Ripple Manager Goes Crazy: XRP Will See These Levels!

Ripple Manager Goes Crazy: XRP Will See These Levels!

The former Ripple executive is quite confident in XRP’s performance despite its negative performance. While many Ripple (XRP) investors seem to be losing hope after XRP’s poor performance in recent months, Matt Hamilton, former head of Ripple’s developer relations division, is bullish on the cryptocurrency.

Ripple manager: XRP will be $100

According to a post on Twitter, Hamilton confirmed that XRP will one day reach $100. “I don’t do price forecasts. But why can’t XRP reach $100 at some point? Just a matter of time. “If you said that in 2009 Bitcoin would hit $60,000, they would laugh at you,” he said. Hamilton, the current Director of Developer Relations at Bittensor, held the same position at Ripple between September 2021 and March 2022.

Despite leaving Ripple, Hamilton still considers the cryptocurrency associated with the famous blockchain company and its infrastructure. Hamilton made his XRP prediction after a Bitcoin owner slammed a Ripple enthusiast for suggesting XRP would hit $100 in a video. The Bitcoin enthusiast said that XRP will not reach $100 because the cryptocurrency is a “literally worthless attempt at a centralized database.” However, Hamilton presented a defense in favor of his former employers and did not condone negative comments about the popular blockchain company, using the following statements:

Centralized database? Okay, so future ratings are subjective and no one has a crystal ball. But pretending you don’t know the difference between a Blockchain and a centralized database won’t help you assess things. XRP Ledger is decentralized.

Ripple’s legal battle with the SEC continues

XRP has fallen significantly from the all-time high of $3.40 recorded on January 7, 2018. As we reported, the cryptocurrency took a huge hit after the United States Securities and Exchange Commission (SEC) accused the Blockchain company of running an unregistered securities offering in the United States. Meanwhile, many people believe that XRP’s performance depends on the outcome of the case, which is expected to end no later than March 31, 2023.

According to some, if the outcome of the lawsuit is in favor of Ripple, XRP will be listed on many exchanges in the United States and its price will increase enormously. However, if the result does not play in favor of the Blockchain company, some investors expect a drop in the price of XRP. As of this writing, XRP is changing hands at $0.40, up 3.7%. XRP, which ranks seventh with a market capitalization of $19.7 billion, has gained 4.9% in the last 7 days.

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