Ripple CTO David Schwartz Crushes $100 XRP Dreams As Price Plunges 12%

Yahoo Finance Published Updated Economy
Sign in to save

Why it matters

Ripple's CTO David Schwartz has expressed skepticism about XRP reaching $50-$100, which led to a 12% price drop to $1.75, causing backlash from holders.

Article tone

Neutral How the article is written, as reported by the source.

Expected market reaction

Bearish Confidence 90% How confidence is read Horizon: Short term Impact: Moderate

Market impact analysis based on bearish sentiment with 90% confidence.

Evidence trail

Evidence
Source Yahoo Finance
Claim Ripple CTO David Schwartz Crushes $100 XRP Dreams As Price Plunges 12%
AI inference Bearish · 90%
Generated 2026-02-02 11:01

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
40256

Original source

Ripple’s (CRYPTO: XRP) Chief Technology Officer David Schwartz has cast doubt on XRP reaching $50 to $100, sparking backlash from holders as the token plunged 12% this week to $1.75. Schwartz Plays Down $100 Target Schwartz responded to speculation about XRP hitting $50-$100 per token in the next few years with skepticism on X, saying he doesn’t feel comfortable making such predictions despite acknowledging his own price forecasts have been consistently wrong. He recalled starting to sell XRP at

Read the full article on Yahoo Finance

Original article published by Yahoo Finance on February 2, 2026. Analysis and insights provided by AnalystMarkets AI.

Related coverage