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Ripple CTO Emeritus David Schwartz has defended an older XRP price discussion that resurfaced on X, after renewed criticism from members of the crypto community.
The renewed exchange followed a user’s accusation that Schwartz misled the XRP community. The debate centered on a 2017 thread in which Schwartz discussed XRP liquidity needs and referenced price levels, arguing that the comments were not intended as a future XRP price prediction.
Schwartz said the post explained how liquidity requirements can relate to transaction size and market depth, rather than serving as a promise of future value. He argued that XRP could not be “dirt cheap” if it were expected to handle large global transaction volumes.
In the 2017 discussion, Schwartz wrote: “It can’t be dirt cheap. That doesn’t make any sense.” He added an example to illustrate the liquidity point: if XRP traded at $1, a user would need one million XRP to move $1 million; if XRP traded at $1 million, one XRP would move the same value.
Schwartz said some users interpreted the thread as an indication that XRP was designed to maintain a high price. He rejected that reading, stating that the discussion was about market mechanics rather than a guaranteed price target.
He also argued that deleting the earlier thread could remove useful context and contribute to further confusion.
The resurfacing of the XRP debate came after Schwartz deleted separate posts related to Arbitrum’s decision to freeze more than 30,000 ETH tied to the KelpDAO exploit. He had initially defended the intervention and compared it to a Bitcoin incident involving a 2010 value overflow.
Schwartz later said he deleted the posts because he had confused Arbitrum with another type of layer 2 network. The deletions brought additional attention to his earlier explanations as XRP holders continued to debate his statements.
Schwartz’s comments underscore how older statements can continue to influence community discussions years later. He maintains that his 2017 remarks focused on liquidity, transaction capacity and market depth rather than an XRP price forecast.
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