Ripple CTO emeritus David Schwartz dismissed claims that XRP could reach $10,000.
summation
- David Schwartz said the $10,000 XRP prediction is inconsistent with general market behavior.
- Schwartz said previous XRP comments were about liquidity needs and not future price commitments.
- He also rejected claims of hidden government XRP trading, dismissing them as conspiracy theories.
His comments came amid online discussions about existing XRP price discussions and market valuation models.
Schwarz said this idea is inconsistent with normal market behavior. He argued that if even the slightest chance of such a move existed, wealthy and rational investors would already be buying XRP in large quantities.
Previous XRP comments have come back into focus.
The controversy follows renewed interest in a 2017 post in which Schwartz discussed XRP liquidity. While some users viewed the previous comment as a price target, Schwartz said the post described a trading call, not a future price promise.
He said that XRP cannot be “very cheap” if it handles very large payment flows. Schwartz later clarified that it was about liquidity, market depth and settlement size.
Schwartz also rejected claims that XRP is part of a secret government or central bank scheme. He described such claims as ‘conspiracy theories’ and warned investors not to rely on hidden signals.
He said Ripple’s non-disclosure agreements are related to general business privacy. According to Schwartz, they do not prove any hidden government XRP transactions or secret payment schemes.
Ripple seeks clearer market discussions
Schwartz also addressed claims related to Ripple’s escrow holdings. He said the escrow system remains on-chain and can be tracked by anyone.
These comments come as Ripple’s native token remains a hot topic in the cryptocurrency market. According to crypto.news price data, XRP (XRP) has been trading around $1.37 and $1.38 and has a market capitalization of over $84 billion.