<ul><li>Ripple&#39;s CTO, David Schwartz, underscores the significance of higher XRP prices for liquidity and cost-efficiency in cross-border payments.</li><li>Schwartz argues that higher prices are more conducive to mainstream adoption because they reduce the fraction of XRP required for significant transactions.</li><li>XRP faces uncertainty as it balances on a critical $0.48 support level, with the convergence of moving averages adding complexity to price analysis.</li></ul>In a groundbreaking revelation, prominent XRP advocate Crypto Eri has brought to light a statement made by Ripple&#39;s Chief Technology Officer, David Schwartz, in a Twitter post concerning the price of XRP in the context of facilitating large cross-border payments. In response to a question on <a href="https://www.quora.com/If-banks-were-to-adopt-Ripple-which-means-they-have-to-purchase-XRP-would-they-not-want-to-keep-the-market-price-of-XRP-low-If-XRP-is-finite-i-e-cannot-be-mined-then-wouldnt-that-hinder-mainstream-adoption/answer/David-Schwartz-9?ch&#61;10&amp;oid&#61;65606095&amp;share&#61;4756d585&amp;srid&#61;Sw5VR&amp;target_type&#61;answer" rel="noopener noreferrer nofollow">Quora</a> about institutions possibly favoring a low XRP price for payment transactions, Schwartz&#39;s remarks emphasize the importance of higher prices for achieving liquidity and cost-efficiency.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8869ebe9dfb646dc81256dfe0aa85832.png" />In his response, Schwartz addressed concerns about banks adopting Ripple technology and its potential impact on XRP&#39;s market price. Contrary to the notion that lower XRP prices would benefit banks, Schwartz <a href="https://cryptotale.org/crypto-experts-weigh-in-ripple-stock-vs-xrp-which-investment-holds-the-edge/" rel="noopener noreferrer nofollow">argued</a> that higher prices were more conducive to mainstream adoption. He explained that regardless of price, the XRP required for a $1 million payment would always be at least $1 million.Schwartz&#39;s key point was that higher prices correlate with increased liquidity, resulting in more affordable transactions. To illustrate this, he drew a comparison with <a href="https://cryptotale.org/analysts-predict-explosive-bitcoin-price-surge-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">Bitcoin</a>, noting that using it as an intermediary currency for a $1 million transaction when its low price would lead to significant price fluctuations due to limited liquidity.Read full article a<a href="https://cryptotale.org/xrp-price-revelation-ripples-cto-backs-higher-values-for-liquidity-efficiency/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

XRP Price Revelation: Ripple's CTO Backs Higher Values for Liquidity & Efficiency

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