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Ripple's ex-CTO says his influence on XRP price is minimal amid token's near 50% yearly drop.

Market News
08 Nov 2026, 13:29 WIB
Crypto news
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Bearish
Ripple's ex-CTO says his influence on XRP price is minimal amid token's near 50% yearly drop.

David Schwartz, former CTO of Ripple, downplayed his influence on XRP's price after criticism from crypto investors. Despite XRP trading around $1.16 and losing nearly 50% over the past year, Schwartz acknowledged his impact on the token's price is very limited. He also warned users against posting irrelevant crypto messages in unrelated discussions on social media, stating he would block such accounts. XRP's technical indicators suggest continued bearish momentum, with potential support at $1.15 and resistance near $1.20.

XRP trades at Rp21.078 on Pluang as of Nov 08, 2026 18:41 WIB, showing a slight 0.32% decline in one day. The token's market cap stands at Rp1.338,16 trillion with a 24-hour trading volume of Rp16,46 trillion. Most Pluang users are buying XRP, with 72% buy orders and a typical hold time of 73 days.

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