XRP Price Prediction: Ripple CTO Hints Satoshi May Hold XRP – Is XRP Linked to Bitcoin’s Mysterious Creator?

Price Prediction Ripple XRP
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Schwartz made the remarks before a court in May 2021, when comparing the ownership structures of XRP and Bitcoin.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The XRP price has climbed back to $2.27 today, with the altcoin returning to this level as the crypto market declines by 2% in the past 24 hours.

XRP is now up by 4% in a week and by 12% in the past fortnight, while also boasting a very enviable 418% increase in the last 12 months.

Its gain today also comes after the XRP community made a big deal this past weekend of resurfaced comments from Ripple CTO David Schwartz, who in 2021 apparently suggested that Bitcoin creator Satoshi Nakamoto “held an enormous amount of XRP” in 2017.

Regardless of the truth of this statement, Ripple remains one of the strongest altcoins in the market, with the possibility of spot-based ETFs pointing to a hugely positive long-term XRP price prediction.

XRP Price Prediction: Ripple CTO Hints Satoshi May Hold XRP

Schwartz originally made his comments before a court in May 2021, yet one XRP holder highlighted the remarks yet again in a tweet from Saturday.

However, while it certainly does say in the shared court transcription that Satoshi “probably” held substantial quantities of “XRP,” it’s very likely that this transcription made an error, and that “held an enormous amount of XRP” should read “held an enormous amount of BTC.”

The reason for this is that Schwartz was answering questions regarding the differences between XRP and BTC, with particular reference to ownership and token distribution.

While admitting that Ripple controlled “a lot of XRP,” Schwartz clearly intended to suggest that Bitcoin also witnessed some significant concentration of ownership.

Witness his final sentence in the tweet above: “It’s hard for me to say, like to compare them at that point in time.”

Other commentators have picked up on this, so it seems very unlikely that Schwartz has ever claimed that Nakamoto holds XRP, let alone an enormous amount of the token.

That said, this doesn’t really change XRP’s fundamentals and future potential, with the coin’s chart today showing an ongoing recovery in momentum.

XRP price chart.
Source: TradingView

Its RSI (yellow) has risen above 50 in the past couple of days and looks ready to go higher, while its MACD (orange, blue) is also about to turn positive for the first time since late May.

And given that as many as ten XRP ETFs are on track for approval from the SEC later this year, we could see a big recovery in the coming months.

The XRP price could hit $2.50 by the end of August and $3.50 by the latter weeks of the year.

Automated Sniping Bot Snorter Raises $1.4 Million in Presale: Is This the Next 100x Meme Coin?

If XRP is a little too major or obvious for some traders, then there are newer coins to investigate.

Some of these are presale coins, which in the best cases can rally big after generating lots of momentum during their sales.

One token doing that right now is Snorter (SNORT), an Ethereum- and Solana-based token that has now raised $1.4 million in its ongoing ICO.

The reason for Snorter’s success so far is that it’s preparing to launch an automated sniping bot, one which will enable users to make trades ahead of the market.

By making use of AI and market data analysis, Snorter will be able to detect early moving coins before they explode.

Other features will include copy trading, atomic swaps, limit orders, and protection against rugpulls and honeypot scams.

This arguably makes Snorter the most comprehensive trading bot in crypto, which perhaps explains why its presale is already taking off.

Its native token SNORT will be necessary to gain access to its features, while holders will also be able to stake it.

Investors can buy it now by going to the Snorter website, where SNORT costs $0.0973.

This price will rise every few days until the sale ends, so buyers should move quickly if they want to secure the biggest possible profits.

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