XRP price debate shifts to network activity as market weakness deepens
David Schwartz’s XRP price update drew pushback from holders, who questioned weak returns while he cited activity on his hub.
David Schwartz’s XRP price update drew pushback from holders, who questioned weak returns while he cited activity on his hub. XRP (XRP) is trading at ₹116 ($1.23). This is an original Token Times brief based on reporting by Blockonomi, with live market data added, as of Thu, 05 Nov 2026 19:30:01 UTC.
The exchange highlights a tension between XRP’s market performance and the network-usage metrics used to justify the asset. It also shows how technical updates can become focal points for broader dissatisfaction among holders.
- Schwartz cited XRP near $1.308 after a 2.4% daily rise.
- His hub had 550-plus connections and 110,000 messages per second.
- XRP now trades at $1.23, down 6.16% over 24 hours.
- Overall crypto sentiment remains neutral despite broad market weakness.
- XRP Burn Rate Surges 75%, Signaling Increased Network Activity
- XRP Ledger Payment Volume Surges 2,633%, Signaling Increased Network Activity
- XRP Network Activity Surges 479%, Raising Expectations for Price Recovery
- XRP price debate shifts to network activity as market weakness deepens — this brief
Former Ripple CTO David Schwartz is under criticism from 
XRP holders after giving a brief update on the token’s price. According to Blockonomi, he referenced XRP at approximately $1.308 following a 2.4% increase over the preceding trading day. The Crypto Basic likewise reports that the discussion began after Schwartz posted about network performance on X.
The technical claims accompanying the price update showed more than 550 active connections and 110,000 messages per second on his hub. Some XRP holders reacted by pointing to the token’s weaker annual performance and expressing frustration with years of limited returns. Blockonomi also identifies Jason Barritt among the holders saying they continued buying XRP.
Both outlets corroborate the sequence connecting Schwartz’s hub-performance post with the ensuing holder criticism. Their coverage differs in depth rather than substance: Blockonomi supplies the $1.308 price, the 2.4% daily increase, the hub metrics and examples of holder reactions, while The Crypto Basic mainly establishes that the exchange started with a post on X about network activity.
The debate places token-price performance alongside evidence of infrastructure use, but the figures cover different subjects: Schwartz’s post described activity on his hub, while the objections raised by holders concerned XRP’s annual return. That distinction matters because the network activity figures do not by themselves establish how the market valued or traded XRP during the period criticized by holders.
Live data show a weaker backdrop for XRP. The token is priced at $1.23, down 6.16% over 24 hours and 4.97% over seven days, with a market capitalization of $78.1 billion. The broader crypto market is broadly down, with a total capitalization of $2.61T and 
Bitcoin down 6.04%, while the Fear & Greed index stands at 50, or Neutral. The immediate significance is that the technical activity cited by Schwartz has not prevented renewed holder scrutiny of XRP’s returns; the hub figures provide a benchmark against which any follow-up discussion about network usage can be assessed.
Since this brief published about 3 hours ago, XRP (XRP) has moved from ₹116.38$1.23 to ₹116.38$1.23 — +0.00%.
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 ≈ ₹124.2 (about $1.23), down 5.6% over 24 hours. The rupee itself trades about 6.7% 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.
XRP price debate shifts to network activity as market weakne — questions & answers
What did David Schwartz say about XRP?
He referenced XRP near $1.308 after a 2.4% increase over the previous trading day, according to Blockonomi.
What hub activity did Schwartz cite?
His post cited more than 550 active connections and 110,000 messages per second.
How is XRP performing now?
XRP trades at $1.23, down 6.16% over 24 hours and 4.97% over seven days.
How much is 1 XRP worth in rupee today?
About ₹124.2 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.23. 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.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi. 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.