David Schwartz Criticizes XRP's $10,000 Price Target Theory... "Feasibility Questionable?"

▲ Ripple (XRP) ©

A key Ripple figure has directly refuted the 'XRP $10,000 price target scenario,' putting a brake on excessive expectations.

According to crypto media outlet NewsBTC on May 1 (local time), David Schwartz, former Chief Technology Officer of Ripple, recently raised realistic doubts on X (formerly Twitter) about claims that XRP could reach $10,000.

Schwartz's core argument was based on the premise that 'market prices front-run expectations.' He pointed out, "If wealthy and rational investors believed even slightly that XRP could reach $10,000 in the future, the current price would already be much higher."

This statement directly targets the very premise of the ultra-bullish forecasts repeatedly made within the XRP community. While some investors have anticipated prices of several thousand dollars or more based on increased institutional adoption or use in payment networks for XRP, Schwartz countered by questioning why such expectations are not reflected in actual market prices.

He also drew a line against claims that Ripple possesses a 'hidden mechanism' to intentionally drive up XRP's price. He emphasized that while some possibilities might have been imaginable in the past, the claim that such 'magical means' exist in the current situation lacks persuasiveness.

The market views these remarks as targeting both the excessive optimism and conspiratorial interpretations surrounding XRP. In particular, regarding the argument that the price does not sufficiently reflect future utility, Schwartz highlighted that the reality of capital not moving is the most powerful counter-argument.

Ultimately, the debate surrounding XRP's price continues in the gap between expectation and reality. Schwartz's remarks emphasize that the market largely reflects possible scenarios, serving as a reminder to be cautious about extreme price forecasts.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*