David

Shiba Inu

<img width="1920" height="1200" src="https://coingape.com/wp-content/uploads/2023/11/Ripple-CTOsu-David-Schwartz-Yatirimcilari-Uyardi.jpg" class="attachment-full size-full wp-post-image" alt="Ripple CTO's Discreet Message Sparks Speculation Among XRP Community" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/11/Ripple-CTOsu-David-Schwartz-Yatirimcilari-Uyardi.jpg 1920w, https://coingape.com/wp-content/uploads/2023/11/Ripple-CTOsu-David-Schwartz-Yatirimcilari-Uyardi-300x188.jpg 300w, https://coingape.com/wp-content/uploads/2023/11/Ripple-CTOsu-David-Schwartz-Yatirimcilari-Uyardi-1224x765.jpg 1224w, https://coingape.com/wp-content/uploads/2023/11/Ripple-CTOsu-David-Schwartz-Yatirimcilari-Uyardi-768x480.jpg 768w, https://coingape.com/wp-content/uploads/2023/11/Ripple-CTOsu-David-Schwartz-Yatirimcilari-Uyardi-1536x960.jpg 1536w, https://coingape.com/wp-content/uploads/2023/11/Ripple-CTOsu-David-Schwartz-Yatirimcilari-Uyardi-150x94.jpg 150w" sizes="(max-width: 1920px) 100vw, 1920px">
<p>Ripple CTO David Schwartz recently recounted a cautionary tale about his experience 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.</p> 
<p>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 <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> investors especially the XRP community what they believe now to hold XRP.</p> 
<h2 id="xrp-community-bullish-on-schwartz-s-statement">XRP Community Bullish On Schwartz’s Statement</h2> 
<p>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.</p> 
<div class="flex-1 overflow-hidden"> 
 <div class="react-scroll-to-bottom--css-hmvhp-79elbk h-full"> 
  <div class="react-scroll-to-bottom--css-hmvhp-1n7m0yu"> 
   <div class="flex flex-col pb-9 text-sm"> 
    <div class="w-full text-token-text-primary" data-testid="conversation-turn-17"> 
     <div class="px-4 py-2 justify-center text-base md:gap-6 m-auto"> 
      <div class="flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] } group final-completion"> 
       <div class="relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn"> 
        <div class="flex-col gap-1 md:gap-3"> 
         <div class="flex flex-grow flex-col max-w-full"> 
          <div class="min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto" data-message-author-role="assistant" data-message-id="ea470110-8bbf-4f09-9a93-198e0d78d355"> 
           <div class="markdown prose w-full break-words dark:prose-invert light"> 
            <p>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.</p> 
            <p>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.</p> 
            <p>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 <a href="https://coingape.com/glossary/bull-market/">bull market</a>, XRP didn’t move much which made investors go crazy.</p> 
            <p><strong>Also Read: <a href="https://coingape.com/elon-musk-x-explores-amazon-partnership-amid-advertiser-exodus-what-next/" target="_blank" rel="noopener">Elon Musk’s X Explores Amazon Partnership Amid Advertiser Exodus, What’s Next?</a></strong></p> 
            <h2 id="uphold-s-vault-to-support-xrp">Uphold’s Vault To Support XRP</h2> 
            <p>With recent developments, Uphold announced the launch of its <a href="https://coingape.com/xrp-holders-get-a-boost-with-upholds-innovative-vault-wallet/" target="_blank" rel="noopener">self-custody wallet Vault</a>. 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.</p> 
            <p>Uphold’s CEO, Simon McLoughlin, highlighted the wallet’s simplicity and user-friendliness, asserting that Vault eliminates the challenges commonly associated with self-custody.</p> 
            <p>Meanwhile, as the story unfolds, XRP has experienced a remarkable jump in value making a <a href="https://coingape.com/glossary/breakout/" target="_blank" rel="noopener">breakout</a> 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.</p> 
            <p><strong>Also Read: <a href="https://coingape.com/shiba-inu-burn-rate-soars-83000-as-whale-shifts-4-tln-shib/" target="_blank" rel="noopener">Shiba Inu Burn Rate Soars 83000% As Whale Shifts 4 Tln SHIB</a></strong></p> 
           </div> 
          </div> 
         </div> 
        </div> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="nofollow" href="https://coingape.com/ripple-cto-discreet-message-sparks-speculation-on-holding-xrp/">Ripple CTO’s Discreet Message Sparks Speculation Among XRP Community</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.</p>

Ripple CTO’s Discreet Message Sparks Speculation Among XRP Community

Table of Contents

Coingape News Media

Other articles published on Dec 9, 2023

EU Breaks New Ground in AI Rules, Will It Impact OpenAI’s ChatGPT?

Polkadot (DOT) Jumps 20% as It Eyes Major Milestone

3 Cryptos Set To Explode Before Christmas

Terra Luna Classic (LUNC) Reaches 85 Billion LUNC Burn Milestone

How Does AI Adoption Transform the Dynamics of Software Testing?

Terra Classic Price Prediction: Should You Buy $LUNC at $0.0002 Dip?

Join our free newsletter for daily crypto updates!