Crypto News
Ripple CTO David Schwartz said publicly that he regrets selling XRP at roughly 10 cents, an admission that landed on July 20 as the token broke through $1.10 resistance. Schwartz, posting under his long-standing @JoelKatz handle, said he agreed with his wife to sell at every new all-time high and called himself risk-averse by nature.
Why it matters
When a project's most senior technical voice frames his own position management as a regret, it lands differently than a price post from a generic influencer. Schwartz's role at Ripple gives him visibility into the company's trajectory that retail holders do not have, so a sell discipline that even he now questions carries weight with long-term holders re-evaluating their own exit plans.
Market impact
The post comes as XRP clears the $1.10 level, turning a technical resistance zone into new support territory. Whether the move sticks or fades, the conversation around the post is itself a sentiment event: it humanizes the cost of disciplined selling at all-time highs and reignites the perennial debate over whether conviction or capital preservation wins over a multi-year horizon.
Frequently asked questions
-
What did David Schwartz say about selling XRP at 10 cents?
Schwartz, posting under his @JoelKatz handle on July 20, said he wishes he hadn't sold XRP at roughly 10 cents, explaining that he had agreed with his wife to sell at every new all-time high and that he is fundamentally uncomfortable with risk.
-
Why is Schwartz's post significant for XRP holders?
As Ripple's chief technology officer, Schwartz has insider visibility into the company's trajectory that retail holders lack, so his public questioning of his own conservative exit strategy carries weight with long-term holders reassessing their own plans.
-
What was XRP's price action when the post went up?
XRP broke through $1.10 resistance on July 20, the same day Schwartz's post appeared, turning a technical ceiling into potential new support territory.
-
Did Schwartz say he would change his selling strategy going forward?
The post framed the regret as a personal reflection on risk tolerance rather than a promise to change strategy. Schwartz said he wishes he were more comfortable with risk but described himself as not that kind of person.
-
How does this post affect XRP market sentiment?
The post is itself a sentiment event independent of price action: it humanizes the cost of disciplined selling at all-time highs and reignites debate among holders over whether conviction or capital preservation wins over a multi-year horizon.
CryptoSlate
Crypto Rank News
WatcherGuru
CoinDesk
Benjamin Cowen