Ripple (XRP) Community Buzzes with Speculation After CTO David Schwartz Tweets “10x Times” Phrase

Ripple's Chief Technology Officer (CTO), David Schwartz, recently ignited a lively discussion among XRP enthusiasts with a tweet referencing the phrase “10x times.”

Ripple’s Chief Technology Officer (CTO), David Schwartz, recently sparked a heated discussion among XRP enthusiasts with a tweet referencing the phrase “10x times.” This came shortly after XRP, the fourth-largest cryptocurrency by market capitalization, experienced a significant 13% price surge over the weekend.

Schwartz posted an image of a plastic can labeled “Pre-Mix Bubble Solution,” which advertised “10x times the bubbles.” Rather than focusing solely on the claim of a 10x increase, Schwartz drew attention to the grammatical redundancy of the phrase. His tweet quickly caught the attention of the XRP community, leading to widespread speculation about whether it was a subtle hint toward XRP’s price trajectory.

In response, community members engaged in enthusiastic discussions about the implications of a potential 10x increase in XRP’s price. Some interpreted the tweet as a possible reference to XRP reaching $10, while others participated in broader conversations about the token’s future performance.

Meanwhile, blockchain tracking platform Whale Alert reported two large XRP transfers conducted by Ripple over the weekend. The transactions, valued at approximately $200 million, involved the movement of 90 million XRP tokens.

The first transfer included 50 million XRP, valued at $111.7 million at the time of the transaction, while the second moved 40 million XRP, valued at $89.7 million. Both transactions were executed within one minute, and the destination wallets for these transfers have not yet been identified.

Additionally, Whale Alert documented other significant XRP transactions totaling 182 million XRP, with an aggregate fiat value of $411 million.

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Moreover, crypto market analyst Ali Martinez highlighted key levels for XRP’s price movement. Posting on his X account, Martinez suggested that XRP could consolidate at the $2.20 level before attempting a move toward the next resistance at $2.70.

However, the analyst also warned that a failure to maintain support at $2.20 could result in a decline to $1.96. At the time of writing, XRP is trading at $2.24, showing minimal price movement after its recent rally.

To the surprise of many, XRP experienced a sharp decline last week, losing over 20% of its value. The token fell from $2.71 to $1.96 before recovering over the weekend to reach its current price of $2.26. This volatility has kept traders and analysts alike on the edge of their seats, eagerly watching the market for further developments.

As discussions about XRP’s potential continue to evolve, Schwartz’s tweet and Ripple’s substantial token transfers have added fuel to the speculation surrounding the cryptocurrency’s trajectory. Whether XRP can achieve the speculated 10x growth remains a topic of uncertainty, but the community remains actively engaged in analyzing the token’s performance.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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