Ripple CTO David Schwartz Crushes $100 XRP Dreams As Price Plunges 12%

Ripple’s (CRYPTO: XRP) Chief Technology Officer David Schwartz has formed uncertainty connected XRP reaching $50 to $100, sparking backlash from holders arsenic the token plunged 12% this week to $1.75.

Schwartz responded to speculation astir XRP hitting $50-$100 per token successful the adjacent fewer years with skepticism connected X, saying helium doesn’t consciousness comfy making specified predictions contempt acknowledging his ain terms forecasts person been consistently wrong.

He recalled starting to merchantability XRP astatine $0.10 due to the fact that it seemed overvalued astatine the time, and remembered erstwhile Bitcoin hitting $100 appeared impossible.

“I didn’t deliberation it was apt that XRP would ever deed $0.25,” Schwartz wrote, illustrating however his expectations person repeatedly underestimated crypto terms movements.

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XRP holders responded angrily, saying Schwartz’s remarks weakened assurance and contradicted beliefs astir the token’s semipermanent potential.

One idiosyncratic questioned whether Ripple’s archetypal imaginativeness for XRP had changed, noting they thought the token was designed to scope $10,000.

Another holder with a important presumption said they would astir apt merchantability if XRP ever reaches $2 again, calling the comments demoralizing for those counting connected the concern for fiscal freedom.

However, immoderate defended Schwartz’s position.

Supporters argued helium cannot disclose forward-looking terms information, particularly arsenic planetary adoption accelerates and Ripple softly builds infrastructure crossed marketplace sectors.

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In a follow-up post, Schwartz argued existent prices already bespeak what investors genuinely judge astir XRP’s future.

His reasoning centers connected rational marketplace behavior: “If galore rational radical believed that determination was a 10% accidental that XRP deed $100 wrong a fewer years, they decidedly wouldn’t merchantability precise overmuch contiguous astatine overmuch little than $10.”

Investors with condemnation astir $100 XRP would aggressively bargain astatine existent levels, pushing prices higher immediately.

The information that XRP trades good beneath $10 proves precise fewer radical really judge successful triple-digit prices with capable assurance to backmost it with capital.

Schwartz added that crypto prices stay rational astir of the time, with large bull runs typically driven by unpredictable outer changes alternatively than cardinal expectations.