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Ripple’s CTO Emeritus David Schwartz has said his personal influence on the XRP price is small, after holders pressed him over the token’s performance, crypto.news reported. XRP was trading near $1.16 on November 8, down nearly half over the past year.
The exchange began on X after one user challenged Schwartz over anger aimed at him during the token’s decline. Asked whether he could honestly say he had nothing to do with the price, Schwartz answered that the answer was probably not nothing, but very little, according to crypto.news.
Also readRipple Unlocks 1 Billion XRP from Escrow as Price Holds Near $1.25
Key facts
- XRP traded around $1.16 on November 8, down approximately 1% in 24 hours, 7.35% on the week and 49.78% over the past year, per crypto.news.
- Schwartz made the remark in a November 7 post on X, where he also complained about crypto replies appearing under unrelated conversations.
- He said he has started blocking accounts that follow him across X to accuse him of fraud or promote XRP, whether the posts are critical or supportive.
- XRP’s market capitalisation stood near $73.61 billion, placing it fifth among cryptocurrencies, crypto.news reported.
- Analyst Ali Martinez told Coinpedia that social media sentiment toward XRP had fallen to its lowest level since July.
A limited claim, not a company announcement
Schwartz’s reply addressed the scale of his own influence rather than any change in Ripple’s policy. No specific action by him was established as the cause of the recent decline, and the discussion did not produce an announcement about the token’s value.
He has faced similar questions before. According to crypto.news, he previously rejected claims that Ripple operated a mechanism capable of sharply lifting XRP’s price, and disputed that a 2017 statement about XRP liquidity amounted to a guaranteed price forecast. He stepped back from day-to-day duties as chief technology officer at the end of 2025.
Also readXRP Holds Near $1.33 Ahead of Ripple Swell 2026 in New York
Blocking spam on unrelated threads
Before the price debate, Schwartz wrote that crypto-related replies were increasingly landing beneath his comments on topics that had nothing to do with the token. Some accused him of fraud or called him a scammer; others simply promoted XRP. He said the interruptions pushed unwanted notifications to the followers of the people he was speaking to, and that some of those users had blocked him as a result.
He drew a distinction between disruption and criticism. Schwartz said he has no objection to users questioning his conduct or accusing him of wrongdoing when the comments carry substantive points and appear in relevant threads, and encouraged critics to start their own threads or reply directly to his crypto posts. U.Today reported that he offered to unblock anyone who agreed to stop, even those who, in his words, absolutely hate him.
Coinpedia reported that the suggestion of a weekly thread for newcomers led Schwartz to open a thread where people could promote XRP and XRP Ledger projects, along with other crypto and non-crypto ventures.
Momentum stays weak as sentiment sours
crypto.news put the daily Relative Strength Index at 31.24, close to the oversold threshold of 30, with the Moving Average Convergence Divergence negative at -0.0474 and no bullish crossover. Trading volume over 24 hours was around $865.6 million, and the token moved between $1.15 and $1.17.
Coinpedia reported XRP near $1.19 on November 7, having fallen more than 7% earlier in the week, and cited analyst Ali Martinez saying online chatter had turned sharply negative. Martinez said XRP may be forming an inverse head-and-shoulders bottom, with a neckline he had earlier placed at $1.60 and a break above it pointing to $2.10. The token sits well below that level.
Why it matters
The episode shows how much of XRP’s public debate now runs through one former executive’s social media feed, even after he left day-to-day duties. For holders, frustration is compounding: the token is far below its July 2025 all-time high of $3.65, and sentiment measures cited by Coinpedia have reached their weakest since July. Schwartz’s refusal to accept blame for the price, while still engaging with the community, defines the boundary Ripple veterans are drawing between advocacy and accountability.
What to watch
Traders will watch whether XRP holds support near $1.15 or slips toward $1.10, and whether it can reclaim $1.20 to bring the $1.30 area back into view. Martinez’s chart pattern depends on a break above $1.60. The forward-looking levels cited by analysts are not financial advice, and crypto markets are volatile and uncertain.
Sources: crypto.news, Coinpedia, U.Today
