Ripple’s David Schwartz addresses XRP price criticism as token falls to $1.16

Ripple’s former chief technology officer David Schwartz has played down his influence over XRP’s price after facing renewed criticism from cryptocurrency investors, as the token trades around $1.16 following months of losses. Summary David Schwartz acknowledged having limited influence over XRP prices after criticism from cryptocurrency investors online. Schwartz said he would block users posting irrelevant crypto messages beneath unrelated conversations on X. XRP traded near $1.16 on November 8 after losing nearly 50% over the previous year. The token’s daily RSI stood near oversold levels while MACD readings remained negative amid selling. Schwartz previously disputed claims that his XRP liquidity remarks amounted to guarantees about future prices. In a November 7 post, Schwartz complained that users were repeatedly entering unrelated conversations on X to accuse him of fraud or promote XRP. The discussion later turned to his responsibility for the token’s performance when another user challenged him over the frustration among holders. Responding to a question about whether he could honestly claim to have no influence on XRP’s price, the Ripple veteran acknowledged that his invol...