- Schwartz challenges unrealistic $100 XRP predictions, urging caution for investors.
- Former Ripple CTO dismisses inflated XRP price targets, citing market behavior.
- Smart money would have already bought XRP if $100 was likely.
David Schwartz, former Ripple CTO and one of the original architects of the XRP Ledger, has come forward to challenge the widely held view that XRP will reach $100. In a recent post on X, Schwartz addressed the growing belief among some XRP holders that the cryptocurrency could soar to triple digits in the near future. According to Schwartz, such predictions are unrealistic and don’t align with the market’s current sentiment.
Smart Money Would Have Already Acted if $100 XRP Were Likely
Schwartz explained that if the “smart money” truly believed there was a high likelihood that XRP would hit $100 in the next few years, they would have already taken action. “Those who believe in such a possibility would be rushing to buy up the asset now,” he wrote.
According to his reasoning, high-conviction investors would have already bought up the available supply, pushing the price of XRP higher before it reached $10. However, the fact that XRP is still priced below $10 shows that few investors are confident in such a dramatic price increase.
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The Gap Between Inflated Predictions and Market Reality
The former Ripple executive also criticized the unrealistic price targets that have circulated within the XRP community for years. Speculative figures like $589 or even $1,000 have often been touted by social media influencers. Schwartz pointed out that these projections are not grounded in the actions of real investors.
He emphasized that if a substantial number of people truly believed that XRP had even a 10% chance of reaching $100, the market price would already be much higher.
Schwartz’s post serves as a reality check for those who have clung to the hope of an explosive XRP rally. The current price, sitting at $1.76, reflects a lack of confidence from the broader market in these outlandish predictions. The gap between the inflated price targets and the actual market behavior suggests that the dream of a $100 XRP is unlikely to materialize anytime soon.
Schwartz Reflects on His Own Price Prediction Missteps
Despite his cautious stance, Schwartz acknowledged that the cryptocurrency market is unpredictable, and he admitted to making his own mistakes in price predictions. Reflecting on the early days of XRP, he recalled selling his holdings when the price was as low as $0.10, which in hindsight was a poor decision given the asset’s eventual rise.
Schwartz’s comments serve as a sobering reminder that while the XRP community may be eager for massive returns, the reality is that such drastic price jumps are not supported by current market conditions. Investors would do well to temper their expectations and avoid getting swept up in speculative price targets.
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