**Ripple CTO Reveals Painful Truth About XRP's $3.84 'ATH'**
đ¨ **XRP's $3.84 "ATH" â Not What You Think!** đ¨
In a surprising revelation, Ripple's CTO **David Schwartz** cleared up the confusion about XRP's alleged all-time high of $3.84, achieved in January 2018. Despite widespread media reports, **Schwartz confirmed** that this price level was inflated due to "Korean exchange rates," also known as the **Kimchi premium**.
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**Hereâs the Truth**:
- đ **Korean Exchange Rates**: Schwartz explained that the reported $3.84 was based on rates in South Korean exchanges, where crypto prices often surge above global levels due to local demand.
- đŹ **XRP Couldnât Actually Be Sold for $3.84**: The CTO emphasized that **XRP was never actually traded at that price**; the inflated value was only due to these skewed exchange rates.
- đ **The Kimchi Premium**: This phenomenon refers to the tendency for cryptocurrencies to trade at higher prices in South Korea compared to other regions, which artificially boosted XRPâs price in 2018.
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**XRP Price Surge: A New ATH on the Horizon?**
XRP has made waves recently, surging **16% to $3.19** in the last 24 hours. With rumors circulating that the **SEC** may drop certain crypto cases after **Gary Gensler's departure** as SEC chairman on January 25, **XRP is making a serious run** toward its past highs â but this time, the price could be much more legitimate.
đ **Current Price**: As of now, XRP is trading around **$3.10**.
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**Why Does This Matter?**
Schwartz's clarification sheds light on the **real price action** of XRP and dispels the myth of a $3.84 ATH. However, with the recent rally and potential regulatory shifts, XRP could be primed for an even more legitimate breakout. Keep an eye on this one! đ
#Ripple #XRPATH #CryptonewswithJack #XRPPricePrediction #DavidSchwartz $XRP
