Schwartz responded to criticism from community members on X, where some long-time holders questioned whether Ripple's business expansion and the growth of its RLUSD stablecoin were translating into benefits for XRP investors.
David Schwartz Says There Is No Hidden XRP Strategy
The discussion began after a long-time XRP holder called on Schwartz and Ripple CEO Brad Garlinghouse to respond to dissatisfaction within the community. The user urged the company's leadership to address investor anger and questioned whether loyal holders would ever see meaningful rewards, describing the situation as a series of promises without results.
Responding to the criticism, Schwartz rejected the suggestion that Ripple was withholding a secret strategy for XRP. He said the company's plans had been discussed publicly and regularly.
“There’s no secret plan we aren’t telling you about,” Schwartz wrote. “We talk about our plans constantly.”
Another community member raised questions about transparency surrounding actual XRP usage. The user pointed to Ripple's efforts to expand the XRP Ledger internationally and asked why XRP's market price had not followed the growth of RLUSD.
Why XRP Price Remains Tied to the Wider Crypto Market
Schwartz explained that XRP currently moves primarily in response to broader cryptocurrency market conditions. In his assessment, developments directly related to the token and the XRP Ledger have a secondary influence on its price.
He referred users to a discussion he published in January 2023, where he had expressed a similar view. At the time, Schwartz described the explanation as his personal interpretation of market behavior, acknowledging that he could not prove it but believed it was consistent with the available evidence.
His latest comments suggest that Ripple's corporate progress and developments across the XRP Ledger do not necessarily translate into immediate price gains for the token, particularly when wider market movements remain the dominant influence.
Schwartz Says Higher XRP Prices Would Improve Payment Efficiency
The discussion also turned to XRP's potential role in facilitating large payment transactions across the ledger. Asked whether a higher token price would be beneficial for handling substantial payment volumes, Schwartz agreed that a higher valuation would help.
“The higher the price, the better,” Schwartz said. “A higher price would tend to mean liquidity is more cost-effective and slippage is less.”
His explanation focused on the relationship between token value, liquidity and transaction execution. When each XRP carries a higher value, larger transfers can potentially be completed with less price impact, making the asset more efficient as a bridge for moving funds.
Ripple Executive Maintains XRP Should Benefit From XRPL Success
Despite acknowledging that XRP's price is largely driven by the broader market, Schwartz reiterated his belief that the token should benefit if the XRP Ledger achieves significant success.
“I really do think it’s hard to believe we will end up in a world where XRPL is successful but $XRP fails to capture a good fraction of that value,” Schwartz wrote.
When asked to respond more directly to the community's dissatisfaction, Schwartz said he was unsure what additional explanation he could provide. He characterized the frustration as an opinion formed by interpreting a broad set of facts, noting that other people can examine the same information and reach different conclusions.
“I’ve talked about what the facts are, what opinions I form based on them, and why,” Schwartz said.
The exchange highlights the continuing debate among XRP holders over the relationship between Ripple's business development, XRP Ledger adoption and the market value of the token. Schwartz's position is that broader market conditions currently have the greater influence on XRP's price, while successful XRPL development should ultimately create value that the token can capture.
source: coinpedia
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
