Ripple CTO’s ‘Lock In’ Post Fuels Speculation of XRP Price Surge

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FXCryptonews 10 months ago 180

Ripple’s Chief Technology Officer (CTO), David Schwartz, stirred excitement within the XRP ($2.32) community with a cryptic message. Schwartz shared a simple phrase, “Lock in,” across social media, triggering a surge of bullish responses. XRP supporters, often called the “XRP army,” interpreted the message as a call to “hodl” XRP — a term used in the crypto world to encourage holding assets long-term instead of selling.

Lock in https://t.co/Ysc9jpuTAd

— David "JoelKatz" Schwartz (@JoelKatz) December 9, 2024

Several community members echoed this sentiment, including well-known XRP advocate @XRPcryptowolf, who asserted, “David just confirmed to lock in and not sell any XRP.” The wave of similar messages further fueled the community’s belief that Schwartz’s words were a signal to secure XRP holdings or increase purchases.

Related article: Ripple CTO Shares Insights on XRP’s Future and Legal Challenges

Ripple CTO Warns Against Classic Crypto Scams

In a separate post, Schwartz addressed the growing threat of crypto scams. He highlighted a common scheme where scammers, often impersonating high-profile figures like Ripple CEO Brad Garlinghouse, trick users into sending small amounts of cryptocurrency with the promise of receiving double in return. 

If you send me just 10 XRP, then I will …

… have 10 more XRP.

— David "JoelKatz" Schwartz (@JoelKatz) December 8, 2024

Schwartz sarcastically commented on the scam, stating, “If you send me just 10 XRP, then I will… have 10 more XRP.” This comment served as a direct warning to XRP holders, urging them to stay alert. 

Related article: Ripple CTO Outlines Vision for Future Partnerships and Growth

Scammers frequently use fake profiles on X (formerly Twitter) and even deepfake technology on YouTube to impersonate Ripple executives. These schemes aim to deceive users into parting with their XRP or other cryptocurrencies.

XRP Price Outlook: Bullish Patterns Signal Possible Surge

Meanwhile, technical analysis points to a potential bullish trend for XRP. According to analyst and trader Ali Martinez, XRP’s price chart has displayed three consecutive bull pennant patterns. This technical pattern often signals the continuation of an upward price trend.

$XRP: 3 consecutive bull pennants! We should all be praying for a retest of $2.25 to buy the dip and target $4.40! pic.twitter.com/KgXnM929yk

— Ali (@ali_charts) December 9, 2024

Martinez predicted that after testing the $2.25 resistance level, XRP could potentially climb to $4.40. At present, XRP is trading at $2.39, based on data from CoinMarketCap. If the predicted upward momentum holds, it could mark a significant price increase for the fourth-largest cryptocurrency.

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— FXCryptoNews (@FXCryptoNews) December 14, 2023

With growing optimism from the “lock in” message, increased scam awareness, and bullish price predictions, XRP holders remain watchful for the next move.

The post Ripple CTO’s ‘Lock In’ Post Fuels Speculation of XRP Price Surge appeared first on FXcrypto News.



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