In a display of patrician restraint, a grandee of the Ripple empire, one David Schwartz, has deigned to address the plebeian fantasies of XRP reaching the giddy heights of $100. With a wave of his impeccably manicured hand, he dismisses such notions as the stuff of nursery tales, fit only for the credulous and the financially illiterate.
Responding to the jejune inquiries of XRP holders-who, one suspects, have been rather too long in the sun-Schwartz observed that the notion of XRP’s price soaring like a phoenix from the ashes is about as likely as a camel passing through the eye of a needle. Or, to put it in terms even the most thick-witted investor might grasp, as probable as a 10-fold increase in Bitcoin or Ethereum at their current, bloated sizes.
Multiples, Darling, Not Price Targets
Schwartz, with the air of a man explaining the obvious to a particularly dim child, noted that the likelihood of XRP reaching $100 hinges not on the number itself but on the sheer audacity of the price increase required. “A 10-times move,” he intoned, “is as rare as a honest man in politics.”
As crypto assets mature-a process one imagines Schwartz views with the same fondness as a dowager watching her debutante daughter navigate her first season-such leaps become as quaint as a rotary telephone. The days of wild, unbridled growth, it seems, are as passé as last season’s fashions.
Markets, Dear Boy, Are Rational-Eventually
With a sigh that suggested he was addressing a particularly slow pupil, Schwartz assured his audience that crypto markets, like a well-bred lady, are rational in the long term. Even if individual traders behave with all the coherence of a drunken uncle at a wedding, there are enough sober, well-heeled participants to keep prices in check. “Ceilings and floors,” he remarked, “are not merely architectural features but market realities.”
The current prices of major cryptocurrencies, he added, already reflect a collective wisdom-or at least a collective guess-about their future value. Adjusted, of course, for the whims of fate and the occasional bout of market hysteria.
Whales? Mere Minnows in the Long Run
Turning to the specter of market manipulation-a topic as tiresome as a dinner party monologue about one’s golf handicap-Schwartz conceded that short-term prices can be nudged by the odd whale. Particularly, he noted with a hint of disdain, in the shallower ponds of smaller markets. But the idea that such antics could dictate the long-term fate of a behemoth like XRP? “Preposterous,” he declared, with the finality of a judge handing down a sentence.
He admitted, with a touch of noblesse oblige, that his view is not universally shared. “Many believe manipulation is the invisible hand guiding the market,” he said, his tone suggesting he found this belief as credible as the existence of the Loch Ness Monster. “I, however, remain unconvinced. Though I must confess, my evidence is as flimsy as a socialite’s alibi.”
“While I do think some crypto markets are occasionally manipulated,” he concluded, with a shrug that spoke volumes, “I cannot bring myself to believe it could sway the long-term tides. But then, I’ve never claimed to be infallible-unlike some of my more vocal detractors.”
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2026-01-30 19:32