Ripple's former CTO David Schwartz pushed back against the idea that he is a committed long-term XRP holder, saying in a series of X posts that Ripple stock, not XRP, now represents his main exposure to the crypto sector.
Ripple (XRP) is holding the closely watched $1.40 level, extending a modest near-term rebound even as longer-horizon performance remains underwater—an increasingly common pattern in a market that is recovering unevenly across major altcoins. As of May 5, XRP was trading at $1.4052, according to CoinMarketCap data timestamped 10:58 UTC.
XRP Ledger (XRPL) activity is surging, with total addresses hitting an all-time high as organic user growth accelerates sharply across the network.
XRP has never lacked lofty price targets, but the latest comments around a possible move to $10,000 have led to a direct response from one of the most familiar voices in the Ripple ecosystem. David Schwartz, Ripple's former chief technology officer and one of the original architects of the XRP Ledger, has pushed back against the idea by pointing to a simple market question.
Schwartz Position: David Schwartz argues that “Satoshi” refers to whoever performed the actions attributed to Bitcoin's creator, not whoever claims the title. Debate Focus: David Schwartz challenges Craig Wright's assumption that Satoshi must be a single individual and says Wright's claims lack verifiable proof.
Ripple Launches DPRK Threat Intelligence Initiative
XRP is quietly leading the weekly gains, outperforming Ethereum, Dogecoin, Bitcoin, and Solana with a stronger relative momentum.
Bitcoin trades around $81,000 on Tuesday as Bitcoin ETFs saw $532.2 million in net inflows on Monday, while Ethereum ETFs reported $61.3 million in net inflows. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $81,024 Ethereum (CRYPTO: ETH) $2,380 Solana (CRYPTO: SOL) $84.77 XRP (CRYPTO: XRP) $1.40 Dogecoin (CRYPTO: DOGE) $0.1112 Shiba Inu (CRYPTO: SHIB) $0.056276 Meme coin market capitalization is trading 3.4% higher to $38.
The move follows two nine-figure exploits of DeFi protocols Drift and KelpDAO in April, as DPRK hackers shift to social engineering tactics.
The new indexes will also include SOL, TRX, and BNB.
The XRP Ledger (XRPL), which uses XRP as its native token, has recorded steady organic user growth over the past 30 days through May 4.