David Schwartz Rejects Overblown Claim of Control Over XRP Prices
Ripple's former CTO said his role has had little bearing on XRP's market performance while acknowledging that his influence is not zero.
Ripple's former CTO said his role has had little bearing on XRP's market performance while acknowledging that his influence is not zero. XRP (XRP) is trading at $1.16. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Sun, 08 Nov 2026 09:45:03 UTC.
The statement draws attention to the limits of any one executive's ability to direct XRP's price in a broad crypto market, particularly as the token trades lower over the past week.
- Schwartz disputed claims that he controls XRP's price performance
- He described his influence as minimal, though not nonexistent
- XRP trades at $1.16, down 1.13% over 24 hours
- XRP has fallen 7.22% over seven days
- Ripple's David Schwartz Advocates for XRP Over Ethereum and Solana in Banking
- XRP Veteran David Schwartz Objects to Persistent Spam on His Posts
- David Schwartz Rejects Overblown Claim of Control Over XRP Prices — this brief
Ripple's former chief technology officer, David Schwartz, has rejected the characterization that he is responsible for 
XRP's weaker price performance. According to U.Today, he acknowledged that his influence over the cryptocurrency's price is not entirely absent, but described that influence as minimal.
No other outlet supplied in this report corroborated Schwartz's remarks or provided additional figures, questions, or supporting context. The available coverage therefore presents his position as a response to accusations rather than a broader industry consensus.
The claim comes as XRP remains under pressure in the wider crypto market. The token is valued at $1.16, with a market capitalization of $73.82 billion, and has declined 1.13% over the past 24 hours and 7.22% over seven days. 
Bitcoin was also down 0.33% over 24 hours, while the total crypto market capitalization stood at $2.61T and the broader market was flat.
The market backdrop shows a subdued risk environment, with the Fear & Greed index at 28, placing sentiment in the “Fear” category. Schwartz's remarks matter chiefly because they challenge the idea that an individual Ripple executive can be treated as the determining force behind XRP's market value; what follows is whether XRP's broader weakness persists within a flat, fearful market backdrop.
Since this brief published about 3 hours ago, XRP (XRP) has moved from $1.16 to $1.16 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,599.64 (about $1.16), down 0.6% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 8, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
David Schwartz Rejects Overblown Claim of Control Over XRP P — questions & answers
What did Schwartz say about his influence on XRP?
He said his influence on XRP's price was minimal, while acknowledging that it was not entirely nonexistent.
How is XRP performing at the time of the report?
XRP trades at $1.16, down 1.13% over 24 hours and 7.22% over seven days.
What is the broader crypto market backdrop?
Total crypto market capitalization is $2.61T, Bitcoin is down 0.33% over 24 hours, and the Fear & Greed index stands at 28.
How much is 1 XRP worth in naira today?
About ₦1,599.64 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.16. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.