Ripple’s Chief Technology Officer, David Schwartz, has stirred excitement and speculation within the XRP community with a recent tweet which hinted at a “10x increase.” This coincided with a notable price rally for XRP, which surged nearly 13% over the weekend. The community quickly engaged in discussions, analyzing the potential implications of Schwartz’s statement on the cryptocurrency’s future.
On Saturday, Schwartz shared an image of a can labeled “Pre-Mix Bubble Solution,” proudly featuring “10x times the bubbles.” The humor in his tweet pointed out the redundancy in the phrase—either “10x” or “10 times” would suffice. While at first glance this seems trivial, it ignited a lively conversation among XRP enthusiasts, many of whom speculated that Schwartz’s message could hint at a possible jump in XRP’s price, potentially reaching $10 or more.
Adding to the excitement, Ripple transferred a staggering 90 million tokens over the weekend, valued at approximately $200 million. The blockchain tracker Whale Alert reported these major transactions, which included the movement of 50 million XRP worth about $111.7 million and 40 million XRP valued at $89.6 million—both sent to undisclosed wallets in just one minute. This activity has sparked curiosity among investors about Ripple’s strategic plans.
Analysts are particularly focused on the price levels critical for XRP. Crypto trader Ali Martinez identified $2.20 as a key threshold. He asserts that the currency must stabilize at this level to aim for a breakout toward $2.70. Should XRP struggle to maintain the $2.20 support, there may be a risk of dropping to $1.96, according to his analysis.
As of now, XRP trades at around $2.26, reflecting a time of fluctuating prices following a significant downturn last week when it fell 28%, dropping from $2.71 to $1.96 before rebounding recently. This backdrop, coupled with Schwartz’s cryptic message and Ripple’s massive XRP transfers, feeds speculation and conversation among XRP investors.
The cryptocurrency has also emerged as the most traded altcoin on Binance, boasting an impressive $116.6 million in trading volume recently, despite challenges faced by the broader market. Even when other cryptocurrencies experienced downturns, XRP held steady. Although it did dip to $2.13, down more than 4%, its previous highs demonstrate strong investor engagement. At one point, XRP even surpassed Bitcoin in trading volume on South Korean exchanges, highlighting its regional popularity.
But optimism doesn’t end there. JA Maartunn, the CryptoQuant analyst, is confident that XRP will recover “relatively quickly” from its current setbacks. The ongoing excitement around cryptocurrency ETFs in the U.S. might bolster institutional adoption and liquidity, promising potential opportunities for XRP in the near future.
In summary, David Schwartz’s “10x times” tweet has certainly left a mark, sparking discussions and enthusiastic speculation about XRP’s price and market movements. As the community watches closely, the future of XRP appears poised for potential ups and downs, keeping the conversations lively and the interest high in the cryptocurrency market.
