As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by the latest developments surrounding XRP. The recent comments from Ripple CTO David Schwartz have certainly sparked a flurry of activity within the XRP community. His phrase “Lock in” has ignited a wave of bullish sentiment, with many interpreting it as a call to HODL or even buy more XRP.
The post from David Schwartz, Ripple’s Chief Technology Officer, has ignited enthusiastic responses from the XRP community within the comment section.
“Lock in,” Ripple CTO says
Schwartz responded to a series of reposts, which all state one short phrase: “Lock in.” He also tweeted this short message, sparking interest within the crypto community.
When the Ripple CTO suggested “locking in” XRP, members of the XRP community interpreted this as holding onto their XRP for a longer period and not selling or buying additional XRP. This was reflected in an outpouring of optimistic posts on social media.
The comments resembled a statement shared by the XRP enthusiast @XRPcryptowolf, which said: “David has affirmed his intention to hold onto XRP and not sell it.
Lock in
— David “JoelKatz” Schwartz (@JoelKatz) December 9, 2024
On Sunday, Schwartz issued a warning to the XRP community about common cryptocurrency scams. These scammers often pose as well-known figures in the crypto world using artificial intelligence or deepfakes, or they don’t impersonate anyone at all. Their modus operandi involves asking users to transfer a minimal amount of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), or other cryptocurrencies. The promise is that they will get double the amount back later on.
David Schwartz expressed his thoughts about the age-old fraudulent tactic by stating: “Should you transfer 10 XRP to me, I’ll magically end up with an additional 10 XRP.
If you send me just 10 XRP, then I will …
… have 10 more XRP.
— David “JoelKatz” Schwartz (@JoelKatz) December 8, 2024
Brad Garlinghouse, CEO of Ripple, is frequently imitated by fraudsters across various social media platforms and on YouTube through the use of deepfake technology. These impostors typically lure users into sending them a larger quantity of XRP if they send an initial amount to the fake Ripple executive’s account.
XRP shows bullish outlook
As per a tweet shared by cryptocurrency expert Ali Martinez, it appears that XRP – the fourth-largest digital currency – has created a series of three successive bull pennant formations on its chart. This pattern often hints at a possible prolongation of an upward price trajectory for the asset.
According to Martinez’s analysis, if the current price of XRP ($2.39) holds after testing at approximately $2.25, it could potentially rise further and reach around $4.40. This assessment is based on the latest data from CoinMarketCap.
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2024-12-09 17:03