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Ripple CTO David Schwartz tried to convince his readers on social network X that in the long term, his company’s XRP cryptocurrency could have a chance to reach $50 and even $100.
The top manager of the XRP issuer responded in this way to his follower, who called on Schwartz to publicly state to coin holders that this altcoin will never be able to reach the extreme price range, and unrealistic expectations harm investors. However, a representative of Ripple management refused, citing his experience with cryptocurrencies.
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According to him, XRP reaching a price of $50–100 looks unrealistic, but in the crypto market “even the most unlikely can happen.” He I remembered a time when people did not believe that XRP would trade above $0.25 and Bitcoin would reach $100. However, XRP is now trading at $1.70, and Bitcoin at $82 000, despite a strong correction in the crypto market.
Schwartz made it clear that the low price of XRP is to blame for investors who are not thinking rationally enough and are not aggressively buying XRP at a price below $10. Most market participants are not confident enough in XRP to invest large amounts of capital in the coin. The price of any cryptocurrency depends on what risk investors are willing to take, the top manager admitted.
Earlier, the technical director assured users that the XRP Ledger blockchain is decentralized, and Ripple cannot solely control the network. Schwartz previously called tokenization an effective way to solve problems with ownership and transfer of assets.
