BEARISH 📉 : Ex-Ripple CTO David Schwartz Questions XRP’s $100 Price Potential

Key Points from David Schwartz on XRP:

David Schwartz, ex-Ripple CTO, discussed the improbability of XRP reaching $100 soon, stating that current market prices reflect investor beliefs.
Schwartz emphasized a probabilistic approach rather than absolute predictions, recalling past surprises in crypto valuations.
He argued that if there was significant belief in XRP hitting $100, the price wouldn't be far below double digits due to market behavior.
The gap between hypothetical high prices and the current trading price suggests few investors see a near-term path to $100.
Schwartz noted that lower XRP prices make transactions more costly, as more units are needed for the same value.

Scaling XRPL Concerns:

Concerns were raised about XRPL's throughput capacity of 1500 transactions per second.
Schwartz suggested increasing transaction value over quantity to maintain decentralization without imposing costs on node operators.
He highlighted that current low XRPL fees allow many low-value transactions, suggesting room for more valuable transactions before throughput limits are reached.

At press time, XRP traded at $1.76.

XRP price chart