š¢š¢Ripple CTO Discusses Potential XRP Price Surge: 10x Rally Ahead šš
Schwartz posted an image showing a product that reads āPre-Mix Bubble Solutionā and boasts of having ā10x more bubbles.ā The grammatical redundancy in the label caught the attention of the XRP community. Most people saw the tweet as a potential signal of what is to come for XRP.
The term ā10x timesā was a subject of great discussion among XRP holders. Some suggested that the tweet might mean that the token would be worth $10, others saw it as an open-ended remark. The timing of the tweet also came in line with an XRP price movement, which only added to the speculation.
šÆRipple Executes Major XRP Transfers
Over the weekend, Ripple processed two large XRP transactions worth 90 million tokens in total. Blockchain tracker Whale Alert recorded the transactions at a value of about $200 million.
The first transfer was 50 million XRP for $111.7 million, while the second transfer was 40 million XRP for $89.7 million. The two transactions happened in the same minute. However, the recipients of these transfers have not been undisclosed.
Whale Alert also noted multiple other large XRP transactions, including an XRP transaction of 182 million tokens valued at $411 million in fiat. These movements show that the XRP network is very active, especially with traders and investors in the market.
šKey Price Levels and Market Predictions
The XRP token has been most exciting, as it has gained more than 250% in the last three months alone. EGRAG, a well-known trader in the crypto sphere, posted an analysis of the situation that may lead to a price surge to $8. According to the Ripple CEO, the forecast is based on the total market cap of the cryptocurrency market hitting $5 trillion.
As of this writing, XRP has a market capitalization of $126 billion while taking up 2% of the $3.36 trillion crypto market. According to EGRAG XRP, it could regain its previous market dominance of 10% based on price predictions for 2017 and 2021.
$XRP #XRPPredictions