David Schwartz, erstwhile CTO of Ripple, has contrived to dispute the suspicion that he duped XRP holders, answering whispered tales of clandestine government ententes and covert price contrivances in a flurry of posts on X that, like a windstorm in a drawing-room, has rekindled the long-standing theater of debate among the faithful.
The scandal surfaced when X’s @uptownsaul inquired whether Schwartz had been anything less than transparent with the XRP cult regarding Rippleās undisclosed agreements. The exchange compelled the Ripple veteran to descend to the stage with a lucid clarification-touching on NDAs, price musings, and what he described as a chorus of misinformation drifting through this digital salon.
Schwartz Draws A Line Between NDAs And Conspiracy Theories
In his X essays, he did not deny that Ripple preserves confidential agreements. He conceded that many partners require NDAs to shield their commercial arrangements. What he challenged was the interpretation of those documents as proof of some grand design.
In the posts, Schwartz categorized recurring claims-that the U.S. government has a secret plan for XRP, or that Ripple holds back a mechanism to lift prices to the heavens-as conspiracy theories that are āalmost alwaysā false. He stated that no secret government pacts exist and that Rippleās escrow releases follow a fixed, publicly verifiable timetable on the XRP Ledger.
A Pointed Challenge To Price Theories
He also addressed the old fever about sky-high XRP targets. In one post, he asked why well-capitalized investors who truly believed in a multi-thousand-dollar XRP would not already be bidding the price up-treating the absence of such bids as a form of market data in itself.
When @NeilBilon weighed in, Schwartz reiterated that Rippleās operations and ambitions are broadcast through public channels, even if certain commercial details remain behind velvet curtains.
Separately, @TGMoney85 pressed more questions about Schwartzās earlier statements, which he answered by clarifying that his previous remarks on XRPās role were economic observations, not price forecasts.
As of this writing, XRP hovers around $2.11, with Schwartzās reflections drawing a chorus of attention yet seemingly leaving the price movement as indifferent as a duchess at a budget meeting.
Cover image from Grok, XRPUSD chart from Tradingview
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2026-05-05 04:42