Ripple CTO’s Cryptic Tweet Mystifies XRP Community

Fri, 22/03/2024 – 9:39

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  • Does Ripple CTO’s tweet hint at future XPR price?
  • David Schwartz develops a trading bot


Ripple’s chief technology officer and one of the XRP Ledger creators David Schwartz has taken to the X social media network (formerly Twitter) to publish a cryptic tweet. It was a maths problem which ultimately equalled 5.

Does Ripple CTO’s tweet hint at future XPR price?

This tweet of Schwarts triggered an enthusiastic response from multiple Twitter/X accounts. The response given to a lot of commentators by the Ripple top executive was “5” and many XRP enthusiasts preferred to interpret this as Schwartz making a prediction about the XRP price reaching $5 in the future. Perhaps, once Ripple manages to ultimately win the case against the SEC.

When last year, a major victory in this legal case was reached and the federal judge Analisa Torres made a ruling about XRP sales on secondary markets do not qualify as sales of securities, XRP soared to the $0.71 level briefly.

In the same year, the SEC lost another major case – that one had been initiated by Grayscale to compel the regulator to give serious attention to its filing about converting their Bitcoin Trust into a spot Bitcoin ETF. This wish was granted on January 11 this year, when Grayscale’s spot ETF was approved along with ten others, including those issued by BlackRock, Ark Invest, and Fidelity.

As of this writing, XRP proudly holds the position of the sixth largest cryptocurrency in terms of market capitalization value and is exchanging hands at $0.63214. Over the last 24 hours, the price demonstrated a 6.05% growth, however, it was quickly reduced to 4.91% by the decline that followed.

David Schwartz develops a trading bot

In a tweet issued on March 21, the Ripple CTO informed the cryptocurrency community that he had successfully competed the development of a new bot for trading on centralized crypto exchanges.

David Schwartz revealed that the bot operates using the algorithm that is similar to the one on which the XRP Ledger’s AMM runs.

For now, according to Schwartz, the bot is “really rough” but he considers adding a GitLab link. The software engineer pointed out that it is so far too early to tell whether this bot is going to bring high profits. For the time being, he expects he would be able to make approximately 11% per year.


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