Ripple's Chief Technology Officer David Schwartz recently captured the attention of the XRP community with a controversial remark on a '10x times' concept. This came shortly after XRP experienced a 13% price surge over the weekend.
Ripple CTO's Comment
Schwartz posted an image of a bottle advertising '10x times the bubbles'. Rather than focusing solely on the claim of a 10x increase, he highlighted the grammatical redundancy of the phrase, prompting speculation among the XRP community about possible implications for the token's price.
Major XRP Transfers by Ripple
During the weekend, Whale Alert reported two significant XRP transfers made by Ripple, totaling 90 million tokens valued at approximately $200 million. The first transfer involved 50 million XRP, and the second 40 million XRP. The destination addresses of these transfers remain unidentified.
Key XRP Price Levels
Crypto analyst Ali Martinez identified $2.20 as a critical price level for XRP. He suggested that XRP might consolidate at this level before attempting a move toward the resistance at $2.70. However, if support at $2.20 fails, the price could drop to $1.96. At the time of writing, XRP is trading at $2.24.
Discussions about XRP’s potential continue, with Schwartz's tweet and Ripple's significant token transfers fueling speculation about a 10x growth. Whether XRP will achieve such growth remains uncertain, but the community is actively engaged in analyzing its performance.
