Key Takeaways
- Crypto analyst ChartNerds believes XRP could eventually reach $27,
- Former Ripple CTO David Schwartz highlighted growing use cases for the XRP Ledger.
- Schwartz has previously pushed back on predictions that XRP could reach $50-$100.
Ripple’s former chief technology officer, David Schwartz, has highlighted growing real-world applications for XRP ahead of the company’s annual Swell conference.
The positive sentiment towards Ripple’s XRP Ledger comes as analysts have revealed a fresh outlook suggesting XRP’s price could eventually climb toward double-digit targets.
Schwartz Points to Growing XRP Ledger Use Cases
On Wednesday, Schwartz highlighted the expanding range of applications built on the XRP Ledger in a post on X promoting Ripple’s upcoming Swell conference.
“I hear this will be the largest @RippleSwell yet. I wouldn’t miss it,” Schwartz wrote.
Adding: “The best part of these events is always seeing the new ways people are using XRP and building on the XRP Ledger.”
He said that he was looking forward to discussions around “core use cases around payments, tokenization, interoperability, DeFi, AI, and whatever comes next.”
It comes after Ripple CEO Brad Garlinghouse recently predicted Ripple would reach a $1 billion annualized revenue run rate by the end of 2026.
The comments highlight Ripple’s continued efforts to position itself as a financial infrastructure provider rather than a company entirely focused on XRP’s market performance.
This divide continues to cause concern in long-time XRP holders.
Supporters argue Ripple’s expanding payments, stablecoin, and infrastructure businesses could boost XRP demand over time.
Skeptics, however, question whether broader adoption alone can justify the lofty price targets often promoted within the community.
ChartNerds Sees Potential XRP Price Path Toward $27
Earlier this month, crypto analyst ChartNerds said XRP could eventually reach $27.
In a post on X on June 8, the analyst argued that XRP may be approaching a long-term cycle bottom based on historical market patterns.
“Historically XRP bear markets typically last 400-790 days with 85-96% drops,” ChartNerds wrote.
“In 2026, we’ve only corrected for about 350 days, and are down just 71% from the July 2025 ATH.”
According to the analyst, both the duration and severity of XRP downturns have diminished over successive market cycles.
“…therefore the territory for marking a historical bottom between now and EOY is fast approaching,” the analyst said.
While acknowledging that an immediate rebound may be unlikely, ChartNerds suggested a market bottom could be forming.
The analyst also argued that any eventual cycle low could be followed by an accumulation phase before a larger price rise.
“…which will lead to the likelihood of a typical accumulation phase before a major repricing toward FIB extension targets of $8/$13/$27 in the coming years.”
The forecast is based on Fibonacci extension analysis, a technical method traders use to identify potential future price targets.
It’s important to note that these projections remain highly speculative and depend on broader market conditions.
Schwartz Against $100 XRP Price Forecasts
Schwartz’s recent focus on utility follows earlier comments in which he cast doubt on some of the more ambitious XRP price predictions circulating within the community.
Responding to speculation that XRP could reach between $50 and $100 per token within the next few years, Schwartz said he was uncomfortable endorsing such forecasts.
“I don’t feel comfortable saying something like that,” Schwartz wrote on X in January.
“While I don’t think it’s likely, I didn’t think it was likely that XRP would ever hit $0.25.”
The Ripple executive said his own experiences had taught him that crypto markets can be highly unpredictable.
“I started selling XRP at $0.10 because it seemed insane. I remember when Bitcoin hitting $100 seemed like an impossible dream,” he said.
In a follow-up post, Schwartz argued that current market prices usually accurately reflect investors’ beliefs.
“If many rational people believed that there was a 10% chance that XRP hit $100 within a few years, they definitely wouldn’t sell very much today at much less than $10,” he wrote.
He added that the fact XRP remains well below $10 shows “there aren’t very many people who really think it has a 10% chance of hitting $100 within a few years…”
He concluded: “So anyone who says otherwise is not telling the truth.”
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
