Schwartz Rejects XRP Transaction-Fee Thesis as Token Slides
David Schwartz argued that XRP’s role in paying transaction fees is not a primary driver of its value, as the token remains under pressure.
David Schwartz argued that XRP’s role in paying transaction fees is not a primary driver of its value, as the token remains under pressure. XRP (XRP) is trading at $1.10. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Tue, 10 Nov 2026 01:45:02 UTC.
The statement challenges a common framework for evaluating XRP’s utility and value, particularly while holders face continued price weakness. It separates the token’s fee-related function from the broader factors driving market demand, without establishing what those broader factors may be.
- Schwartz rejected fee utility as a major driver of XRP’s value.
- XRP trades at $1.10, down 1.46% over 24 hours.
- XRP’s seven-day decline stands at 12.08%.
- Its market capitalization is $70.05 billion amid fearful sentiment.
- David Schwartz Rejects Overblown Claim of Control Over XRP Prices
- Buterin Rejects Ethereum’s Fee-Burn Valuation Thesis
- Schwartz Rejects XRP Transaction-Fee Thesis as Token Slides — this brief
U.Today reported that former Ripple chief technology officer David Schwartz rejected the idea that 
XRP’s use for transaction fees is a major factor determining its value. His comments address a recurring argument within the XRP community about how the token’s utility should be connected to its market price.
The report said frustration among XRP holders continues as the token struggles. Schwartz’s position does not deny that XRP can be used for transaction fees; rather, the outlet summarized his argument as rejecting the assumption that this function is a principal source of the token’s value.
XRP was trading at $1.10 at the time of the report, down 1.46% over 24 hours and 12.08% over seven days. Its market capitalization stood at $70.05 billion. By comparison, the broader crypto market was broadly flat, while 
Bitcoin was down 0.12% over 24 hours.
The overall crypto Fear & Greed index stood at 32, corresponding to “Fear.” The immediate significance of Schwartz’s comments is that they challenge a prominent utility-based explanation for XRP’s valuation at a time when its market performance has been weak. Whether that distinction affects broader investor perceptions will remain central to the discussion, rather than the fee-function claim itself.
Since this brief published about 5 hours ago, XRP (XRP) has moved from $1.10 to $1.10 — +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 ≈ ₦1,520.53 (about $1.10), down 1.3% over 24 hours. The naira itself trades about 2.5% 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 10, 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.
Schwartz Rejects XRP Transaction-Fee Thesis as Token Slides — questions & answers
What did David Schwartz argue about XRP transaction fees?
Schwartz argued that XRP’s use for transaction fees is not a major driver of the token’s value, according to U.Today.
How has XRP performed over the past week?
XRP was down 12.08% over seven days and 1.46% over 24 hours, trading at $1.10.
What is the broader crypto market sentiment?
The Fear & Greed index stood at 32, indicating fear, while the overall crypto market was flat.
How much is 1 XRP worth in naira today?
About ₦1,520.53 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.10. 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.