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Chief technology officer at Ripple Labs and co-creator of XRP Ledger David Schwartz has stirred the crypto community with his recent tweet about the Ripple-affiliated XRP token.
Schwartz posted a video showing a car trying its best to get past a big truck. It was a repost from another account with the comment made by the Ripple CTO, "XRP fixes this."
An inflow of comments from the XRP army followed, including major XRP-focused accounts, where users began to post laughing emojis, comparing the speed of an accelerating car to the potential XRP price.
XRP fixes this. https://t.co/BjZkIb7aSO
— David "JoelKatz" Schwartz (@JoelKatz) August 21, 2023
The XRP army has demonstrated that despite the current drop in the token's price, they remain optimistic and bullish on XRP's future.
Whales secretly accumulate billions of XRP
Recently, Santiment on-chain data vendor reported that large XRP wallet owners continued to accumulate massive amounts of XRP. These 221 wallets, which previously held between 10 million and 1 billion XRP, now hold 16.13 billion XRP tokens in total. That amount of XRP is worth a staggering $8.1 billion.
This accumulation was a likely driver that pushed the XRP price up 6.5% over the weekend. However, since then, the price has again dropped by 5.4%, leaving XRP to trade at $0.51762, unable to push through the resistance level.
Alex Dovbnya
