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Ripple CTO David Schwartz’s cryptic tweet about a "10x times" increase has sparked speculation within the XRP community about the token's future price potential.

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David Schwartz’s "10x Times" Tweet Ignites XRP Community Buzz

President-elect Donald Trump met with Crypto.com CEO Kris Marszalek to discuss crypto policies, including a national Bitcoin reserve.

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Crypto.com Drops SEC Lawsuit After Meeting with Trump

Crypto lawyer and Republican John Deaton argued that Elon Musk’s proposed Department of Government Efficiency could bring transparency to government spending, quoting a video that featured American comedian John Stewart. 

Get the latest news and updates on Ripple (XRP), including in-depth analysis, price predictions, and market trends. Stay informed about major developments in the Ripple ecosystem, partnerships, regulatory changes, and technological advancements that impact XRP. Our comprehensive coverage helps you stay ahead of the market, understand the factors affecting XRP’s value, and make informed decisions. 

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XRP Ally John Deaton Says Musk-led D.O.G.E Is Necessary to Cut Government Spending

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Ripple's Chief Technology Officer, David Schwartz, has ignited speculation within the XRP community with a cryptic tweet referencing a "10x increase," coinciding with a significant price rally for the cryptocurrency. As XRP surged nearly 13% over the weekend, discussions among enthusiasts intensified, pondering the implications of Schwartz's message. Meanwhile, Ripple executed substantial XRP transfers, totaling 90 million tokens, further fueling curiosity about the company's strategic moves. As XRP hovers around the critical $2.20 mark, analysts are closely monitoring its potential for recovery amid a volatile market landscape.

Ripple CTO Sparks Speculation in the XRP Community with Cryptic Tweet Amid Major Price Activity

Ripple Chief Technology Officer (CTO) David Schwartz has stirred a buzz within the XRP community following a thought-provoking tweet. The post, which cryptically highlighted a “10x increase,” arrived shortly after XRP, the fourth-largest cryptocurrency by market capitalization, rallied nearly 13% over the weekend. The interplay between Schwartz’s tweet and recent market dynamics has fueled debates over the potential trajectory of XRP’s price.

On Saturday, Schwartz tweeted a photo of a “Pre-Mix Bubble Solution” can, which boasted of “10x times the bubbles.” The Ripple CTO humorously called attention to the tautology in the phrase, suggesting that either “10x” or “10 times” would suffice. While seemingly innocuous, the post sparked a lively discussion in the 

 community, with some speculating whether the tweet hinted at a potential 10x price increase for XRP.

Enthusiasts took to the comments, exploring the possibility of XRP reaching $10 or more in the near future. While Schwartz did not explicitly link the post to XRP’s price action, the timing of the tweet amidst XRP’s recent performance heightened the community’s curiosity.

 made significant XRP transfers over the weekend. Blockchain tracker Whale Alert flagged two substantial transactions totaling 90 million XRP, worth approximately $200 million. The first transfer, containing 50 million XRP valued at $111.7 million, and the second, with 40 million XRP worth $89.6 million, were both sent to anonymous wallets within a single minute.

These transfers follow another weekend flurry of XRP activity, with Whale Alert identifying 182 million XRP moved in chunks of 99.9 million, 52.7 million, and 30 million XRP. The cumulative fiat value of these transfers is estimated at a staggering $411 million. The purpose behind these transactions remains unclear, sparking speculation about Ripple’s strategic intentions.

Key Price Levels for XRP: Analyst Insights

XRP’s recent market activity has drawn the attention of cryptocurrency analysts. Ali Martinez, a prominent crypto trader, highlighted $2.20 as a crucial price level for XRP. Martinez believes that the token must consolidate at this point before attempting to break through the $2.70 resistance level. Conversely, if XRP fails to maintain support at $2.20, Martinez warns that a decline to $1.96 could ensue.

As of this writing, XRP is trading at $2.26, marking a period of sideways movement following a tumultuous week. The token experienced a sharp decline of 28% last week, falling from $2.71 to $1.96 before partially recovering over the weekend.

The juxtaposition of Schwartz’s cryptic tweet, Ripple’s significant XRP transfers, and the token’s volatile price action has created a swirl of speculation among XRP investors. Some interpret the CTO’s “10x times” tweet as an optimistic hint, while others remain cautious, focusing instead on the technical analysis that outlines potential support and resistance levels.

Ripple’s large-scale movements also add to the narrative, with many wondering if the transfers signify preparations for institutional partnerships, market-making activities, or other strategic initiatives.

As XRP hovers at the critical $2.26 mark, its next moves could set the tone for the coming weeks. A successful consolidation at this level might open the door to a rally toward $2.70, while failure to hold support could spell further declines. In the meantime, the XRP community remains watchful, dissecting every tweet, transfer, and chart for clues about the token’s future.

