Ripple's David Schwartz Downplays XRP Price Influence as Token Trades Near $1.16
Former Ripple CTO David Schwartz said on X on November 7 that he has "probably not nothing" but "very little" influence over XRP's price, as the token traded near $1.16. Separate reporting says he sold significant XRP and Bitcoin holdings over the years, which he attributes to personal risk management rather than doubts about XRP's future.
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Schwartz Addresses Price Criticism
David Schwartz, Ripple's former chief technology officer, said on November 7 that his influence over XRP's price was limited but not zero. Responding to an X user who asked whether he could claim no responsibility for holder anger, Schwartz wrote: "Can I honestly say that I have nothing to do with the price of XRP? I guess probably not nothing. But very little." The exchange did not identify any specific action by Schwartz or any new Ripple policy tied to the token's decline.
Complaints About Off-Topic Replies
The exchange followed a separate complaint from Schwartz about users who followed him into unrelated conversations to post fraud accusations, insults or XRP promotions. He said such replies disrupted the conversations of the people he was addressing and their followers. He said he has blocked accounts engaging in this behavior, whether the replies were supportive or hostile, while stating he has no objection to substantive criticism posted in relevant threads. Previously blocked users may request reinstatement if they agree to stop.
XRP Market Backdrop
According to market data cited by Crypto.news, XRP traded around $1.16 on November 8, down about 1% over 24 hours and 7.35% over the week. The token fell 17.17% over the past month and 49.78% over the past year, and remains well below its July 2025 all-time high of $3.65. Market capitalization was near $73.61 billion, placing XRP fifth among cryptocurrencies, with roughly $865.6 million in 24-hour trading volume.
Reported Personal Sales
Bitcoinist reported that Schwartz has disclosed significantly reducing his XRP and Bitcoin holdings over the years. Its coverage frames his explanation as personal risk management rather than a judgment that XRP lacks long-term prospects. The two reports do not describe the same disclosure in detail: Crypto.news focuses on his November 7 comments about influence and does not address the holdings, while Bitcoinist's summary does not include the specific amounts or dates of the sales. Readers should treat the characterization of his motives as Schwartz's own account, as reported by Bitcoinist, rather than an independently verified finding.
Why It Matters
For Traders
XRP's roughly 7% weekly decline and $1.16 level are the concrete market facts here; commentary from one individual, even a former executive, is unlikely to move price on its own.
For Investors
Public statements by former insiders about their holdings and influence can shape holder sentiment, which matters for assessing governance and communication risk around XRP.
For Builders
Ripple-adjacent community friction over moderation and off-topic promotion suggests teams should plan clear channel policies for executive and developer accounts.
This article is for information only and is not financial advice. Read the full disclaimer.
