David Schwartz, Ripple's former CTO, stated that the XRP Ledger (XRPL) is unlikely to achieve major success in financial applications as long as its native asset, XRP, lacks strong demand and value. He explained that XRP is essential for operating the ledger due to transaction fees and reserve requirements, but these rules don't indicate widespread financial use or growth on the XRPL. Schwartz also mentioned a hypothetical scenario where Bitcoin could be the main settlement asset on XRPL, with XRP playing a connecting role, but this is not reflective of current usage. No adoption or price targets were given, emphasizing that XRP's role in ledger operations does not necessarily translate to increased financial activity or market value.
David Schwartz's comments on XRP's role in the XRPL come as XRP trades at Rp23.170 on Pluang, down 2.52% as of Oct 24, 2026 20:01 WIB. The token's market cap stands at Rp1.460,01 trillion with a 24-hour volume of Rp27,97 trillion, while sell orders dominate at 77%. Meanwhile, Bitcoin is priced at Rp1.455.791.067, down 1.17%, with a market cap of Rp29.286,06 trillion and a higher buy interest at 64%.
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