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Ripple CTO emeritus David Schwartz has pushed back against a widely circulated claim within the XRP community that the token could eventually reach $10,000. Speaking during an X discussion after users asked him to address long-running price theories, Schwartz said the target does not align with how markets currently price XRP, which was trading near $1.37 at the time.
The discussion began after an X user asked Schwartz to respond to claims that XRP could rise to $10,000, citing a valuation model associated with Chris Burniske. The model is presented as Price = PQ / (V × S), and some commentators have used it to support very high projections for digital assets, including XRP.
Schwartz rejected the idea that the model alone can justify a $10,000 price target. He argued that rational markets typically incorporate future expectations before they fully materialize. In his view, if serious investors believed XRP had even a 1% chance of reaching $10,000 within 10 years, buying pressure would already be substantially stronger.
Schwartz said that if wealthy and rational investors saw a credible path to $10,000, XRP would likely trade far above its current level. He suggested that such belief could put XRP near $20 rather than around $1.37, emphasizing how market pricing should reflect the probability investors assign to large future gains.
Schwartz’s comments came as XRP’s market value was reported at about $85 billion. He noted that reaching $10,000 would imply a valuation far beyond current adoption levels and available market demand.
The conversation also shifted to Ripple’s role in XRP’s future price. Another user asked why Ripple does not use its treasury, payment products, or internal systems to push XRP higher, including toward $100.
Schwartz dismissed the idea that Ripple has a hidden tool that could suddenly lift XRP’s value. He said the “magic switch” concept has gained attention among some holders, but does not match Ripple’s stated approach. While he said Ripple does not disclose every internal detail, Schwartz argued that the company is not hiding a plan to artificially raise XRP’s price.
He also referenced earlier remarks about Ripple’s business agreements and non-disclosure arrangements. Schwartz previously said Ripple’s 1,700 NDAs are standard business contracts rather than evidence of hidden XRP adoption plans, and he rejected claims that undisclosed partnerships or government-backed programs will abruptly change XRP’s market value.
At the time of writing, XRP was trading at $1.37, slightly up over the past 24 hours. The token’s market capitalization was reported at $84.76 billion, while 24-hour trading volume was $1.62 billion.
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