XRP Holders Challenge Schwartz After Price Update and Network Metrics
David Schwartz’s network update and defense of XRP’s price drew criticism from holders focused on the token’s longer-term performance.
David Schwartz’s network update and defense of XRP’s price drew criticism from holders focused on the token’s longer-term performance. XRP (XRP) is trading at $1.24, up 0.8% since this brief published. This is an original TLT brief synthesising 2 outlets (Blockonomi, The Crypto Basic), plus live market data, as of Thu, 05 Nov 2026 20:00:04 UTC.
The exchange highlights a tension between XRP’s underlying network activity and holder returns, while current data show the token declining alongside a broadly weaker crypto market.
- Schwartz cited more than 550 active hub connections and 110,000 messages per second.
- His discussion followed XRP trading near $1.308 after a 2.4% daily gain.
- XRP is now $1.23, down 5.19% over 24 hours and 4.51% over seven days.
- Total crypto market capitalization stands at $2.62 trillion.
Blockonomi and The Crypto Basic agree that former Ripple CTO David Schwartz faced backlash from XRP holders after posting an update about the network and the token’s price. Blockonomi provides the most detail, reporting that Schwartz referenced XRP near $1.308 following a 2.4% daily increase, cited more than 550 active hub connections and 110,000 messages per second, and drew objections over weaker annual performance and years of limited returns. The Crypto Basic likewise says the controversy began with a network-performance post on X but does not supply the same price, performance, or throughput figures, so no material contradiction appears between the reports.
Former Ripple CTO David Schwartz is under criticism from 
XRP holders after sharing a brief update on the token’s price and the performance of a network hub. According to Blockonomi, his remarks followed XRP trading near $1.308 after a 2.4% increase over the preceding trading day. The Crypto Basic also reported that the exchange began with Schwartz publishing network-performance details on X.
The technical update included more than 550 active hub connections and 110,000 messages per second, according to Blockonomi. Those operating metrics did not prevent some XRP holders from objecting to Schwartz’s price-focused comment. The Crypto Basic independently confirmed that the network update and subsequent holder criticism formed the central sequence of the story.
The two outlets agree on the substance of the dispute, but Blockonomi carries more specifics, including the quoted price, the 2.4% daily increase, annual-performance complaints, and frustration about limited returns over several years. The Crypto Basic focuses on the origin of the exchange and identifies Schwartz as Ripple’s former CTO. Neither report indicates that the underlying disagreement was resolved within the discussion covered.
The debate connects infrastructure activity with investment performance, although the supplied reports do not establish a direct relationship between the cited hub figures and XRP’s market value. Blockonomi also noted that some holders, including Jason Barritt, continued buying XRP, though the available summary does not specify the size or terms of those purchases. That contrasting response appears only in Blockonomi’s coverage.
Live market data show XRP at $1.23, down 5.19% over 24 hours and 4.51% over seven days, with a market capitalization of $78.11 billion. The broader crypto market capitalization is $2.62 trillion and is broadly lower, while 
Bitcoin is down 5.20% over 24 hours. The Fear and Greed Index stands at 50, labeled Neutral. The immediate area to watch is whether XRP’s network activity and the holder debate generate further discussion while its short-term decline continues in a soft wider market.
Since this brief published about 3 hours ago, XRP (XRP) has moved from $1.23 to $1.24 — +0.81%.
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 ≈ ₦1,714.83 (about $1.24), down 4.3% over 24 hours. The naira itself trades about 2.7% 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.
XRP Holders Challenge Schwartz After Price Update and Networ — questions & answers
What network metrics did David Schwartz cite?
Blockonomi reports that Schwartz cited more than 550 active hub connections and 110,000 messages per second.
Why did XRP holders criticize Schwartz?
Some objected to his price comment, citing weaker annual performance and frustration with limited returns over several years.
How is XRP performing in the latest market data?
XRP is $1.23, down 5.19% over 24 hours and 4.51% over seven days, with a market capitalization of $78.11 billion.
How much is 1 XRP worth in naira today?
About ₦1,714.83 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.24. 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.
Has XRP's price moved since this brief was published?
XRP is up 0.81% since this brief first published — trading at $1.24 now versus $1.23 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi, The Crypto Basic, with the key figures cross-checked for agreement across them. 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.