March 2, 2024

David Schwartz’s response to a question by prominent cryptocurrency trader Alex Cobb’s questions has sparked reactions among crypto enthusiasts. In an October 2 tweet, Cobb asked his X community about the lowest price they bought XRP for. 

While several XRP enthusiasts quoted different amounts, some $0.13 and others $0.11 and $0.17, Schwartz’s answer attracted the most attention. The Ripple CTO said his father bought over 1 million XRP at about half a penny ($0.005) per token in April 2014.

David Schwartz’s statement implied that his father spent about $5,000 to buy a million XRP tokens. This sparked a reaction among the XRP community, considering the enormous return on investment such investment would yield. According to historical TradingView data, XRP recorded $0.005 price levels in 2014.

This could be when Schwartz’s father bought the crypto asset as the coin’s value tanked significantly, even below the $0.005 price level. Considering the asset’s current market value at $0.51, his father will make up to 10,100% profit if he still has the coins.

Cobb’s tweet sent the X crypto community abuzz, with someone jokingly saying the influencer is impersonating an IRS agent. Further, Cobb shared his most legendary moment when he bought $1,000 worth of XRP at $0.12 per XRP.

What Could be XRP’s Market Value in the Future?

XRP gradually gained traction before the U.S. SEC’s lawsuit against Ripple Labs. The case has hugely impacted the token’s price, as it has been unable to record new all-time highs. It was so bad that XRP could not record new highs even when the biggest bull run occurred in 2021. 

This lawsuit lingered for several years, but it’s finally reaching its tipping point. In addition, the case has made several headlines in the crypto community as people anticipate its outcome. 

More so, Ripple became incredibly popular, evident in the buzz it created when Ripple had a partial victory in July 2023. And it’s no surprise that many analysts have been predicting its future price. Dark Defender, a pro-XRP entrepreneur and strategist, also expressed optimism about XRP’s growth via the X platform.

In his recent tweet, Dark Defender predicted that XRP’s breaking $0.55 will push it above the weekly Ichimoku Clouds, empowering it for highs. He noted that Ripple will retest the $0.66 resistance in the next few days.

According to the analyst, once Ripple breaches the $0.6 level, it will target $0.91 and, from there, proceed directly to $1.33. Also, he believes a new all-time high at $5.85 is possible for Ripple once it surpasses $1.8815. 

Meanwhile, XRP trades at $0.5093, representing a 2.7% decline in the last 24 hours. However, the asset still holds a 1.7% seven-day price increase and a nearly 1% 30-day price gain. 


TikTok Coin Hack: A Comprehensive Overview
Le changement de jeu ultime : Les pièces gratuites sur TikTok
Expert Recommendations: Coin Master Free Spin Hack
The Science of Avacoins Farming in Avakin Life
Free TikTok Coins: The Game Changer
Comprendre les générateurs de pièces TikTok : Mythes vs réalité
Mastering the Art of Earning Free Coins in LivU Video Chat
Earn Free Spins in Coin Master Like a Pro
Avakin Life Avacoins Farming Techniques: Unveiled
Free Credits in Bingo Blitz: The Ultimate Game Changer
Coin Master Spins Farming: Tips for Success
genshin impact codes for free primogems mora in january 2023
ZEPETO Zems Farming: What Every User Should Know
match masters free boosters match masters daily gifts
Free TikTok Coins: Your Path to Fame
Free Gems in Brawl Stars: The Future of Brawl Gaming
how to get free gems in dragon city 2023 dontruko
hack family island cheats gift codes resources speedup rubies
TikTok Coin Generators: Fact vs. Fiction
Desbloquea Monedas Gratis en TikTok: Tu Guía Definitiva
Maximize Your TikTok Earnings with Free Coins
TikTok Coin Hacks: The Complete Guide
Obtenez des pièces TikTok gratuitement en quelques étapes simples
Free TikTok Coins: The Game Changer
Free TikTok Coins: Insider Secrets
Guadagnare Monete Gratis su TikTok: Sfide e Ricompense
Maximize Your LivU Video Chat Experience with Free Coins
The Ultimate Game Changer: Free Spins in Coin Master
Free Avacoins in Avakin Life: The Key to Virtual Luxury
The Art of Earning Credits in Bingo Blitz

Leave a Reply

Your email address will not be published. Required fields are marked *