Ripple CTO Emeritus David Schwartz said a resurfaced 2017 XRP comment was misread as a price guarantee and rejected claims that Ripple secretly controls large hidden XRP holdings.
Ripple CTO Emeritus David Schwartz said a resurfaced 2017 post in which he wrote that XRP could not remain “dirt cheap” should not be interpreted as a promise or guarantee about price. He pushed back on the community’s reading of the comment and separately dismissed claims that Ripple holds undisclosed XRP that could be used behind the scenes to influence the market. The remarks add to his earlier position that it is difficult to argue Ripple can simply drive XRP higher and that the company has publicly explained its strategy rather than hiding a broader conspiracy.