Ripple’s Chief Technology Officer (CTO), David Schwartz, recently ignited a lively discussion among XRP enthusiasts with a tweet referencing the phrase “10x times.” This came shortly after XRP, the fourth-largest cryptocurrency by market capitalization, saw a significant 13% price surge over the weekend.
Ripple CTO Comments on “10x Times” Phrase
Schwartz posted an image of a plastic can labeled “Pre-Mix Bubble Solution,” which advertised “10x times the bubbles.” Rather than focusing solely on the claim of a 10x increase, Schwartz highlighted the grammatical redundancy of the phrase. His tweet drew attention from the XRP community , prompting speculation about whether it was a subtle hint toward XRP’s price trajectory.
In response, community members debated the implications of a potential 10x increase in XRP’s price. Some interpreted the tweet as a possible reference to XRP reaching $10, while others engaged in broader discussions about the token’s future performance.
Ripple Moves 90 Million XRP in Major Transfers
Over the weekend, the blockchain tracking platform Whale Alert reported two large XRP transfers conducted by Ripple. The transactions, totaling 90 million XRP, were valued at approximately $200 million.
The first transfer involved 50 million XRP worth $111.7 million, while the second moved 40 million XRP valued at $89.7 million. Both transactions were executed within one minute, and the destination wallets for these transfers remain unidentified.
In addition, Whale Alert documented other significant XRP transactions totaling 182 million XRP with an aggregate fiat value of $411 million.
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Analyst Highlights Key Levels for XRP Price Movement
Crypto market analyst Ali Martinez recently identified $2.20 as a critical price level for XRP. Posting on his X account, Martinez suggested that XRP could consolidate at this level before attempting a move toward the next resistance at $2.70.
However, the analyst also warned that a failure to maintain support at $2.20 could result in a decline to $1.96. At the time of writing, XRP is trading at $2.24, showing minimal price movement after its recent rally.
XRP’s Recent Price Fluctuations
Last week, XRP experienced a sharp decline, losing over 20% of its value. The token fell from $2.71 to $1.96 before recovering over the weekend to its current price of $2.26. This volatility has kept traders and analysts closely watching the market for further developments.
As discussions about XRP’s potential continue to unfold, Schwartz’s tweet and Ripple’s significant token transfers have added fuel to the speculation surrounding the cryptocurrency’s trajectory. Whether XRP can achieve the speculated 10x growth remains uncertain, but the community remains actively engaged in analyzing the token’s performance.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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