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XRP price update sparks debate as holders criticize focus on short-term gains amid long-term losses.

Market News
05 Nov 2026, 18:49 WIB
Blockonomi
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Neutral
XRP price update sparks debate as holders criticize focus on short-term gains amid long-term losses.

David Schwartz, Ripple's former tech chief, shared an XRP price update of about $1.308 after a 2.4% daily increase, sparking criticism from holders who highlighted XRP's roughly 40% loss over the past year. The discussion revealed frustration over limited long-term returns despite network growth, with some holders continuing to buy XRP in anticipation of future ecosystem adoption. Network activity and token price were debated as separate metrics, with no clear link between increased ledger use and price gains. The debate underscores ongoing uncertainty among investors about XRP's value and future potential.

The debate over XRP's price and network growth comes as XRP trades at Rp22,563 on Pluang, down 5.60% in the last day as of Nov 06, 2026 00:02 WIB. The token holds a market cap of Rp1.434,7 trillion with a 24-hour trading volume of Rp42,97 trillion. Pluang users show a selling bias with 69% of orders to sell and an average holding period of 73 days.

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