Schwartz’s XRP Sales Put $1 Support and $1.10 in Focus
Former Ripple CTO David Schwartz disclosed major crypto sales as XRP tested $1 amid a broader market that remained broadly positive.
Former Ripple CTO David Schwartz disclosed major crypto sales as XRP tested $1 amid a broader market that remained broadly positive. XRP (XRP) is trading at ₹99.88 ($1.06), down 0.5% since this brief published. This is an original Token Times brief based on reporting by CoinEdition, with live market data added, as of Wed, 11 Nov 2026 19:00:01 UTC.
Schwartz’s disclosed reductions add a prominent Ripple figure’s selling history to the debate over XRP’s near-term support. The disclosure also comes as Ripple’s European banking expansion and broader network adoption continue to shape the asset’s longer-term narrative.
- Schwartz sold about 2.5 million XRP in 2025, according to The Crypto Basic
- XRP trades near $1.068 after falling 18.64% over seven days
- CoinEdition identifies $1 as support and $1.10 as the next reclaim level
- Total crypto market capitalization stands at $2.54 trillion
- Schwartz Frames XRP and Bitcoin Sales as Personal Risk Management
- Schwartz’s XRP Sales Put $1 Support and $1.10 in Focus — this brief
Former Ripple CTO David Schwartz said he has not bought 
XRP in a long time and has substantially reduced his crypto holdings, according to The Crypto Basic. The disclosure came after XRP community member Ricky challenged him over the tax associated with XRP he had allegedly sold during the year, prompting Schwartz to describe changes to his portfolio.
The Crypto Basic reports that Schwartz sold approximately 2.5 million XRP in 2025 and paid around $1.7 million in capital-gains tax on those transactions. CoinCodex supplied a broader portfolio detail, reporting that Schwartz’s 
Bitcoin holdings fell from 1,500 BTC to one. These figures provide the most concrete dimensions of the reduction described by the outlets.
The five outlets share the central combination of a prominent former Ripple executive’s asset sales and pressure on XRP, but their emphasis differs. CoinEdition focuses on XRP’s technical levels, CryptoNews adds Ripple’s European banking expansion, and DailyCoin presents the portfolio revelation against weakness in the wider crypto market. The precise sales, tax and Bitcoin figures are attributed to The Crypto Basic and CoinCodex rather than presented as independently corroborated figures.
CoinEdition said XRP had lost about 36% from its late-September high and was approaching $1, a level that held during July and the first half of August. Its analysis identified $1.10 as the level XRP needed to reclaim to improve the bearish setup for November 12. The article framed the question of whether $1 could hold rather than presenting a definitive forecast.
Live data showed XRP at $1.068, up 1.63% over 24 hours but down 18.64% over seven days, with a market capitalization of $67.81 billion. The total crypto market capitalization was $2.54 trillion, and the broader market was broadly higher. Bitcoin rose 1.72% over 24 hours, while the Fear & Greed Index stood at 29, indicating a Fear reading despite the positive daily move.
CryptoNews said Schwartz expects higher network valuations to benefit the XRP ecosystem as 37 European banks expand Ripple’s footprint. That institutional-growth context sits alongside the immediate questions surrounding XRP’s $1 support and the personal portfolio disclosures from a former Ripple executive. The next observable milestones are whether XRP remains above $1, whether it can recover $1.10 as CoinEdition identifies, and how the $1.068 price and recent seven-day decline evolve against the $2.54 trillion market backdrop.
Since this brief published about 7 hours ago, XRP (XRP) has moved from ₹100.34$1.07 to ₹99.88$1.06 — -0.47%.
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 ≈ ₹105.62 (about $1.06), down 0.8% over 24 hours. The rupee itself trades about 5.8% 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 11, 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.
Schwartz’s XRP Sales Put $1 Support and $1.10 in Focus — questions & answers
How much XRP did David Schwartz sell?
The Crypto Basic reports that Schwartz sold approximately 2.5 million XRP in 2025. It also reports that he paid about $1.7 million in capital-gains tax on the sales.
What levels are traders watching for XRP?
CoinEdition identifies $1 as support and says XRP needs to reclaim $1.10. Live XRP was $1.068, placing it just above the first level.
How did XRP perform in the latest market data?
XRP was up 1.63% over 24 hours but down 18.64% over seven days. Its market capitalization was $67.81 billion.
How much is 1 XRP worth in rupee today?
About ₹105.62 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.06. 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 down 0.47% since this brief first published — trading at ₹99.88 ($1.06) now versus ₹100 ($1.07) 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 CoinEdition. 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.