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David Schwartz, Ripple’s Chief Technology Officer (CTO), has stirred enthusiastic response among XRP holders following his recent cryptic post on X.
In an X post yesterday, Schwartz posted a math equation and its answer, which ultimately equaled 5!. As expected, the cryptic tweet attracted the interest of XRP enthusiasts, who ended up with a different answer to the math problem.
230 – 220 × 0.5 = 5!
— David "JoelKatz" Schwartz (@JoelKatz) March 21, 2024
A Hint About XRP Future Price?
However, Schwartz maintained that the answer was 5!. Based on Schwartz’s stance, some users suggested that the Ripple CTO could be hinting that XRP might reach $5 in the future.
$5 confirmed 👍
— BlueOx (@xrpfortune) March 22, 2024
Another XRP enthusiast named Michael also noted that Schwartz’s answer is a confirmation that XRP price would rise to $5. Furthermore, a user who goes by the pseudonym “El Tsunami XRP” shared the same sentiment.
What is Actually 5!
In mathematics, 5! (5 factorial) is calculated as 5 x 4 x 3 x 2 x 1, which equals 120.
So, if we evaluate Schwartz’s equation (230 – 220 × 0.5 = 5!), it results in:
230 – 220 × 0.5 = 230 – 110 = 120. In mathematics, multiplications are always performed before subtractions, yielding the result of 120.
Therefore, 120 is equal to 5 x 4 x 3 x 2 x 1, or 5!
While the community often enjoys interpreting Ripple CTO’s cryptic tweets in relation to XRP’s price, this mathematical equation was simply a playful puzzle from Schwartz and holds no deeper meaning.
Can XRP Hit $5
XRP has already demonstrated its prowess of rallying significantly whenever the court rules in favor of Ripple over the SEC.
For instance, the price of XRP skyrocketed to around $0.93 when U.S. District Judge Analisa Torres declared the coin as non-security. She also found that most XRP-related transactions the SEC alleged to be securities were not.
According to several market analysts, XRP is expected to reach a new all-time high (ATH) of over $3.84, which it achieved in 2018.
Recall that XRP would have set a new all-time high record in the 2021 bull market. However, the SEC v. Ripple lawsuit wreaked havoc on the asset, leaving its price around $1.6. Now that XRP has legal clarity and the lawsuit is expected to be resolved this year, the coin’s price could skyrocket to its ATH of $3.84.
As far as achieving $5 is concerned, Dark Defender, a market analyst, believes XRP is poised for another explosive rally following a recent breakout, with a target price of $5.85 in the coming weeks. Jake Gagain, who has 244K followers on X, has also joined the growing list of market analysts who anticipate XRP to reach the $5 price point during the current bull run.
In the meantime, the SEC has submitted its remedies-related brief under seal, with a redacted version expected to be filed publicly on March 26. Ripple would also file its opposition brief by April 22, followed by the SEC’s reply by May 6. After the remedies briefs have been filed, the judge will issue the highly-anticipated final judgment, probably before the end of the year.