XRP Community: Ripple CTO's Discreet Message Sparks Speculation Among XRP Community

Ripple CTO’s Discreet Message Ignites Speculation In XRP Community

December 9, 2023 Updated December 11, 2023

By Coingapestaff

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Ripple CTO Predicts Win For Celsius In Customer Withdrawal Clawback Case

In a recent X post, Ripple CTO David Schwartz shared a warning about his encounter selling Ethereum. In a recent post on X, Schwartz shared an incident where he decided to sell his 40,000 ETH at $1, to install solar panels on a house that, ironically, he no longer owns.

Expressing regret over the Ethereum sale, Schwartz lamented that the current value of the tokens he had previously sold would now amount to a staggering $100 million. The story ignited a theme of speculation among cryptocurrency investors especially the XRP community what they believe now to hold XRP.

XRP Community Bullish On Schwartz’s Statement

XRP community members noticed a subtle yet significant message in the tale shared by Schwartz. They interpret it as an encouragement to steadfastly hold onto their XRP, regardless of its price falling below $1.

In response, a pro-XRP user on X asserted that David Schwartz is conveying a message about the rewarding outcome of patience, foreseeing an anticipated surge in the value of XRP shortly.

In addition, Schwartz also shared a similar instance of his father pouring a lot of money into house renovation by selling apple stocks which went 5x afterward.

The story came amid the XRP price consolidation which left community members frustrated. Over a couple of weeks, when the crypto space was seeing a significant bull market, XRP didn’t move much which made investors go crazy.

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Uphold’s Vault To Support XRP

With recent developments, Uphold announced the launch of its self-custody wallet Vault. Uphold reflects its strategic approach to serving the vast XRP user base through the initial launch of Vault. Vault is a platform supporting Ripple’s XRP token.

Uphold’s CEO, Simon McLoughlin, highlighted the wallet’s simplicity and user-friendliness, asserting that Vault eliminates the challenges commonly associated with self-custody.

Meanwhile, as the story unfolds, XRP has experienced a remarkable jump in value making a breakout of the $0.60 resistance. At the press time, XRP price was trading at $ 0.694080 with a 24-hour trading volume of $20 billion. This indicates a price increase of 8.31% in the previous 24 hours and a price increase of 12.83% in the last 7 days.

Also Read: Shiba Inu Burn Rate Soars 83000% As Whale Shifts 4 Tln SHIB

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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