David Schwartz has pushed back against claims that XRP could surge to $10,000, calling the prediction unrealistic and inconsistent with how markets function.
Summary
Schwartz said a $10,000 XRP price target does not align with normal market behavior.
He clarified that past remarks about XRP were related to liquidity needs, not future price expectations.
He also dismissed theories about secret government involvement as unfounded speculation.
The comments came during an online discussion revisiting earlier statements about XRP’s potential value and market structure.
Market logic challenges extreme predictions
Schwartz argued that if there were even a slight probability of XRP reaching such extreme levels, institutional and high-net-worth investors would already be aggressively accumulating the asset. The absence of such behavior, he noted, contradicts the $10,000 narrative.
Old statements taken out of context
The debate resurfaced after renewed attention on a 2017 post in which Schwartz discussed XRP’s role in supporting large-scale liquidity. Some interpreted those comments as a long-term price target.
However, Schwartz clarified that his remarks were purely about transaction efficiency—explaining that XRP could not remain extremely cheap if it were to handle massive payment volumes. The discussion focused on liquidity, market depth, and settlement capacity, not price projections.
Rejects conspiracy theories
Schwartz also addressed claims suggesting XRP is part of undisclosed government or central bank plans. He dismissed such ideas as conspiracy theories, warning investors against relying on speculative narratives.
He added that Ripple’s non-disclosure agreements are standard business practice and do not indicate any hidden arrangements involving XRP.
Transparency and current market position
Schwartz further noted that Ripple’s escrow holdings are fully transparent and can be tracked on-chain, countering claims of hidden supply mechanisms.
At the time of his comments, XRP was trading around $1.37–$1.38, with a market capitalization exceeding $84 billion, as the asset continues to attract strong attention within the crypto market.
