Ripple CTO Clarifies Discrepancy about XRP Price All-Time High
2025-07-19 14:40:27
Main Idea
Ripple CTO David Schwartz clarifies discrepancies regarding XRP's all-time high price, attributing the $3.84 figure to unrealistic exchange rate conversions and asserting $3.65 as a more credible ATH.
Key Points
1. XRP's price reached $3.65 on July 18, 2025, which many consider a new all-time high (ATH), though some argue it is $3.84.
2. Ripple CTO David Schwartz explained that the $3.84 figure comes from averaging XRP/WON exchange rates at Korean exchanges using unrealistic USD conversion rates.
3. Schwartz emphasized that no actual transactions occurred at $3.84, making $3.65 a more accurate ATH based on broader market consensus.
4. Experts predict XRP could soon surpass $3.65 and potentially reach $10, though this is not financial advice.
5. The debate highlights the importance of accurate benchmarks and realistic exchange rate conversions in determining crypto price records.
Description
On July 18, the XRP price reached $3.65. To many investors, this level marked a new all-time high (ATH) for the asset. However, not everyone agrees, as many market participants believe its ATH is $3.84. This price is listed as the ATH on CoinMarketCap, as opposed to Coingecko, which lists $3.65 as the new ATH. Meanwhile, Ripple’s Chief Technology Officer (CTO), David Schwartz, weighed in on this discrepancy in a recent post on X. Origin of the $3.84 XRP Price ATH Schwartz explained that the freq...
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