Ripple CTO: I Expect XRP to Reach $1 by Christmas
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Answer Ripple CTO: I Expect XRP to Reach $1 by Christmas
Several negative reports appeared recently about the “XRP” currency, and how its performance in the year 2019 is very bad, with the emergence of millions of sales of the “XRP” coins owned by Ripple.
Despite all of the above, it seems that the head of the technical office of Ripple is optimistic and wants and expects the price of the “XRP” unit to reach one dollar by the New Year.
A well-known member of the XRP community, HODL, tweeted and spoke live by recording the conversation with David Schwartz, head of Ripple’s technical office.
During the conversation, David was asked what he wanted for Christmas, and David replied:
He expects XRP at $1
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he added:
Nobody builds something, by tearing something down…
Given the XRP trading sentiment over the past two months, and whether or not XRP will hit $1 by next month, the prediction remains a bit tricky.
There is no doubt that the Ripple currency is one of the largest cryptocurrencies, both in terms of market capitalization and through the extensive media presence on social media.
The Ripple currency had previously reached a peak, which exceeded $3.60 in early 2018, after which it lost 90% of its value in 2019.
There is talk about it being one of the worst-performing cryptocurrencies in 2019.
According to the data provided by the site Queen Market Cap The price of the “XRP” currency is currently $0.27, recording a negative indicator of 2.69% during the past 24 hours.
It is worth noting that despite various new announcements of various partnerships by parent company Ripple during the “Swell 2019” event, the price of XRP rarely moves in an upwards chart.
Taking all these factors into consideration, will the price of XRP really be able to reach the $1 target by Christmas by the end of this year?
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In addition, David’s statement should not be considered a goal in itself, so it is better to address this news objectively and project it onto reality and the currency chart.
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