Ripple CTO defends 2017 post as XRP technicals flash bearish

David Schwartz is pushing back against a resurfaced accusation that a 2017 thread constituted a price promise for XRP. The original post used a liquidity mechanics argument — that at $1 million per token, a single XRP could settle the same volume requiring one million tokens at $1 — to illustrate market dynamics, not to set a target. Schwartz declined to delete the thread, saying removal would strip context and compound the confusion.

The timing is awkward for XRP holders already dealing with soft technicals: 21 of 28 tracked indicators are flashing bearish as of late April 2026, and the token is consolidating in a narrow $1.41–$1.43 band. Support sits at $1.39 — a level the market is watching closely — with resistance at $1.61. Analysts describe the setup as a compression phase with a slight bearish tilt, where the next move is likely sharp rather than gradual.

A clean break below…