Ripple’s CTO emeritus David Schwartz responded to angry XRP community members on X, stating that the token’s price is largely influenced by the broader cryptocurrency market rather than specific Ripple initiatives.
No hidden roadmap
When users asked Ripple CEO Brad Garlinghouse or Schwartz to explain a “real plan” for XRP, Schwartz replied that Ripple regularly discusses its strategies and that there is no secret plan being withheld from the community.
Market dynamics dominate
Schwartz emphasized that while Ripple’s rollout of its ledger and the RLUSD stablecoin may have some impact, the primary driver of XRP’s price is overall market sentiment. He described this view as a personal assessment rather than a provable fact.
Price and liquidity
Addressing a question about whether a higher XRP price is needed for better liquidity on the ledger, Schwartz agreed that a higher price would improve cost‑effectiveness and reduce slippage.
Recent Ripple milestones
Ripple has recently achieved several milestones, including obtaining a national trust bank charter and receiving an investment‑grade rating for its RLUSD stablecoin. The company also reported growth in euro‑stablecoin usage in Europe, rising from roughly €50 million to €450 million since early 2024, with banks such as BBVA and DZ BANK using Ripple Custody services.
Community expectations
Some community members suggested Ripple should find broader use cases for XRP beyond paying network fees. Schwartz noted that no expert has indicated that XRP’s role as gas would significantly boost its price, but he expressed confidence that a successful XRP Ledger would eventually capture a substantial share of its value.
