Former Ripple CTO Sold XRP at $0.10; Twitter Row Sparks Debate on Price Expectations
A public exchange on X between former Ripple CTO David Schwartz and crypto user “Crypto Bitlord” reignited debate over XRP price expectations and the responsibilities of prominent industry figures. An XRP holder urged Schwartz to publicly rule out $50–$100 targets to curb retail investors’ unrealistic hopes. Schwartz declined, saying he wouldn’t categorically dismiss high price targets despite finding them unlikely, citing past market surprises and admitting he sold some XRP around $0.10 when prices felt unreasonable. Crypto Bitlord responded angrily, criticizing Schwartz for reducing exposure at early price levels and declaring the project a failure. The spat highlights how comments from influential insiders can affect investor sentiment and underscores ongoing tension in the XRP community between optimistic long-term targets and cautious realism. (Primary keywords: XRP, David Schwartz, Ripple. Secondary/semantic keywords included: XRP price, retail investors, investor sentiment, crypto community.)
Neutral
The exchange is primarily about public commentary and sentiment rather than new fundamentals, partnerships, regulation, or product changes that would drive price materially. Schwartz’s admission of selling XRP at around $0.10 and refusal to categorically dismiss high price targets can create short-term volatility as retail traders react emotionally, but it lacks the concrete supply/demand drivers (e.g., listings, ETF approvals, major on-chain movement, or regulatory rulings) that typically produce sustained bullish or bearish trends. Historically, influential figures’ comments have caused temporary swings (e.g., tweets from executives driving intraday moves), but markets usually revert once substantive news emerges. Therefore the expected market impact is neutral: possible short-term sentiment-driven price movement and increased social-media chatter, but no clear directional catalyst for sustained trend change unless followed by material events.