Ripple’s (CRYPTO: XRP) Chief Technology Officer David Schwartz has cast doubt on XRP reaching $50 to $100, sparking backlash from holders as the token plunged 12% this week to $1.75.
Schwartz Plays Down $100 Target
Schwartz responded to speculation about XRP hitting $50-$100 per token in the next few years with skepticism on X, saying he doesn’t feel comfortable making such predictions despite acknowledging his own price forecasts have been consistently wrong.
He recalled starting to sell XRP at $0.10 because it seemed overvalued at the time, and remembered when Bitcoin hitting $100 appeared impossible.
“I didn’t think it was likely that XRP would ever hit $0.25,” Schwartz wrote, illustrating how his expectations have repeatedly underestimated crypto price movements.
Traders Push Back Hard
XRP holders responded angrily, saying Schwartz’s remarks weakened confidence and contradicted beliefs about the token’s long-term potential.
One user questioned whether Ripple’s original vision for XRP had changed, noting they thought the token was designed to reach …Full story available on Benzinga.com
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