Ripple’s CTO, David Schwartz, Sparks Speculation with Cryptic Tweet

David Schwartz, the chief technology officer of Ripple and one of the creators of the XRP Ledger, recently posted a cryptic tweet on the X social media network. The tweet contained a math problem that ultimately equaled 5. This tweet has triggered enthusiastic responses from various Twitter/X accounts.

Schwartz responded to many commentators with a simple "5," leading many XRP enthusiasts to interpret it as a prediction that the XRP price could reach $5 in the future, possibly after Ripple's legal battle with the SEC is resolved. Last year, a major victory in this legal case occurred when federal judge Analisa Torres ruled that XRP sales on secondary markets do not qualify as sales of securities. Following this ruling, XRP briefly soared to $0.71.

In another significant development last year, the SEC lost a major case initiated by Grayscale. This case sought to compel the regulator to give serious attention to Grayscale's filing about converting their Bitcoin Trust into a spot Bitcoin ETF. The SEC's approval of Grayscale's spot ETF on January 11 this year, along with ten others, including those issued by BlackRock, Ark Invest, and Fidelity, was seen as a victory.

XRP currently holds the position of the sixth-largest cryptocurrency in terms of market capitalization, with a value of $0.63214 per coin. Over the last 24 hours, the price has demonstrated a 6.05% growth, which was partially offset by a subsequent decline to 4.91%.

Additionally, Schwartz recently announced on March 21 that he has developed a new trading bot for centralized crypto exchanges. The bot operates using an algorithm similar to the one used in the XRP Ledger's AMM. Schwartz described the bot as "really rough" at this stage but hinted at the possibility of sharing a GitLab link. He cautioned that it is too early to predict whether the bot will be profitable, but he hopes to achieve approximately an 11% return per year.