XRP falls 7% in 24 hours after Schwartz’s price update

Ripple Chief Technology Officer David Schwartz recently attracted attention on social media following a lighthearted response to questions about XRP’s price outlook. Amid persistent calls from community members for strategies to boost the token’s value, Schwartz opted for a straightforward update. He reported that XRP was trading at “around $1.30 or so, up 2.4% in the past 24 hours.” The comment drew amusement from cryptocurrency commentator Digital Asset Investor, who noted Schwartz’s wit in the exchange. Recent days have brought increased scrutiny for both David Schwartz and Ripple CEO Brad Garlinghouse. Members of the XRP community and crypto commentators have questioned XRP’s centrality within Ripple’s business model, especially as RLUSD transaction volumes rise. Concerns have surfaced over whether Ripple’s growing payments activity truly benefits XRP holders.

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