Ripple Vet Defends Controversial 2017 XRP Price Take
Analysis
Price Impact
LowThis news is about a historical statement from 2017 that is being re-examined. while it involves a prominent ripple figure, it doesn't present new information or developments directly affecting xrp's current market dynamics or future utility. the discussion is focused on past commentary and its interpretation.
Trustworthiness
HighPrice Direction
NeutralThe article discusses a past statement and its misinterpretation. it does not offer a new price prediction or reveal any fundamental changes that would directly cause a significant price movement. the defense of the old statement clarifies intent but doesn't alter current market conditions.
Time Effect
LongThe discussion revolves around a 2017 statement, indicating a long-term perspective on the interpretation of past commentary. the defense of the statement implies its relevance in ongoing community discussions about xrp's value proposition.
Original Article:
Article Content:
Cover image via U.Today 'XRP can't be dirt cheap' Deleting the Arbitrum posts Advertisement Ripple vet David Schwartz , who frequently interacts with members of the XRP community on X, has defended a widely debated 2017 social media thread regarding the price of the major altcoin. This came after an X user accused Schwartz of spending his time "fooling the XRP community" and asking if the Ripple vet planned on deleting his old statements. 'XRP can't be dirt cheap' Back in November 2017, Schwartz tweeted that XRP cannot be "dirt cheap" if it were to handle massive global transaction volumes. HOT Stories Ripple Vet Defends Controversial 2017 XRP Price Take XRP's Price Recovery Pattern Finally Finished, Ethereum (ETH) $3,000 Breakout Attempt Invalidated, Minor Shiba Inu (SHIB) Uptrend Continues: Crypto Market Review "It can't be dirt cheap. That doesn't make any sense," Schwartz wrote in 2017. "If XRP costs $1, they'd need a million XRP which would cost $1 million. If XRP cost a million dollars, they'd need one XRP which would, again, cost $1 million." Advertisement Schwartz continues to stand by this nine-year-old economic assessment. However, he has admitted he has considered deleting the original tweets due to rampant price speculation within the community. You Might Also Like Fri, 04/10/2026 - 11:53 Ripple CTO Emeritus David Schwartz Explains Why No One Alive Likely Has Satoshi's Keys By Gamza Khanzadaev According to the Ripple vet, the post is widely misinterpreted as a price prediction, but he insists that removing it and the context around it "would do more harm than good." Advertisement His explanation of liquidity and market depth was never meant to be taken as a guarantee of future value. "I think it's very simple," Schwartz stated. "But somehow people seem to think it's a price prediction or evidence that XRP was designed to have a high price (whatever that even means)." Deleting the Arbitrum posts Earlier in the week, Schwartz deleted a series of posts regarding the Arbitrum Security Council’s controversial decision to freeze over 30,000 ETH tied to the KelpDAO exploit. Initially, Schwartz had defended the network intervention. In fact, he actually compared Arbitrum's actions to the famous 2010 "value overflow incident." However, he then walked back this statement and deleted the posts after "confusing Arbitrum with a different type of L2." #Ripple News #XRP Price Prediction