Thanks to the director of Ripple (CTO) technology, David Schwartz announces plans for resignation, community members began to speculate what this could mean price XRP. This happens when XRP regains the psychological level of USD 3, providing a stubborn perspective for Altcoin.
Which means the resignation of Ripple Cto for XRP
IN X PostA member of the Unknowdlt community said it was not a coincidence that Ripple Cto is giving way to XRP ETFS and Global ISO 20022 adoption. He added that Schwartz knows that the floral flood would cause supply shock and escalate the price of XRP when it becomes a spine for sediment.
However, it is worth noting said Cto Ripple that he would not go away by the end of the year. Therefore, it is expected that he will continue to have its role when this expected escalate in XRP prices occurs. ETF XRP is expected to be launched this month, while the ISO 20022 reception may take place in November.
While Unknowdlt believes that the XRP price is set to the departure of Cto Ripple, Bitlord Crypto Pundit suggested that it is a bear for Altcoin. Stated The time has come to sell XRP, emphasizing why the resignation was suspicious. Pundit also noticed that the market is at the stage where Ripple will openly admit defeat.
Resignation appears among increased competition
Bitlord also noted that Schwartz’s announcement took place at a critical moment when Swift announced plans To launch the Book of Blockchain. The cryptographic pundit said that it was ironic that XRP was replaced overnight by the very thing he tried to replace. After building the Book of Swift, there is a belief that XRP may not be the most essential crypto to settle payments, which is bear at the price of XRP.
He also explained that there is a greater competition that can be expected and there are no clear Ripple answers. According to this, he noticed that Ripple Cto is giving way to enjoy life and a hobby, he is not exactly stubborn at the price of XRP. Pundit also speculated that XRP can no longer be successfully dropped on retail, which is why Schwartz joined the Ripple board. Believes that this move is inside Preparation for IPO.
Bitlor asked what it would mean Owners of XRPadding that they will find out in the coming months. The price of XRP increased above 3 USD among speculation on the resignation of CTO Ripple Cto for Altcoin. It is also worth noting that Altcoin showed a slight reaction on the day Schwartz announced plans to resign.
According to writing, the price of XRP is USD 3.02, which is over 2% in the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Getty Images, chart from TradingView.com
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