The post Ripple’s David Schwartz Challenges Viral XRP Claims appeared on BitcoinEthereumNews.com.

Ripple CTO David Schwartz responds to XRP price predictions amid ETF rumors. Schwartz cautions against responding to misinformation, fearing it could amplify false claims. A viral post predicts XRP’s price rise from $10,000 to $35,000, which Schwartz calls “insane.” Ripple CTO David Schwartz reacted to the widely circulated, far-fetched XRP price predictions circulating within the crypto community. His latest comments responded to rumors suggesting the cryptocurrency could rise to as much as $10,000 to $15,000 following potential ETF approval.  Schwartz was cautioning against misinformation. While expressing his frustrations, he explained that Ripple’s challenges during the ongoing lawsuit have prevented them from responding to false narratives. “There were things that were indisputably true that I could not say,” Schwartz stated. However, he noted that he often felt relieved when other community members challenged such narratives. Ripple’s Approach to Misinformation Questioned In the conversation, X user DarkHorse reflected on Ripple’s strategy of relying on the XRP Army to combat misinformation. He criticized this approach, claiming it only amplified misinformation and led to the spread of clickbait.  However, Schwartz defended Ripple’s stance, explaining that directly responding to misinformation could make it worse. He added that some predictions are difficult to challenge without calling them lies. “You can’t really say that a prediction is a lie,” he remarked. Meanwhile, another community member, MaxYel, suggested that Schwartz could address misinformation by creating short videos debunking XRP-related myths. “But you won’t do that,” MaxYel said. He added that “because XRP will become a scam and an outcast among loyal fans. It’s a vicious circle, and you’re part of it.” In response, Schwartz asked for specific examples. A user cited the prediction that XRP would soon be approved as an ETF by the U.S. SEC and lead to a massive price surge. “$10,000 to $35,000 per XRP…

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Filed under: News - @ January 13, 2025 2:27 pm