schwartz argues true investor belief would have pushed price well above current levels, challenging extreme valuation models tied to crypto fundamentals and token supply.
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- Ripple’s CTO emeritus says a $10K XRP is unrealistic, as markets would already price that expectation in.
- He argues real investor belief would have pushed XRP far above $1.37 by now.
- Ripple has no “magic switch” or hidden plan to suddenly boost XRP’s value.
Ripple’s CTO emeritus, David Schwartz, has poured cold water on the popular prediction that XRP could one day reach a $10,000 price.
With XRP currently trading around $1.37 and holding a market cap near $85 billion, Schwartz’s comments highlight a gap between community expectations and market reality.
The $10,000 XRP Theory
Notably, the discussion started when an X (formerly Twitter) user asked Schwartz to respond to popular theories suggesting XRP could reach $10,000.
The user referenced a valuation model popularized by Chris Burniske, which uses the formula: Price = PQ / (V × S). This mod…
Read The Full Article Ripple ex-CTO Confirms XRP Price Is Not Going to $10,000 On Coin Edition.
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