The conversation about the chances of XRP price hitting a new high took a new twist as Ripple CTO gave insights into the conversation
The XRP ecosystem is bubbling with excitement as Ripple’s Chief Technology Officer (CTO), David Schwartz, recently ignited a discussion about the token registering up to a 10x increase.
The executive shared a picture of a plastic can labeled “Pre-Mix Bubble Solution.” Notably, the image advertised “10x times the bubbles,” a statement that shows grammatical redundancy.
XRP To Make History
Unfortunately, Schwartz focused on the error in the phrase instead of claiming a 10x increase. His post ended up catching the attention of members of the XRP community.
Speculations rose about whether it was a subtle hint toward XRP’s price trajectory. To some community members, Schwartz’s post on X implies that the token will hit $10.
“10X times” pic.twitter.com/htbae5ZGCw
— David “JoelKatz” Schwartz (@JoelKatz) December 23, 2024
The XRP community is now discussing what a 10x increase in XRP price would mean.
Some experts already feel like the coin is repeating its trend in 2021, which preceded a bullish momentum. They identified a striking parallel between the current XRP’s price actions and its historical rally in 2017.
The coin is trading at $2.17, corresponding with a 5.55% dip in 24 hours.
Even Bitstamp is betting on XRP to make history in 2025. The cryptocurrency exchange was not specific about how far the coin price may go, but many of these predictions depend on the approval of XRP ETFs.
This product could drive institutional investors’ adoption of the coin. Also, Donald Trump’s resumption in office is another catalyst that the crypto industry is looking forward to.
Ben Armstrong, a renowned market commentator popularly known as BitBoy on YouTube, also made an XRP prediction. He thinks XRP might surpass Bitcoin (BTC) in dominance, although this has nothing to do with XRP flipping Bitcoin in market capitalization.
Whale Alert Spit Huge XRP Transfers to Unknown Wallets
Meanwhile, blockchain security platform Whale Alert reported two large XRP transfers over the weekend.
Ripple conducted both transactions, totaling 90 million XRP, valued at approximately $200 million. The first transfer involved 50 million XRP worth $111.7 million. The second involved the transfer of 40 million XRP valued at $89.7 million.
It is worth noting that these transactions were executed within one minute, but the receiving wallets for these transfers are yet to be unidentified.
In addition to these transactions, Whale Alert also documented other significant XRP transactions totaling 182 million XRP with an aggregate fiat value of $411 million.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.
