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Ripple CTO Debunks XRP’s All-Time High Myth: The Real Numbers Revealed
As XRP continues to make headlines with recent surges, the crypto community is once again debating its true all-time high. With recent price action nearing $3.66, some investors wonder: Has XRP finally broken past its peak?
Many still reference the widely circulated figure of $3.84, claiming that XRP is still short of its historical top. However, Ripple’s Chief Technology Officer, David Schwartz, has stepped in to clear up the confusion — and the numbers might surprise you.
In commentary dating back to April 2023 and reiterated recently, Schwartz emphasized that prices above $3.30 were largely distorted. Why? Much of the data originated from South Korean exchanges, which used unrealistic conversion rates from KRW (Korean won) to USD. These inflated exchange values led to XRP prices appearing higher than they truly were on global markets.
According to Schwartz, very few — if any — traders actually purchased XRP above $3.30, unless they happened to buy during extremely brief price spikes. He estimates XRP’s true all-time high lies somewhere between $3.30 and $3.50, not the $3.84 or even higher numbers that have circulated.
This discrepancy is linked to the “Kimchi Premium” — a phenomenon where crypto assets often trade at elevated prices on South Korean platforms due to local demand and financial restrictions. During the 2018 bull run, this premium caused some XRP values to convert as high as $4.40 in USD terms — but these weren’t representative of global market activity.
> 🧠 Bottom Line: According to Ripple’s CTO, XRP’s legitimate ATH is closer to $3.30–$3.50, not the inflated values often referenced online.
📊 Know what you’re looking at — and always dig into the data.
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