Ripple’s Chief Technology Officer, David Schwartz, shocked many in the crypto community after making it clear that the company is not obligated to act in the best interests of XRP holders.
Schwartz made these comments in response to concerns about Ripple’s ongoing token sales, and they have intensified the debate over the company’s influence on the XRP market.
100% correct. IMO, Ripple can, will, and should act in its own interest. You should not expect Ripple to act in your interest to the detriment of its own interest or those of its shareholders.
— David "JoelKatz" Schwartz (@JoelKatz) March 4, 2025
While some argue that Ripple’s sales are necessary for operations, others fear that a consistent XRP selloff could negatively impact prices.
Ripple’s Approach to XRP Sales
Schwartz’s remarks came after Pierre Rochard, vice president of research at Riot Platforms, warned that Ripple is not obligated to support XRP’s value. Rochard argued that the company is free to sell its holdings without concern for investors.
Rather than disputing this, Schwartz agreed. “100% correct,” he stated, emphasizing that Ripple acts in its interest, not that of token holders.
Ripple has historically been accused of XRP sell-offs, with many in the crypto community blaming these token sales for the asset’s underperformance. These statements have reignited investor concerns about market stability, especially after XRP’s recent breakout performance.
Although this shocks many investors, crypto experts have urged the community not to depend solely on Ripple to raise XRP’s prices. They pointed to adoption and innovation as better growth drivers.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Dormant XRP Wallets Tied to Chris Larsen
Adding to the chaos, blockchain investigator ZachXBT recently revealed that wallets linked to Ripple co-founder Chris Larsen still hold over $7 billion worth of XRP. These addresses had been inactive for years. They were reactivated in early 2025. Over $109 million worth of XRP was transferred to exchanges in January alone, raising speculation about future sales.
Some argue that Larsen may no longer control these funds, while others worry that if large amounts are liquidated, it could put further downward pressure on XRP’s price. With Ripple already selling tokens regularly, the potential for additional large-scale sales has heightened concerns among traders.
What’s Next for XRP?
Despite the uncertainty surrounding Ripple’s influence over XRP supply, it saw a brief recovery over the past few days. The digital asset is trading at $2.55, up 2.09% over the past 24 hours.
The asset experienced a notable surge following Donald Trump’s announcement that it would be included in the strategic crypto reserve. Despite some turbulence following the announcement, the asset is showing strength again, and experts have high expectations for it in the short and long term.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
