Ripple’s Chief Technology Officer, David Schwartz, recently spoke up to clear the confusion surrounding XRP’s all-time high. CoinMarketCap shows the high as $3.84, while other sites like Coingecko list it at $3.65 — a level XRP has recently touched.
According to Schwartz, the $3.84 value comes from trades made on Korean exchanges, where XRP was paired with the South Korean Won. However, the USD conversion at the time was affected by what’s known as the "Kimchi Premium" — a pricing discrepancy that often leads to inflated crypto prices in South Korea due to local demand.
Even with this inconsistency in historical pricing, many analysts remain optimistic. There’s growing confidence that XRP could soon surpass its previous high, and some even suggest it might reach double digits before the end of the month.