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Ripple executive remarks have disappointed some XRP bulls, with the comments effectively arguing that XRP is unlikely to reach $20. The discussion framed the idea that even a 1% chance of reaching that level would be required to justify such a valuation, contrasting sharply with community expectations.
The exchange referenced a valuation model attributed to Chris Burniske, expressed as Price = PQ / (V × S). That framework became part of the broader “market efficiency” argument about how XRP should be priced relative to underlying variables.
At the time of the discussion, XRP was cited at about $1.37, with a market capitalization near $85 billion. The gap between those figures and the $20 narrative underscored the disagreement between bullish expectations and current market reality.
The conversation also touched on testimony by Elon Musk, who said that most cryptocurrencies are scams, though some may have merit. Schwartz responded that there is more agreement that most crypto assets are scams than agreement on which specific ones are not.
On the technical side, XRP was described as sitting along a descending trendline from February’s highs. A near-term target was cited at $1.4625, while the range low was noted around $1.10, defining the trading range from February.
The bull market support band was described as lying overhead between $1.5982 and $1.6331. Reclaiming that band was presented as a potential signal that XRP’s bear trend could be over.
Additional levels were highlighted as follows:
The remarks tied the technical outlook to whether XRP can reclaim the bull market support band ($1.5982 to $1.6331). Failure to hold the cited support levels, particularly around $1.2996, would keep the bearish structure in focus.
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