Ripple CTO Reveals What's Next for XRP Price: Details

Ripple CTO David Schwartz recently hinted at his intentions for $XRP, wanting the $XRP price go up.

In response to a user who alleged that the $XRP price is being suppressed, Schwartz replied confirming his holdings in $XRP, "I hold $XRP. If there was some way I could get the price of $XRP to go up, I assure you that I would do it."

In another X reply, Schwartz indicated that lower prices for $XRP could make payments more expensive. The Ripple CTO explained what he meant by saying that it was impractical to use $BTC to buy a house when $BTC was $100, but now it is practical in the same scenario since $BTC is much higher, adding that "lower prices for $XRP make $XRP payments more expensive."

Schwartz stated in the context of payments that needing to pay someone one $XRP might not be a realistic payment use case because only very rarely does anyone need to do that. A realistic use case is having $50 and needing to send it to someone in Mexico, highlighting $XRP's use case in cross-border payments.

Still dirt cheap?

Ripple CTO David Schwartz has always been inclined to a higher valuation for $XRP. The recent X discussion, which made Schwartz openly admit that if there was something he could do to get the $XRP price to skyrocket, he would do it, stemmed from one of his tweets, posted on Nov. 21, 2017.

The tweet read: "It can't be dirt cheap. That doesn't make any sense. If $XRP costs $1, they'd need a million $XRP which would cost $1 million. If $XRP cost a million dollars, they'd need one $XRP which would, again, cost $1 million."

An X user commented on this post saying, "Yet 7 years on it’s still dirt cheap," to which Schwartz responded: "Last I checked, $1 million worth of $XRP still costs $1 million so making a $1 million payment with $XRP will cost at least $1 million."

At the time of writing, $XRP was up 0.82% in the last 24 hours to $0.588 and up 4.16% weekly.

$XRP reached a significant milestone this month when the Grayscale $XRP Trust opened to eligible accredited investors seeking exposure to $XRP, which powers $XRP Ledger, a distributed network used for cross-border payments.