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Ripple CTO Stuns XRP Community With Mysterious Message: 'Lock In'

source-logo  u.today 09 December 2024 14:33, UTC
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Ripple chief technology officer (CTO) David Schwartz has published a post that triggered the $XRP’s community’s excited feedback in the comments.

"Lock in," Ripple CTO says

Schwartz responded to a series of reposts, which all state one short phrase: “Lock in.” He also tweeted this short message, sparking interest within the crypto community.

The $XRP army reacted with a wave of bullish posts, basically posting similar messages in response, taking the Ripple CTO’s encouragement to “lock in” $XRP to mean to “hodl” it for a long period without selling or securing more $XRP purchases.

Those comments were similar to this one published by the @XRPcryptowolf $XRP enthusiast: “David just confirmed to lock in and not sell any $XRP.”

Lock in https://t.co/Ysc9jpuTAd

— David "JoelKatz" Schwartz (@JoelKatz) December 9, 2024

On Sunday, Schwartz sent a message to the $XRP army regarding typical cryptocurrency scams in which scammers, frequently impersonating prominent cryptocurrency figures using AI or deepfakes, or not impersonating anyone, suggest to users that they send them a small amount of BTC, ETH, $XRP or other crypto in order to receive a double amount back afterward.

David Schwartz commented on that classic fraudulent scheme, saying: “If you send me just 10 $XRP, then I will ...... have 10 more $XRP.”

If you send me just 10 $XRP, then I will ...

... have 10 more $XRP.

— David "JoelKatz" Schwartz (@JoelKatz) December 8, 2024

Ripple CEO Brad Garlinghouse is often impersonated by scammers both on the X social media network on fake accounts and on YouTube using the deepfake technology. Those impersonators often offer users to send them a double amount of $XRP should they send to that fake Ripple boss any number of coins.

$XRP shows bullish outlook

According to a tweet published by cryptocurrency analyst and trader Ali Martinez, the fourth largest crypto, $XRP, has formed three consecutive bull pennant patterns on a chart. That is a pattern that signals a potential continuation of an upward trend for an asset.

Martinez believes that after testing $2.25, the $XRP price may continue to increase toward the $4.40 level. Currently, $XRP is changing hands at $2.39, according to the CoinMarketCap data.

u.today