Whether David Schwartz’s “10x times” tweet was a clever observation or a subtle hint of what’s to come, one thing is clear: XRP continues to captivate the cryptocurrency world with its unpredictable moves and vibrant community discussions.

XRP Emerges as the Most Traded Altcoin on Binance Amid Market Volatility

Meanwhile, XRP has solidified its position as a standout performer on Binance this December, emerging as the most traded alternative cryptocurrency on the platform. According to data shared by 

 analyst JA Maartunn, the Ripple-linked token has generated a remarkable $116.6 million in trading volume on Binance Futures, outpacing other altcoins even amid widespread market declines.

Despite a challenging trading environment characterized by substantial price drops for Bitcoin and other altcoins, XRP has managed to maintain a strong presence in the market. Earlier today, the cryptocurrency fell to an intraday low of $2.13, marking a decline of more than 4%, according to CoinGecko. This drop further extends XRP's descent, as the token is now down over 25% from its multi-year high of $2.85, achieved on Dec. 3.

The earlier rally was largely driven by activity from Coinbase whales, who significantly boosted the token’s trading momentum. However, in the wake of this surge, XRP has faced downward pressure, underperforming relative to other major cryptocurrencies.

XRP’s open interest stands at around $1.9 billion, showcasing the token’s robust activity in the derivatives market. Binance accounts for nearly half of this open interest, with $812 million, while Bitget and OKX hold the second and third spots. Recently, XRP generated an impressive $9.6 billion in trading volume, positioning it as the fifth most-traded cryptocurrency globally. It trailed only Bitcoin, Tether’s USDT, Ethereum, and USDC in terms of trading activity.

Notably, during the peak of its December rally, XRP briefly flipped Bitcoin in trading volume on South Korean exchanges, underscoring its immense popularity in the region. This surge in activity was accompanied by a record high in Google search volume for XRP, although the heightened interest proved to be short-lived.

Analysts Remain Optimistic About XRP’s Recovery

JA Maartunn, the CryptoQuant analyst who highlighted XRP’s trading dominance, expressed confidence in the token's ability to recover "relatively quickly" from its current downturn. Despite recent losses, XRP's strong presence in the futures market and its position as a leading altcoin suggest a resilient investor base.

The token’s recovery may also be supported by broader market trends and potential bullish catalysts in the coming years. In 2025, for example, XRP could benefit from the growing buzz around cryptocurrency ETFs in the United States. These developments are expected to bolster institutional adoption and liquidity for digital assets, potentially creating tailwinds for XRP.

As 2024 draws to a close, XRP’s performance underscores both its potential and the challenges it faces in a highly volatile market. The token’s ability to dominate Binance’s trading volume reflects strong investor interest, but its recent price declines highlight the broader market’s fragility.

Moving forward, XRP’s trajectory will likely depend on several factors, including market sentiment, regulatory developments, and its ability to capitalize on growing institutional interest in cryptocurrency. For now, the 

-linked token remains a focal point for traders and analysts alike, as it continues to navigate the highs and lows of the digital asset market.

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The meeting with Trump coincided with Crypto.com’s decision to drop its lawsuit against the SEC in an attempt to align with the incoming administration. Meanwhile, Ohio also proposed a Bitcoin reserve bill after similar initiatives in Texas and Pennsylvania. President Biden backed a congressional stock trading ban after scrutiny over lawmakers’ crypto holdings, while SEC Commissioner Caroline Crenshaw’s renomination faces uncertainty due to crypto-related controversies and political shifts.

United States President-elect Donald Trump recently met with 

 CEO Kris Marszalek at his residence in Mar-a-Lago to discuss policies that could impact the cryptocurrency industry. According to a Dec. 16 

, Marszalek traveled to Florida for the meeting, during which they 

 and discussed potential appointments to his administration that could shape the future of the crypto sector.

The meeting coincided with Crypto.com’s decision to drop its lawsuit against the United States Securities and Exchange Commission (

). On the same day, the exchange voluntarily dismissed its case against the SEC and its commissioners with prejudice, according to a filing that was submitted to the U.S. District Court for the Eastern District of Texas. 

 in October that the exchange planned to file the lawsuit to counter a Wells notice received from the SEC. However, a Crypto.com spokesperson revealed that the case was withdrawn to align with the firm’s intent to collaborate with the incoming administration on regulatory frameworks for the industry.

Since his election victory on Nov. 5, Trump very clearly indicated support for the crypto industry through his proposed appointments. The president-elect named several people with pro-crypto perspectives to key roles, including former PayPal COO 

 as the “AI and crypto czar” and former SEC commissioner 

 in November to discuss potential personnel appointments. These meetings happened after Trump launched his own digital asset initiative, World Liberty Financial, during his campaign.

