Debate over $XRP sales and Ripple share buybacks
Schwartz rejected the claim that Ripple’s financial decisions automatically work against $XRP holders. He argued that if Ripple’s $XRP sales place steady pressure on the token’s price, that condition is visible to the market and affects both buyers and sellers under the same terms. According to him, a lower market price caused by a known and ongoing factor does not by itself create a one-sided disadvantage for holders.
He also said the same argument could be turned around, because lower prices may allow market participants to accumulate more $XRP than they otherwise could.
Schwartz was responding in part to criticism from Chainlink supporter Zach Rynes, who said $XRP holders do not receive ownership in Ripple and therefore are not gaining direct exposure to the company’s expansion, acquisitions, or stock buybacks. Rynes argued that Ripple can sell pre-mined $XRP, use those funds for company goals, and still leave token buyers without shareholder rights.
Other users in the discussion pushed back on that criticism by comparing $XRP to other major cryptocurrencies. They noted that holding assets such as $ETH or SOL does not give investors an ownership stake in companies connected to those ecosystems either. In that view, $XRP functions as a digital asset tied to network use and market demand rather than as company equity. Schwartz’s comments stayed focused on market mechanics, not on equating $XRP with Ripple stock.
Schwartz also addressed claims about how Ripple and its early team viewed $XRP’s future value. In separate posts, he said that during $XRP’s early years, very few people expected the token to reach later price levels. He wrote that if anyone had believed $XRP would trade at $1.50 in 2025, they would not have sold it for much lower prices years earlier. He made a similar point about Ethereum, saying he once sold 40,000 $ETH at $1.05 because he believed its rally had ended.
Despite the criticism, the $XRP price has jumped today, with the price witnessing a 7% jump from the 24-hour low to trade at $1.52. Amid this recovery, Crypto analyst Javon Marks has forecasted that $XRP may still be setting up for a major upside continuation, with the price currently trading near $1.50 and the broader structure still supporting a target above $15.
$XRP/USD price chart | Source: X
The chart shows key support around $0.95 and $0.65, while the next important resistance levels stand near $1.90 and $3.60. If $XRP breaks out of the current flag structure, the move could extend toward $7.00 before targeting the $14.00 to $15.00 region.