- Schwartz recently shared a story where he sold 40,000 ETH for $1 each to install solar panels on the roof of a house he later didn’t own.
- An XRP supporter claimed that David Schwartz conveyed a message about the rewarding results of patience, predicting an expected increase in XRP’s value soon.
- Uphold’s strategic approach to support Ripple’s XRP token is reflected in the initial launch of Vault. Vault is a platform that supports Ripple’s XRP token.
A story narrated by Ripple CTO David Schwartz has sparked discussions within the XRP community: Does it hold any significance for XRP?
CTO’s Story Discussed in the XRP Community
Ripple CTO David Schwartz recently shared a story that stirred discussions within the XRP community. Schwartz narrated a story where he sold 40,000 ETH for $1 each to install solar panels on a house he later didn’t own. Expressing regret for the Ethereum sale, Schwartz lamented that the tokens he sold would now be worth a staggering $100 million.
This story triggered discussions within the XRP community, especially highlighting the importance of holding XRP despite its price. XRP community members noted a subtle yet meaningful message in Schwartz’s shared story, interpreting it as an encouragement to steadfastly hold XRP, even if the price drops below $1.
In contrast, an XRP supporter claimed that Schwartz conveyed a message about the rewarding results of patience, predicting an expected increase in XRP’s value soon. Schwartz also shared a similar example where his father sold Apple shares to fund a home renovation.
This story emerged during a period of consolidation in XRP’s price, disappointing community members. XRP had remained relatively stagnant during a few weeks of significant bullish market activity in the crypto space, frustrating investors.
Uphold’s Vault to Support XRP
In recent developments, Uphold announced its decision to launch its own custody wallet, Vault. Uphold’s strategic approach to support Ripple’s XRP token reflects in the launch of Vault. Vault is a platform supporting Ripple’s XRP token. Uphold CEO Simon McLoughlin emphasized the simplicity and user-friendliness of the wallet, stating that Vault eliminates the challenges often associated with self-custody.
When this story surfaced, XRP experienced a notable price increase by surpassing the $0.60 resistance level. At the time of writing, XRP was trading at $0.6828, with a 24-hour trading volume of $20 billion. This represents an 8.31% price increase in the previous 24 hours and a 12.83% price increase over the last 7 days.
