Schwartz Rejects Claims of outsized Control Over XRP’s Price
Ripple’s former CTO said his influence on XRP’s performance is limited, while the token remained lower over the past week.
Ripple’s former CTO said his influence on XRP’s performance is limited, while the token remained lower over the past week. XRP (XRP) is trading at ₹110 ($1.17), up 0.9% since this brief published. This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Sun, 08 Nov 2026 12:15:01 UTC.
The comments distinguish personal responsibility from broader market forces, but XRP was still down 7.16% over seven days as the wider crypto market showed little movement.
- Schwartz denied having substantial control over XRP’s price
- XRP traded at $1.16, down 0.65% over 24 hours
- Seven-day XRP decline stood at 7.16%
- Total crypto market capitalization was $2.61 trillion
Ripple’s former CTO David Schwartz rejected the characterization that he bears responsibility for 
XRP’s weak price performance. According to U.Today, he described his influence over the cryptocurrency’s price as minimal, while allowing that it was not entirely nonexistent.
The statement concerns perceptions of XRP’s market performance rather than a change to the token, Ripple’s operations, or its underlying technology. No new figures were provided to explain the extent of Schwartz’s alleged influence, and the report did not identify any specific technical or market mechanism through which he could direct XRP’s price.
U.Today is the sole outlet included in the supplied coverage, so there is no independent corroboration or competing account of Schwartz’s remarks. No additional source supplied a different figure, timeline, or clarification for the comments.
XRP was priced at $1.16, down 0.65% over 24 hours and 7.16% over seven days, with a market capitalization of $73.84 billion. By comparison, 
Bitcoin was down 0.18% over 24 hours, the broader crypto market was described as flat, and total market capitalization stood at $2.61 trillion. The Fear & Greed index registered 28, corresponding to Fear. The immediate context is therefore a modestly weaker XRP alongside subdued broader-market trading and a sentiment reading that remains in fear territory.
Since this brief published about 6 hours ago, XRP (XRP) has moved from ₹109.17$1.16 to ₹110.11$1.17 — +0.86%.
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 ≈ ₹121.67 (about $1.17), down 0.3% over 24 hours. The rupee itself trades about 10.5% 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.
Schwartz Rejects Claims of outsized Control Over XRP’s Price — questions & answers
What did David Schwartz say about influencing XRP’s price?
U.Today reported that Schwartz called his influence minimal, though not entirely nonexistent, while rejecting accusations that he was responsible for XRP’s weak performance.
How was XRP performing at the time of the report?
XRP traded at $1.16, falling 0.65% over 24 hours and 7.16% over seven days. Its market capitalization was $73.84 billion.
What was the broader crypto market backdrop?
Total crypto market capitalization was $2.61 trillion, the overall market was flat, and the Fear & Greed index stood at 28, indicating Fear.
How much is 1 XRP worth in rupee today?
About ₹121.67 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.17. 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 0.86% since this brief first published — trading at ₹110 ($1.17) now versus ₹109 ($1.16) 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.