Ladies and gentlemen, step right up to the crypto carnival, because in this corner we have David Schwartz-CTO Emeritus, hat tip to the man who wears more titles than a Broadway bellhop. He’s here to remind us that the XRP rollercoaster has more twists than a pretzel factory, and yes, he’s also the one who says, “No, the world isn’t ending-just the price promises.” The 2017 post about XRP not staying dirt cheap isn’t a prophecy, he says, it’s a lesson in liquidity and how price and volume do the tango with a lot of flair and a little spandex.
- The 2017 post stated XRP could not stay “dirt cheap” if it handled large global transaction volumes, but Schwartz says the comment was about how liquidity needs and transaction value relate.
- Schwartz said he considered deleting the post but decided against it, saying removing it would create more confusion rather than less, and that it continues to be taken out of context years after it was written.
- On May 1, Schwartz separately dismissed the idea that Ripple retains a hidden tool to spike XRP’s value, saying that argument was once barely plausible but is now impossible to sustain given how much time has passed.
On X, the controversy reared its head again like a caffeine-fueled plot twist. A user accused Schwartz of misleading XRP holders and of having a secret “magic switch” up his sleeve. Crypto.news reminded us-the original post argued XRP could not be dirt cheap if it were powering huge, world-spanning transactions. Schwartz explains: the post is about market mechanics, the kind of economics that would bore a professor and delight a vaudeville audience alike. If XRP trades at $1, you need a million tokens to move a million dollars; if XRP trades at $1,000,000, you still move the same value with one token. The number of tokens demanded changes with price, but the underlying show-the transaction capacity-does not.
And about deleting it? No sir! He says deleting the post would remove useful context and add more confusion to an already chaotic carnival ride. When the topic of Ripple’s alleged hidden lever to push XRP higher comes up, Schwartz is blunt. “Maybe there was a time when you could semi-plausibly argue that Ripple had an easy way to shoot up the price of XRP massively for good but was just waiting for the right time,” he wrote on X on May 1. “But boy, it’s hard to argue that today.” He even tosses a market question into the audience: “If there were a few very rich, very rational people who truly believed there was a 1% chance that XRP could reach $10,000 in 10 years, they would bid the price of XRP at least at $20 today. Why aren’t they? Conspiracy?”
Crypto.news also notes Schwartz’s stance on NDA chatter with banking partners. He’s not conjuring up some clandestine government XRP adoption plan; he calls those agreements standard commercial confidentiality. As the wires tell us, Schwartz stepped back from the daily CTO gig at the end of 2025 and now holds a CTO Emeritus position and a board advisory role, though he remains one of the most colorful, direct communicators in the XRP ecosystem on X. At the time of his latest posts, XRP was trading near $1.38, and the popcorn was still popping in the metaphorical cinema of crypto.
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2026-05-02 13:10