David Schwartz Says XRP Holdings Fell 88% From Peak

XRP sits at the center of Ripple’s history, and David Schwartz is one of the best-known figures tied to the XRP Ledger as Ripple’s former CTO and co-creator of the network. His remarks matter because they come from someone long associated with the project’s technical story, even if they describe his personal holdings rather than Ripple’s treasury or operations. The comments also land in a community that closely watches signals from prominent insiders around XRP.

For XRP holders and builders, Schwartz’s disclosure shows that a high-profile longtime figure has materially reduced his own exposure and has not been adding to it for years. That does not change the ledger itself, but it does remove one more assumption people may have made about a visible insider’s alignment with the asset. Developers and traders often read these statements as cues about conviction, even when they only reflect one person’s risk tolerance.

The tension here is between open, public commentary from crypto insiders and the market’s habit of treating those comments as a proxy for endorsement. XRP has long been a token shaped by questions about influence, loyalty and message discipline, so a blunt statement about selling down can carry outsized symbolic weight. At the same time, the disclosure is a reminder that personal portfolio choices do not automatically map to a project’s technical health or legal standing.

Still open is the timing of the sales and how the reduction happened over time, since the disclosure did not say when the tokens were sold. What would settle that question is a fuller transaction trail or a more detailed account from Schwartz about the sequence of disposals. Until then, the public record only shows the before-and-after position and his statement that he has been out of XRP purchases for years.

XRP fell 0.6% in the 4 hours after the first headline, after falling 0.5% in the 2 hours before.

28 prices, one every 30 minutes