Ripple CTO Shatters $100 XRP Hopes with 12% Price Drop
February 2, 2026
Ripple’s Chief Technology Officer, David Schwartz, recently dampened the hopes of XRP holders by expressing skepticism about the token’s potential to reach $50 to $100. Schwartz’s comments came as XRP’s price dropped by 12% to $1.75 this past week.
Schwartz reflected on his past predictions, admitting to selling XRP at $0.10 because he believed it was overvalued at the time. He also mentioned his disbelief when Bitcoin hit $100, illustrating how his expectations for crypto prices have often been proven wrong.
Following Schwartz’s remarks, XRP holders expressed frustration, with some questioning whether Ripple’s original vision for XRP had changed. One holder even stated they would consider selling if XRP ever reached $2 again, finding Schwartz’s comments demoralizing for those banking on financial freedom through their investments.
Despite the backlash, some supporters defended Schwartz, suggesting that he cannot disclose future price information, especially with global adoption of cryptocurrencies on the rise and Ripple making quiet strides in various market sectors.
Schwartz elaborated on his position in a subsequent post, emphasizing that current prices already reflect what investors genuinely believe about XRP’s future. He argued that if there were a significant belief in XRP hitting $100, investors would aggressively buy at current levels to drive prices higher immediately. The fact that XRP is trading well below $10 suggests that few people back triple-digit price predictions with enough conviction to invest significantly.
Schwartz further highlighted that cryptocurrency prices are generally rational, with major price surges often stemming from external factors rather than fundamental expectations.
On the technical front, XRP’s price is down 3% and has broken down from a consolidation range of $1.85 to $2.00, plummeting below range support to around $1.70. All four EMAs (Exponential Moving Averages) are above the current price in a bearish alignment, indicating further downside potential if critical support at $1.70 is breached. To recover, XRP needs to reclaim the $1.85 breakdown level and the broken consolidation range.
In conclusion, David Schwartz’s cautious stance on XRP’s price potential has sparked mixed reactions among holders. While some view his remarks negatively, others defend his position, citing the rationality of current market prices and the unpredictability of major price movements in the crypto space. As XRP continues to face fluctuations, investors must closely monitor technical indicators and market trends to make informed decisions regarding their investments.
