- CTO of Ripple implies that digital assets can replace the USD to become world reserve currencies.
- A member of the XRP community seems to believe that XRP could reach such heights, while its price surges to new levels.
A market pundit seems to believe that Ripple (XRP) has the capacity to surge to $50, and possibly surpass that price level, going up to as high as $100. The sentiments tie back to comments recently made by David Schwartz, the Chief Technology Officer at Ripple.
Very recently, Schwartz spoke about the XRP token on a live space on X, formerly known as twitter. According to the Ripple CTO, digital currencies have the capacity to upstage leading fiat currencies. More particularly, Schwartz implied that digital currencies could compete with the USD at a global scale.
Having functioned as the most dominant currency in the world for a long time, the emergence of digital currencies are forcing market players to consider the possibility of digital currencies claiming the USD’s position as the world’s reserve currency.
In response to Schwartz’s comments, an X user, with the name “burningstar”, made a bold prediction for the XRP token.
Burningstar, who happens to be an active XRP community member, interpreted Schwartz’s comments as confirmation that XRP is poised to surge. In addition, he explains that XRP holders could be well on their way to becoming millionaires, should XRP become a reserve currency.
“I’m not sure most people realize the importance of this video and how it’s a confirmation that XRP will eventually appreciate in price. Not only did David Schwartz suggest it’s a very possible scenario for XRP to become a world reserve currency. But he clearly said that if it happens it would make some people millionaires.” He wrote in a recent post.
XRP continues to maintain stability as bulls reclaim power
The market pundit went on to expand on Schwartz’s comments, interpreting them as a hint of want to come. Per his logic, XRP holders can only reach millionaire status if XRP is significantly higher than its current price. It is worth noting that XRP is trading significantly below the $1 price mark.
The market pundit recognizes that in order for XRP holders to see their funds hit a seven figure mark, XRP must trade at least above $10. However, his confidence is nowhere near shaken.
As he further explains;
“Many won’t even see their first millions before $50 or $100. Now, you can argue about how realistic this scenario is. Fair enough. But we know there is much more behind the scene than just this scenario. Making the future price of XRP almost guaranteed to increase to some interesting ATH.”
The twitter user and XRP supporter seems to believe that himself and a handful of XRP holders are unboutful about XRP’s potential, and its ability to reach the predicted levels.
Meanwhile, at report time, XRP is trading at a price of $0.50. As the crypto market clears losses, XRP follows suit and maintains its position in the green zone. The asset has secured mild gains over the last 24 hours, despite a decline in its trading volume.
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