Ripple CTO David Schwartz Regrets Selling XRP at 10 Cents

Ripple CTO Emeritus David Schwartz recently shared a candid look at his past trading decisions. He confirmed that he sold his XRP holdings at 10 cents and parted with 40,000 ETH at roughly one dollar each. These moves were part of a risk management plan agreed upon with his wife rather than a lack of belief in the assets. While he regrets the timing, he noted that his aversion to high risk drove the decision to sell during previous all time highs.

The timing of this admission is notable as XRP recently reclaimed the 1.10 dollar price level. This recovery has boosted market sentiment and shifted momentum back toward buyers. Traders are now watching to see if XRP can establish 1.12 dollars as a firm support level after weeks of selling pressure.

Market data shows institutional interest remains a factor with XRP exchange traded products seeing nearly 40 million dollars in fresh inflows recently. Large traders were also active as spot volume spiked during the move above 1.10 dollars. While technical indicators suggest that bearish momentum may be fading, the market is still waiting for a confirmed breakout.

Looking ahead, XRP faces several potential paths. If 1.12 dollars holds, the price could aim for the 1.18 dollar resistance level. A sustained push above 1.20 dollars might open the door for a move toward 1.35 dollars. Conversely, a daily close back below 1.10 dollars would likely draw attention to support zones near 1.04 dollars.