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Ripple CTO Says XRP Price Dropping to $0.20 After Hitting $4 Is ‘Unlikely But Not Impossible’

Published

4 months ago

on

David Schwartz XRP misconceptions

The post Ripple CTO Says XRP Price Dropping to $0.20 After Hitting $4 Is ‘Unlikely But Not Impossible’ appeared first on Coinpedia Fintech News

Ripple’s Chief Technology Officer just said something that the XRP community is not going to stop talking about. In a candid and unusually honest exchange on X, David Schwartz, acknowledged that a collapse from a possible $4 to as low as $0.20 or $0.25 cannot be ruled out, while simultaneously admitting that nobody at Ripple, including himself, ever believed XRP would become as valuable as it did.

The Question That Started It

A user asked Schwartz directly whether XRP, if it ever reached $4, could subsequently crash to between $0.25 and $0.31. Schwartz did not dismiss the question with the kind of polished corporate response you might expect from a senior executive at one of the most high-profile companies in crypto.

Instead he pointed directly at history. “It went up to $3 and then down to $0.20,” he said, “so you can’t really say that’s not possible. I’d say that’s unlikely, but I’d say that all the things that have actually happened to the price are unlikely too.”

That last sentence is the one worth sitting with. The CTO of Ripple is essentially saying that XRP’s entire price history has been a sequence of events he would have considered improbable at every stage.

“Nobody Believed XRP Would Be Worth This Much”

The more revealing part of the thread came earlier, when Schwartz addressed a pointed criticism that Ripple had created XRP purely as a fundraising mechanism to enrich its founders and executives.

One user argued that Ripple invented XRP simply to sell it repeatedly and accumulate wealth. Schwartz pushed back but in a way that was more honest than defensive.

“I wish we had been able to see the future like that,” he wrote. “We probably would have done a lot of things differently. But nobody, at least as far as I know, believed that Ripple could hold on to so much of the supply and make billions of dollars selling it until much later.”

He went further, extending the point across the entire early crypto industry. “When I first got into the space and Bitcoin was at $2, if you had asked me the chances of it ever hitting $100, I probably would have said 10%.”

The $1.05 Ethereum Sale

The admission that landed hardest was personal. Schwartz revealed that he sold 40,000 Ethereum at $1.05 because he genuinely believed the price rise was over at that point.

At current Ethereum prices, those 40,000 ETH would be worth in the region of $80 million. His point was not to lament the sale but to illustrate how consistently wrong even the most informed people in crypto have been about price trajectories, in both directions.

“If anyone thought XRP was going to be $1.50 in 2025,” he said, “they wouldn’t have sold it for a penny in 2017.”

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Crypto

Binance.US CEO Outlines Ambitious Plan to Reclaim 20% U.S. Market Share

Published

13 hours ago

on

July 14, 2026

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Binance.US is gearing up for a major comeback. In a July 13 announcement, new CEO Stephen Gregory laid out an aggressive rebuilding strategy aimed at capturing up to 20% of the U.S. crypto trading market.

The plan centers on ultra-low fees, the introduction of new regulated products (including derivatives and prediction markets), and a strong compliance-first approach to win back user trust and liquidity.

From Hibernation to Aggression

Gregory described the past two years as a period of “hibernation” following the 2023 SEC lawsuit that impacted the broader Binance ecosystem. With regulatory headwinds easing and a more mature U.S. crypto environment emerging, Binance.US is now shifting into growth mode.

Key pillars of the strategy include:

  • Enhancing liquidity and trading infrastructure
  • Expanding compliant product offerings
  • Aggressive customer acquisition and retention efforts

Market Implications

Industry analysts see this as a pivotal moment that could significantly intensify competition with established U.S. players like Coinbase. A successful execution may not only help Binance.US reclaim lost ground but also boost overall confidence in the U.S. crypto sector.

The announcement comes amid broader regulatory shifts, including potential SEC proposals that could facilitate fundraising for crypto startups — creating a more favorable backdrop for growth.

Outlook

While challenges remain, Binance.US’s renewed ambition signals confidence in the U.S. market’s long-term potential. Market reaction has been cautiously optimistic, with many watching closely to see how quickly the exchange can translate its plans into on-platform momentum.

Stay tuned to CoinReporter.io for updates on Binance.US developments, U.S. regulatory news, and competitive dynamics in the exchange space.

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