Ripple's CTO Sold $XRP at 10 Cents, Now It's Above $1.10 — The Cinematic Irony

David Schwartz, Chief Technology Officer at Ripple, has publicly acknowledged that he sold $XRP at roughly 10 cents earlier in the token's history, only to watch the price later push above the $1.10 resistance level. Schwartz addressed the regret in a public discussion, framing the early sale as a personal misjudgement rather than a commentary on the project's long-term outlook.

The disclosure arrives as $XRP trades above the $1.10 threshold, a level market participants have monitored as a technical pivot. On-chain and exchange data tracked by major aggregators show $XRP moving through that range, with the token's pricing reflecting renewed trading activity across multiple venues. Schwartz's remarks have circulated widely on social media, where traders and developers have shared the clip with varying degrees of sympathy and schadenfreude.

Schwartz, who has been associated with Ripple since 2011 and is one of the original architects of the XRP Ledger, is known for his technical commentary on the protocol rather than personal investment disclosures. In his remarks, he described the sale as a routine decision at the time, made long before the current market conditions were apparent. He did not disclose the exact size of the position sold or the precise date of the transaction.

The $XRP token serves as the native asset of the XRP Ledger, a distributed ledger maintained by Ripple and independent validators. The network is designed for cross-border settlement and has been integrated by financial institutions for liquidity and on-demand liquidity services. The token's market capitalization and circulating supply remain among the largest in the cryptocurrency sector, with $XRP consistently ranked in the top tier by total valuation.

The episode has reignited a familiar conversation among long-term crypto holders about the cost of early exits. Schwartz's standing as a core developer, rather than a passive investor, has made the story resonate with a community accustomed to watching builders discuss their own positions in the assets they helped create.