Ripple CTO Explains Company’s Stance On Debunking Outrageous XRP Price Predictions
September 19 2023 - 4:30AM
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Over the last few months, there have been a number of XRP price
predictions that have taken the crypto market by surprise. While
some of these have looked to be attainable, others have carried
price ranges that seem impossible for the current vantage point. A
s a result of community members questioning what Ripple can do
about these predictions, Ripple CTO David Schwartz has come forward
to explain why the company is not debunking the predictions. Ripple
CTO Says It’s Hard An X (formerly Twitter) user drew the attention
of the Ripple CTO toward the numerous XRP price predictions that
have been making the rounds on social media. The X user who goes by
Darkhorse called out Ripple and its founders for not debunking
these outrageous price predictions that have gone as high as
$50,000, saying that “Ripple have let people suffer, while Ripple
founders hit the rich list & post $2m porches.” Related
Reading: Incoming Milestone Could Be Very Bullish For XRP Price,
Here’s Why To round off the post, Darkhorse explained that they
could’ve easily debunked these XRP price predictions to prevent
this. “Would of taken 1 post to correct the BS just 1,” the user
said. Schwartz who was mentioned in the tweet responded to
Darkhorse’s complaints to explain why the crypto firm has not
necessarily come forward to debunk the XRP price predictions. He
starts out by saying that while he understands how the user felt,
“it’s a lot harder than you think.” The Ripple CTO explains that
debunking everything could open up a chance that the company ends
up debunking something that actually turns out to be true. He
further added; “If we call out everything we know is false, we’ll
be seen to be enforcing things we don’t know aren’t fake because we
won’t can them out.” Lastly, the CTO points to the possibility of
legal risks arising from trying to debunk all of the price
predictions. I completely understand why you feel this way, I do
sometimes too. But it’s a lot harder than you think. We don’t know
everything, and even a small chance we “debunk” something true is
worrisome. If we call out everything we know is false, we’ll be
seen to be enforcing things we… — David “JoelKatz” Schwartz
(@JoelKatz) September 17, 2023 XRP Price Predictions Are Still
Rampant The XRP price predictions are still coming in hot over the
last few weeks. Some of the most notable ones include the $10,000
forecast put forward by an analyst who goes by Lord XRP on X
(formerly Twitter). The prediction follows one from a Wells Fargo
Manager placing the XRP price at $500. Related Reading: Coinbase’s
BASE Shows Teeth As TVL Nears Solana Both of these price
predictions actually follow the expectation that Ripple will begin
to capture a larger share of the payments market. When this
happens, the analysts expect the XRP price to rise exponentially as
a result of the share of the market cap commanded by Ripple.
Smaller price predictions have also included a predicted run to
$130 by pseudonymous crypto analyst XRP Captain. However, the
appearance of a death cross in the price trend over the last few
days suggests none of these predictions would be happening anytime
soon. Token price holding $0.5 support | Source: XRPUSD on
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