David Schwartz, former Ripple CTO and now CTO Emeritus, has expressed skepticism over claims that XRP could reach a price of $10,000. Schwartz argued that if wealthy investors truly believed in such a possibility, their buying pressure would have already driven XRP's price to at least $20. Currently, XRP trades at $1.37, significantly higher than the $0.25 level Schwartz once doubted it could reach. Schwartz's comments were in response to a discussion within the XRP community regarding a pricing formula used by some influencers to project XRP's future value. He suggested that rational investors would have already acted if they believed there was even a 1% chance of XRP hitting $10,000 within a decade. Schwartz also addressed crypto tribalism, advocating for an open industry that fosters innovation and competition, while criticizing extreme views within the community.
David Schwartz Questions $10,000 XRP Price Target Credibility
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