Ripple CTO Happy About XRP Rally, Says Price Falls Short of True Value

Ripple CTO David Schwartz expresses enthusiasm about the XRP price surge, but suggested that the price does not showcase its actual value and utility

With the prices of major cryptocurrencies skyrocketing since last week, Schwartz took to X to share his outlook on Ethereum. Commenting on Ethereum’s surge above $3,000, the Ripple CTO said he was pleased to see ETH climb above that level again.

Price Suppression Theories

Schwartz’s remarks echo a common view among XRP supporters that its market price is significantly lower than its utility.

Notably, several financial institutions, including SBI Holdings and Santander Bank, have leveraged XRP for instant and low-cost cross-border settlements. Despite this adoption, many argue that XRP’s price remains far below its true value.

This has led to claims that the price is being suppressed to frustrate retail investors into selling their XRP tokens to institutions. Notably, Schwartz has consistently refuted these suppression theories, particularly those related to Ripple’s monthly XRP sales.

XRP Plunges Below $3 Amid Broader Market Pullback

Meanwhile, XRP recently benefited from the latest Bitcoin rally, with its price crossing the $3 mark yesterday. The last time XRP traded around the $3 level was February 1, 2025.

Shortly after reclaiming $3 yesterday, XRP slumped below that level and is currently trading at $2.87. XRP’s recent dip coincides with a broader market downturn. The prices of assets like Bitcoin and Ethereum are also dipping.

In the meantime, while XRP’s price is down 1.87% in the past day, the token remains up by 27% over the past week.