In early this month, Bitcoin bull Tim Draper responded to a question concerning the future of XRP, the third-largest cryptocurrency by market capitalization. He remarked “calling Ripple developer actions wrong is impossible”.
On October 5, 2019, a question was asked on Quora that reads “If I buy Ripple (XRP) now in October 2019, when will I get the most profits possible”?. The question was answered by 5 Quora users wherein one response goes by name Timothy Draper who appeared to be Tim Draper, Bitcoin bull investor ( by referring to the details mentioned in his profile).
He referred to the growth of Bitcoin with the Ripple’s XRP and said: “Looking at the three-time growth of Bitcoin over the past 5 months, one would expect a similar result from XRP”. Although XRP is bleeding its value from quite some time now, in fact, the token is currently valued at $0.27 against USD – the prediction of Tim Draper says “this calm before the storm is just an indication of the explosive growth”.
The period of market decline is over and in the near future, we will expect growth and a favorable mood to enter the market. However, things are not so simple with Ripple.
However, Ripple is the parent company behind XRP but its lead executives have often assured the crypto community with a statement that the token (XRP) is completely decentralized and is being run on a decentralized XRP ledger (XRPL). On the other hand, the aggressive XRP bag-holders have often criticized Ripple by claiming that Ripple is dumping a significant number of XRP tokens quarter over quarter. As a result, Ripple has recently released its Quarter 3 report and disclosed that the volume of XRP sale for Q3 has been radically reduced. It mentioned the sale of XRP decreased by 74% to $66.2 million in Q3.
Nevertheless, Tim Draper’s answer sounds as he is supporting the effort of Ripple, the company behind XRP. He wrote, “To call Ripple developers actions wrong is impossible” and continued stating;
The company is actively developing, expanding the sphere of influence, enlisting the support of large financial institutions and constantly improving the technology of transfers, Tim Draper answered, adding, Everything indicates that the current situation, only the calm before the storm, in our case, before the explosive growth.
Image Source – Flicker @JD Lasica
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