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'XRP at 100'? Ripple CTO Emeritus Reveals Surprising Story Behind Iconic T-Shirt

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Ripple CTO Emeritus David Schwartz has revealed the unexpected story behind an iconic $XRP-themed T-shirt he wore at the Swell event, explaining how a technical milestone on the $XRP Ledger became associated with a memorable price moment.

Schwartz, one of the original architects of the $XRP Ledger (XRPL), was spotted wearing a T-shirt that showed a 'speedometer'-like inscription that pointed to 100, sparking curiosity among members of the $XRP community.

X user @unknowDLT had asked Schwartz about the origin of the T-shirt he wore in an image that accompanied his tweet. "At this point, could you clearly explain what the T-shirt you're wearing means?" he asked.

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@unknowDLT It was created to commemorate XRPL hitting 100 TPS. When we commissioned it, $XRP was around 30 cents. By the time we got it, $XRP was $1. So everyone thought that's what $XRP at 100 meant and we just went with it.

— David 'JoelKatz' Schwartz (@JoelKatz) October 30, 2026

Schwartz responded that the T-shirt was created to commemorate XRPL hitting 100 TPS. "When the T-shirt was commissioned, $XRP was around 30 cents. By the time we got it, $XRP was $1," Schwartz further explained.

The timing caused some members of the $XRP community to assume the "100" on the shirt referred to $XRP reaching a price of $1 rather than the network's transaction speed.

"So everyone thought that's what $XRP at 100 meant and we just went with it," Schwartz added.

$XRP Ledger throughput boost

In the X discussion, the Ripple CTO Emeritus did not share exact details on the time when the T-shirt was commissioned.

$XRP also traded around 30 cents ($0.30) at several points in its price history, so it may be hard to know exactly when, in the context of the Ripple CTO Emeritus's post. A walk-through of the $XRP Ledger throughput chronology may provide a hint.

When performance testing began in February 2015, the $XRP Ledger sustained 80 transactions per second. Incremental improvements were made over time as opportunities were uncovered.

Between March and June 2015, the $XRP Ledger sustained between 120 and 490 transactions per second. In October 2015, XRPL saw a major throughput boost to 525 transactions per second, and in the following year, this nearly doubled to 1,100 transactions per second.

In July 2017, $XRP was demonstrated to sustain a throughput of 1,500 transactions per second, which remains so to this day.

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