Donald Trump is not the only person eyeing a Bitcoin stockpile. An Ohio lawmaker recently introduced legislation to establish a 

 in the state treasury, making it the third U.S. state to pursue a Bitcoin reserve in just over a month. 

 proposed HB 703, the Ohio Bitcoin Reserve Act, on Dec. 17. The bill will grant the state treasurer the authority to 

 as part of a broader asset allocation strategy, though it does not mandate these purchases.

Merrin described the initiative as a response to the devaluation of the U.S. dollar, and believes there is a need for Ohio to embrace emerging technology and safeguard tax dollars from losing value. He added that the legislation sets the stage for Ohio to take advantage of 

 to strengthen its finances. He even compared the cryptocurrency to "digital property rights" and called it revolutionary for global economies.

 on Dec. 31, which means that the bill is unlikely to advance before then. Merrin stated that he expects the proposal to serve as a foundation for Ohio’s next legislative session, which begins Jan. 6 of 2025, when it will need to be reintroduced. 

Merrin is a vocal supporter of crypto, and holds a 

 from Coinbase’s Stand With Crypto lobbying arm. He also consistently advocated for policies protecting individuals' rights to own and transact with digital assets.

Ohio’s efforts are similar to initiatives in Texas and Pennsylvania after 

Donald Trump’s presidential election victory

 in November. His win brought renewed attention to Bitcoin's potential role as a 

. Texas Representative Giovanni Capriglione 

 the Texas Strategic Bitcoin Reserve Act on Dec. 12, proposing a five-year holding period for Bitcoin as a state reserve. In Pennsylvania, Representative Mike Cabell 

 legislation in November to permit the state treasury to allocate up to 10% of its holdings to Bitcoin.

Biden Backs Congressional Stock Trading Ban

President Joe Biden recently expressed his support for banning members of Congress from trading 

 while in office by stating that “nobody in the Congress should be able to make money in the stock market while they’re in the Congress.” In an 

 to be released by the labor advocacy group More Perfect Union, Biden shared his thoughts amid calls to prevent potential conflicts of interest among lawmakers.

Although President Biden previously avoided commenting on legislation restricting stock trading for government officials, past proposals gained some renewed traction in Congress. In July, lawmakers from both the House and Senate 

 measures to prevent the president, vice president, and members of Congress from trading or selling various financial assets, including stocks, commodities, and cryptocurrencies. This extends to assets disclosed under the STOCK Act, which was introduced in 2012 to enhance transparency.

Biden mentioned his own practice of relying solely on his Senate salary during his decades-long tenure representing Delaware from 1973 to 2009. While the president largely stayed silent on cryptocurrencies, he did sign an executive order in 2022 to create a regulatory framework for digital assets.

 have intensified following the election of President-elect Donald Trump, who holds large amounts of crypto, including tens of millions of dollars in personal wallets and through his decentralized finance project, 

. As a result of this, critics questioned whether Trump’s 

 and those of his supporters in the crypto industry could influence his policy decisions.

Several members of Congress, including Georgia Representative 

, and Wyoming Senator Cynthia Lummis, have disclosed their own cryptocurrency holdings, which only added to the scrutiny. Lummis is a strong Bitcoin advocate, and also proposed creating a strategic Bitcoin reserve for the United States, a move 

 could drive up the cryptocurrency’s price. 

It is still unclear whether President Biden would support extending a stock trading ban to include Supreme Court justices. While the justices are allowed to trade stocks, they risk potential conflicts of interest if they do not withdraw themselves from cases involving their financial holdings.

Meanwhile, United States lawmakers on the Senate Banking Committee 

 a planned session to consider the renomination of Caroline Crenshaw for a second term as a commissioner at the SEC. According to a Dec. 17 announcement, the committee will no longer meet on Dec. 18 to vote on Crenshaw’s nomination or that of Gordon Ito to the Financial Stability Oversight Council. This reduces the likelihood of Crenshaw’s confirmation before Republicans gain majority control of the Senate in January.

Cancelation of session to consider nominations (Source: 

Crenshaw has served as an SEC commissioner under both incoming President Donald Trump and current President Joe Biden, and her term ended in June this year. She is allowed to continue in her role for up to 18 months beyond her term’s expiration. 

So far, her nomination faced some pushback from crypto interest groups, which labeled her “more anti-crypto” than SEC Chair 

. On the other hand, more than 40 organizations 

 her, arguing that a Trump-led administration is unlikely to appoint any Democratic SEC commissioners.

