'I Sold 2.5 Million XRP': Ripple Vet David Schwartz Rebuts Critics With Tax Proof

David Schwartz is a long-time Ripple figure, and his XRP sales now sit inside a wider debate about how insiders handle large token holdings. A public tax disclosure gives a concrete record of realized gains, which is different from vague claims about market behavior. The dispute lands in a space where former executives, founders, and early holders are often scrutinized for how they move out of positions. For Ripple’s community, the point is not just what was sold, but how the sale is explained and documented.

For XRP holders and builders, the immediate effect is a fresh reminder that prominent figures can reduce exposure while still speaking positively about the asset. That can separate personal portfolio management from public conviction, but it also keeps attention on how much influence a few well-known names still have over token narratives. The episode shows the tension between transparency and suspicion in crypto communities, where insider sales are often read as a signal even when the seller frames them differently. It also shows how quickly a disclosure can shift from tax paperwork into a broader argument about conviction and loyalty.

XRP’s place in the market remains tied to a comparison with Bitcoin that is as much narrative as analysis. Bitcoin is the established benchmark, while XRP is still discussed through the lens of utility, distribution, and Ripple’s history with the token. Keeping the question of whether XRP could ever overtake Bitcoin in view highlights how crypto arguments often mix fundamentals with status competition. The tension is between a mature reserve asset and a token whose advocates still argue for a much larger role.

Still open is how many XRP sales Schwartz made over time, beyond the total he disclosed, and what full documentation would show about the timing and structure of those disposals. Also unresolved is whether his bullish view on XRP changes how other holders interpret his exit from part of the position. The story leaves open how much weight the market will give to one former Ripple executive’s public stance versus his actual selling activity. A fuller timeline of the sales and any further comments from Schwartz would settle those points.

XRP rose 1.2% in the 4 hours after the first headline, after falling 0.1% in the 2 hours before.

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