David Schwartz, Ripple's chief technology officer, recently addressed speculation surrounding the future price of XRP during a talk on the X platform.
Another platform user asked Schwartz when the true value of XRP might emerge , suggesting possible timeframes of next year, by 2027, or even as far out as 2030.
The user’s question came in light of the Securities and Exchange Commission’s (SEC) decision not to appeal the ruling that XRP is not considered a security.
XRP, the seventh largest cryptocurrency by market capitalization, has been a hot topic for price speculation, especially after Ripple’s partial legal victory against the SEC. This victory has raised hopes of a significant future price increase, backed by greater regulatory clarity.
In response, Schwartz gave a direct answer, “I don’t know of a method for predicting future cryptocurrency prices.”
Despite the SEC’s decision not to challenge XRP’s status as a non-valuable security, Schwartz’s comments indicate that it is still uncertain if and when XRP will experience the price spike many are hoping for.
His response highlights the inherent unpredictability of the cryptocurrency market. Even with favorable developments such as regulatory clarity, external factors such as market conditions and economic forces could significantly impact XRP’s future price trajectory.
The crypto market’s well-known skeptic, Il Capo of Crypto, has once again sounded the alarm—arguing that the worst may still be ahead, even as Bitcoin remains above the $100,000 mark.
Solana (SOL) has gone down by 6% in the past week and although the token has recovered in the past 24 hours, technical indicators favor a bearish outlook. Trading volumes have gone up by nearly 18% as bulls managed to reverse an early sell-off during the Asian session. However, meme coins, an important segment of […]
A growing number of publicly traded companies are turning to XRP as a potential reserve asset, signaling a shift in how institutions view the utility of digital assets in treasury management.
Coinbase has taken another step toward boosting cross-chain utility by introducing wrapped versions of XRP and Dogecoin on its Layer 2 network, Base.