Ripple CTO Emeritus David Schwartz is again clarifying a statement he’s held since 2017: XRP can’t remain “dirt cheap.”
But this isn’t about hype or price predictions — it’s about utility.
After an X user resurfaced his old remark, Schwartz explained that people often misunderstand it. A low XRP price may look good, but it can actually make XRP more expensive to use for payments and exchange settlement.
🟡 The Core Idea
When XRP trades lower, users need more XRP tokens to move the same value.
That means:
more token volume per transfer
higher friction for large transactions
greater liquidity pressure & market impact
Simple Example
To move $1,000,000:
XRP at $1 → requires ~1,000,000 XRP
XRP at $100 → requires ~10,000 XRP
Higher price = fewer tokens needed = more efficient settlement.
📍 Why It Matters
Schwartz’s point is clear:
Cheap price doesn’t always mean cheap network usage.
Higher valuation typically aligns with:
$XRP deeper liquidity
smoother execution
lower friction in real-world transfers
Bottom Line
Schwartz isn’t calling for XRP to hit a specific number — he’s saying XRP’s role as a bridge asset works best when moving value requires fewer tokens, not millions.
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