John Deaton, a lawyer and well-known supporter of XRP, has firmly denied making any predictions about XRP hitting the $10,000 mark or eventually reaching the valuation of Ethereum. He cleared the air after his comment concerning XRPâs recent surprising surge, which propelled it to levels unseen for months.
Lukey Mo (@_lukey_mo), a member of the XRP community on X, drew attention to XRPâs surge, writing, âWhat am I missing hereâŠ.. $XRP is pumping and no one knows why.â He attached a picture of XRPâs price movement.
At that time, XRP was trading at $0.6869, and would eventually rise to a four-month high of $.7297 on November 6.
In reply, Deaton proposed that XRPâs surge could be interpreted as the âRise of Legal Utility.â This perspective could mean XRPâs legal clarity because of Rippleâs victories over the U.S. Securities and Exchange Commission (SEC) in the infamous XRP lawsuit. It could also mean the growing recognition of XRPâs practical applications within legal and financial contexts.
Seeing Deatonâs comments, an XRP enthusiast shared them on X, and in the process, added words that changed the meaning conveyed by Deatonâs original message.
The user stated, âAccording to @JohnEDeaton1 the rise of XRP right now is the rise of legal Utility. There is no doubt once it gets the settlement, XRP will double its market cap soon will overcome ETH market capâ
He also added an image to the response, showing XRP at $10, $100 and $10,000.
John Deaton Clears the Air
Deaton responded swiftly, clarifying that he did not make any of the claims shared by this user. He stated, âI never said all of this. I said todayâs pump was called the rise of legal utility. For the record, Iâve never said any of the rest. Iâve certainly never said or implied XRP was going to the numbers below.â
Deaton did not make any claims of XRP going to $10,000, and this could be the reaction of an overexcited XRP enthusiast. Many community members called him out for this error.
Rumors of XRP going to $10,000 have been making the rounds lately. Recently, a prominent news channel shared unconfirmed claims of Ripple co-founder Arthur Britto stating that XRP would rise to $10,000.
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