A Ripple executive cautions against expecting XRP to hit $100, arguing that large price jumps become less likely as crypto assets mature. David Schwartz responds to questions from XRP holders about XRP’s potential versus Bitcoin’s early ascent, noting that the likelihood of reaching $100 depends more on the magnitude of the required move than the target itself. As assets grow larger, achieving multi-fold gains becomes increasingly difficult. Schwartz says markets are generally rational over the long term, with enough well-funded participants shaping price ceilings and floors that reflect future value estimates.
On manipulation, he acknowledges that short-term moves can be influenced in smaller markets, but he does not believe manipulation can sustainably shape long-term trends in major cryptocurrencies like XRP, noting that many investors believe manipulation plays a larger role. While he concedes this view is not universally accepted and admits he lacks definitive evidence to settle the debate, he emphasizes that his perspective is grounded in observed market dynamics rather than isolated events.
Leave a Reply