Uphold, the top American exchange in support of XRP, has clarified recent rumors claiming that CEO Simon McLoughlin predicted XRP would hit $10,000.
The official X account of Uphold addressed this issue a few hours ago, following concerns raised by prominent XRP community member Crypto Eri regarding a report that suggested McLoughlin had forecasted XRP reaching $10,000.
Expressing doubt about such speculative claims coming from a reputable exchange like Uphold, Eri sought clarification. In response, Uphold firmly stated that the alleged claim of XRP hitting $10,000 by its CEO is completely false. The exchange emphasized that McLoughlin has not made such predictions for any asset and has no plans to do so in the future.
Originating from Robert Doyle, also known as “Crypto Sensei,” the idea that XRP could potentially reach $10,000 was repeatedly promoted in various analyses. Doyle suggested that McLoughlin had mentioned that “Every country would soon use XRP,” using this statement to support the theory of XRP reaching $10,000. However, no reference was provided in his video.
The Crypto Basic was only able to verify McLoughlin’s statement regarding the partnership between Ripple and Uphold. Uphold acts as Ripple’s payout partner for treasury payments between multinational companies, specifically serving Ripple’s U.S., U.K., and European clients. McLoughlin expressed enthusiasm about witnessing the practical use of cryptocurrencies and highlighted the exchange’s focus on the utility of crypto rather than speculation.
After Doyle’s claims, crypto journalist Scott Matherson further exaggerated the prediction by publishing an article that incorrectly implied McLoughlin had set a $10,000 target for XRP.
In response to Uphold’s denial of these claims, Crypto Eri has urged the exchange to take additional steps, including advocating for the removal of misleading content from public platforms, especially since other YouTubers have propagated the false narrative.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The opinions expressed are those of the author and do not necessarily reflect The Crypto Basic’s stance. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic bears no responsibility for financial losses.