The SEC’s approach to cryptocurrency regulation and its political composition have been key issues for Trump, who campaigned on promises to 

. Trump even vowed to fire Gensler immediately after taking office and suggested that his administration will adopt a more crypto-friendly stance. Crenshaw’s nomination, if reconsidered by the Republican-led Senate, is still uncertain. If confirmed, she could serve at the SEC until 2029.

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On Saturday, pro-XRP attorney John Deaton 

 on his Twitter/X account a TikTok that featured John Stewart criticizing Pentagon spending captioned “If you think Elon Musk’s and Vivek Ramaswamy’s D.O.G.E isn’t necessary, watch this!”

In a TikTok posted by Conservative Newst Today, Stewart criticized the U.S. Department of Defense for its unmonitored spending despite a colossal $850 billion budget. Speaking in a debate with a smug DOD official, the comedian pointed out the puzzling disparity between the Pentagon's massive budget and the daily struggles of low-ranked service members, some of whom still rely on government assistance to get food on the table.

“We got out of 20 years of war, and the Pentagon got a raise,” Stewart put bluntly. “I can’t figure out how $850 billion to a department means that the rank and file still have to be on food stamps. To me, that’s f*cking corruption.”

John Deaton gained recognition in the crypto community for his support of Ripple Labs and its cryptocurrency, XRP, where he filed an amicus brief on behalf of XRP holders, arguing that the SEC’s classification of the cryptocurrency as a security unfairly harmed retail investors. Deaton is also a founder of CryptoLaw, a legal platform meant to be a one-stop shop for public information, links to news articles, and probing analysis on the regulatory landscape of the US crypto industry. As a Republican candidate in Massachusetts, Deaton tried to unseat staunch crypto skeptic Elizabeth Warren in the 2024 US Senate elections, albeit unsuccessfully. 

While not necessarily warranted against all government agencies, Deaton's frustration at the federal government's inefficacies is at least understandable in the context of his protracted legal battle with the Securities and Exchange Commission. The agency recently sued a US-based crypto project, Dragonchain, alleging that its foundation conducted a $16.5 million unregistered offering of DRGN tokens. 

The court filing indicated the SEC’s readiness to pursue the case despite Chair Gensler’s 

 scheduled for the Inauguration Day on January 20. The incoming SEC Chair 

 is expected to enforce the Trump administration's pro-crypto agenda. 

For context, the Department of Government Efficiency, named after the mercurial billionaire’s favorite cryptocurrency, will be co-led by Elon Musk himself, former Republican presidential candidate Vivek Ramaswamy, and House GOP Rep. Marjorie Taylor Greene. While the “department” in its name may suggest that D.O.G.E will be a full-fledged government agency, President-elect Donald Trump said that it will “provide advice and guidance from outside of government,” suggesting that D.O.G.E. will function more as an independent advisory body. Musk’s role being informal will also allow him to remain the head of his electric car maker Tesla, social media platform X, and rocket company SpaceX without raising inevitable questions about potential conflicts of interest.

D.O.G.E’s primary focus will be to identify inefficiencies in federal spending, pawing the way for the new administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” as per Trump’s statement. The work of the department will conclude no later than July 4, 2026, which is the date of the 250th anniversary of The US Declaration of Independence.

Ripple donates $5 million to Trump’s inauguration

Meanwhile, the US crypto companies, including Ripple, are doubling down on their financial support for Donald Trump, pledging millions to his inauguration celebrations. The three-day-long event will  feature galas, parades, and dinners celebrating Trump's win alongside Vice President-elect JD Vance

, blockchain payment firm Ripple contributed $5 million in XRP tokens. Cryptocurrency exchanges Coinbase and Kraken donated $1 million each, while digital asset payment provider MoonPay vowed to donate an undisclosed amount. 

Interestingly, Ripple’s chairman and co-founder 

 has been one of the top contributors to Kamala Harris’ campaign, donating more than $11 million to the Future Forward PAC supporting her presidency bid. Meanwhile, Ripple CEO Brad Garlinghouse was reportedly one of the first crypto execs to score a one-to-one meeting with Donald Trump days after his win. 

The millions flowing from the crypto firms are just a tiny part of the record-breaking $200 million already raised by the inaugural fund, surpassing Trump’s first term's $107 million and trouncing Biden’s $62 million. A source close to the Trump-Vance inaugural committee expressed confidence that they will be able to reach a $225 milestone by Inauguration Day. 

The big tech joined alongside crypto companies in contributing to the fund, with top business executives such as Amazon founder Jeff Bezos, Facebook's Mark Zuckerberg, Uber CEO Dara Khosrowshahi, and OpenAI's Sam Altman each donating $1 million.

“Amazon donates $1 million while Ripple donates $5M,” John Deaton 

 on X in response to the news. “New era.”

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