- XRP Price Jumps 16%, Speculation Over SEC’s Future Actions Boosts Confidence.
- Charles Hoskinson Commends XRP’s Grit Amid Persistent Legal Challenges.
- David Schwartz Corrects Misunderstandings About XRP’s Reported $3.84 ATH.
In a recent podcast Charles Hoskinson, Cardano founder, acknowledged the resilience of the XRP community. He pointed out the obstacle they went through such as a prolonged case with US Securities and Exchange Commission (SEC) and the delisting from the major exchanges. “Every single time you get hit hard you have to come back,” he said.
Hoskinson highlighted the XRP community as a prime example of endurance, noting their ongoing fight despite legal victories and setbacks. He expressed admiration for their unwavering spirit and said he had engaged extensively with their members in online discussions.
Charles Hoskinson on XRP’s resilience. ✊
“Remember, every step of the way, they were excluded, delisted, sued. Yet they’re still here, resilient as ever.”
Cardano knows this feeling. Now $XRP is nearing ATH.
Proof that hard work, resilience, and patience pay off. 💥 pic.twitter.com/qF0kyFrsVU
— Cardanians (CRDN) (@Cardanians_io) January 16, 2025
In the same conversation, Hoskinson pointed to Ripple CTO David Schwartz whom he referred to as a ‘brilliant’ and “super smart” who is still very much involved with Ripple and XRP even after the company has gone through so many troubles.
Ripple CTO Clarifies Misconceptions Around XRP’s All-Time High
Ripple CTO David Schwartz has recently engaged a long-standing question about XRP with a reported all-time price of $3.84 in Jan 2018. When asked by an XRP fan on social media about this figure, Schwartz pointed out that this was exaggerated by the “official” rates for Korean markets that are often called the “Kimchi premium.”
He explained that the $3.84 price did not accurately reflect trading conditions at the time, as neither buyers nor sellers could transact at that value. The discrepancy arose from regional price differences, with South Korean exchanges reporting significantly higher rates compared to global platforms. Schwartz’s comments helped provide context for the price dynamics of XRP during its previous peak.
XRP Price Surges Amid SEC Leadership Change
Ripple has been on the rise lately, with its price ascending 16% within one day to $3.19 and then leveling off at $3.10. Market analysts attribute this rally to speculation regarding potential changes at the SEC following the departure of Chairman Gary Gensler, scheduled for January 25.
Rumors suggest the SEC may reevaluate ongoing legal actions against cryptocurrencies that do not involve fraud. This speculation has helped create positivity among the XRP investors thus boosting the price of XRP in the recent past. The recent rally of XRP is another indication of the currency’s recovery and its fight back within the cryptocurrency market.
Read the full article here
