David Schwartz Challenges XRP’s Transaction-Fee Value Argument
Former Ripple CTO David Schwartz argues that XRP’s role in paying transaction fees is not a major source of the token’s value.
Former Ripple CTO David Schwartz argues that XRP’s role in paying transaction fees is not a major source of the token’s value. XRP (XRP) is trading at ₹103 ($1.10). This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Tue, 10 Nov 2026 01:45:01 UTC.
The statement places XRP’s price narrative in focus: demand for using the token to pay fees may be less influential on valuation than some market participants have assumed. It also reflects growing dissatisfaction among XRP holders.
- Schwartz disputes the importance of XRP transaction-fee demand
- Only U.Today covered the statement
- XRP trades at $1.099, down 12.09% over seven days
- The crypto Fear & Greed Index stands at 32
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- David Schwartz Challenges XRP’s Transaction-Fee Value Argument — this brief
U.Today reports that former Ripple CTO David Schwartz has rejected a widely held explanation for 
XRP’s value, arguing that using the token to cover transaction fees is not a major driver of its price. According to the outlet, his comments came amid mounting frustration among XRP holders.
The statement targets a specific piece of the token’s investment narrative: that greater utility for transaction payments would translate into stronger demand and value. Schwartz’s position, as characterized by U.Today, challenges the premise that fee-related usage is the principal force behind XRP’s valuation. The report does not provide a replacement valuation model or additional supporting figures.
U.Today is the only outlet included in the supplied coverage, so there is no independent cross-publication corroboration or competing figure to reconcile. The account also does not identify a particular holder complaint, policy announcement, transaction statistic, or Ripple initiative accompanying Schwartz’s comments.
In live market context, XRP is priced at $1.099, down 0.77% over 24 hours and 12.09% over seven days, with a market capitalization of $69.81 billion. The broader crypto market is flat with a total capitalization of $2.57 trillion, while 
Bitcoin is up 0.87% over 24 hours. The Fear & Greed Index reads 32, placing sentiment in the “Fear” zone as the debate over XRP’s value drivers continues.
Since this brief published about 5 hours ago, XRP (XRP) has moved from ₹103.23$1.10 to ₹103.32$1.10 — +0.09%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹109.99 (about $1.10), down 1.3% over 24 hours. The rupee itself trades about 6.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 10, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
David Schwartz Challenges XRP’s Transaction-Fee Value Argume — questions & answers
What argument did David Schwartz reject about XRP?
He argued that XRP’s use in paying transaction fees is not a major driver of the token’s value.
How is XRP performing in the supplied market data?
XRP is at $1.099, down 0.77% over 24 hours and 12.09% over seven days. Its market capitalization is $69.81 billion.
What does the current Fear & Greed reading show?
The crypto Fear & Greed Index stands at 32, which is categorized as Fear.
How much is 1 XRP worth in rupee today?
About ₹109.99 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.10. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 0.09% since this brief first published — trading at ₹103 ($1.10) now versus ₹103 ($1.10) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.