Ripple CTO Schwartz Rejects XRP $10,000 Claim, Calls It Hype

Ripple CTO emeritus David Schwartz pushed back on revived claims that XRP could reach $10,000. He said the idea does not align with normal market behavior and that older comments about XRP liquidity and settlement needs were misread as a price promise. Schwartz also dismissed conspiracy theories alleging hidden government or central-bank involvement, calling them “conspiracy theories.” He said Ripple’s non-disclosure agreements are standard business privacy measures and do not prove secret arrangements. On the on-chain escrow debate, Schwartz reiterated that Ripple’s escrow holdings are visible and trackable on-chain. The remarks resurfaced during discussion of a 2017 post. At the time of reporting, XRP traded around $1.37–$1.38, with market cap above ~$84B and 24h volume above ~$1.26B, showing trader attention remains high even as the extreme upside narrative is challenged. For traders, the likely effect is sentiment risk: public skepticism toward a $10,000 XRP target can cool retail expectations and increase volatility around key support/resistance levels, while encouraging more probability-weighted upside scenarios.