Ripple's CTO David Schwartz clarified the true all-time high (ATH) of XRP, establishing it at $3.36, generating interest and discussion among traders and analysts.
Clarifying the Real ATH
In January 2024, David Schwartz, Ripple's CTO, addressed the information regarding XRP's ATH, which has often been perceived as $3.84. He pointed out that the actual ATH is $3.36 based on real trading volumes. Schwartz noted, "That is often reported as the all-time high, but you could not actually sell XRP at that price at any meaningful volume."
Market Reactions to the Clarification
The cryptocurrency market reacted with increased interest in XRP following Schwartz's statement. This highlights the potential of the asset, while also reminding traders to consider actual market conditions for meaningful investment decisions.
Broader Market Implications
Ethereum also showed growth, surpassing the $3,000 mark, indicating broader altcoin trends. Schwartz emphasized that real value arises from utility and adoption rather than speculative price spikes.
David Schwartz's clarification about the true ATH of XRP underscores the importance of long-term utility over short-term price fluctuations, which may help stabilize the market.
