Ripple CTO Talks About a $420 XRP

Late into the night on February 3rd, 2022 Ripple CTO David Schwartz publishes an especially odd tweet on his official twitter account. Ripple executives and people who represent the company rarely every discuss the topic of an XRP price, because this can be a very sensitive thing to talk about publicly. The CTO of Ripple is quite a charismatic figure in the XRP twitter community, usually tweeting banters, sarcasm and some other things that could be perceived as a ‘riddle’. Yesterday he decides to tweet this bombshell which gained 600k views.

From the surface level, this is clearly a reference to the famous tweet from Elon Musk that ended up causing him to be sued later by the SEC for securities fraud.

What we find particularly odd here is that the Ripple CTO would tweet something like this while the Ripple v SEC lawsuit is completely briefed and filed, awaiting a decision from the judge to either give Ripple the victory, give the SEC the victory, or send the case to trial.

While this is clearly a joke from the Ripple CTO (or is it?) and we may not be seeing a $420 XRP anytime soon there is still something very real currently brewing on the XRP charts. We currently have the largest converging triangle in XRP history and estimates are showing that the next all time high could very realistically be in the range of $8-$10 per coin. Lets go ahead and look at a few different perspectives on the charts.