Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XRP rises towards $3 as early Ripple employee steps away from leadership

XRP rises towards $3 as early Ripple employee steps away from leadership

CryptoSlateCryptoSlate2025/10/01 03:45
By:Oluwapelumi Adejumo

David Schwartz, one of Ripple’s longest-serving figures, announced on Sept. 30 that he will step down as Chief Technology Officer after more than thirteen years in the position.

Schwartz, who joined Ripple in its early days and became one of the most recognizable voices in the XRP community, said the decision followed what he called a “personal inflection moment” after decades of working in technology.

According to him:

“The time has come for me to step back from my day-to-day duties as Ripple CTO at the end of this year. I’m really looking forward to spending more time with the kids and grandkids and going back to the hobbies I set aside. But be warned, I’m not going away from the XRP community.”

Next focus

Rather than leaving the ecosystem, Schwartz plans to operate his own XRP Ledger (XRPL) node and share its output data with the broader community.

He added that he intends to explore new XRP use cases outside Ripple’s current priorities, hinting that more announcements are coming.

To maintain continuity, Schwartz will remain connected to Ripple as Emeritus CTO and has also accepted a position on the company’s Board of Directors.

He emphasized that this new role will allow him to continue contributing to Ripple’s mission and long-term vision while giving him flexibility to pursue independent projects.

Speaking about Schwartz’s role in the development of XRP and the XRPL, Monica Long, Ripple’s president, said:

“This mighty community wouldn’t exist without you – nor the inventions of Proof of Association, the DEX, smart escrow, continuous auction in an AMM.”

XRP edges higher

Schwartz’s resignation news did not unsettle XRP traders. Instead, the digital asset gained more than 3%, briefly approaching the $3 threshold, according to CryptoSlate’s data.

This price position is seen as a key point that could trigger further momentum if sustained.

Despite this, XRP trades well below its historic peak of $3.84, leaving room for future recovery.

The post XRP rises towards $3 as early Ripple employee steps away from leadership appeared first on CryptoSlate.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Buterin: Quantum Computing May Undermine Confidence in Crypto by 2028

- Ethereum co-founder Vitalik Buterin warns quantum computing could break Bitcoin/Ethereum's ECC security by 2028, enabling private key theft. - Quantum-resistant cryptography migration is urgent as tech giants advance 1000s-qubit systems, with ECC-breaking machines expected by 2030. - Industry faces dual challenges: developing post-quantum algorithms while maintaining blockchain functionality during complex decentralized upgrades. - Buterin urges accelerated global collaboration, highlighting that delayed

Bitget-RWA2025/11/19 07:24
Buterin: Quantum Computing May Undermine Confidence in Crypto by 2028

Pi Network's Journey: Evolving from a Community Movement to an International Travel Platform

- Pi Network launches Pitogo Testnet token, enabling travel bookings via decentralized platform to expand real-world utility. - Over 770,000 Pi coins migrated to mainnet in 24 hours, signaling readiness for broader applications ahead of v24.1.0 protocol upgrade. - MiCA-compliant whitepaper reveals EU market entry plans, positioning Pi as non-custodial layer-1 crypto aligned with global regulatory standards. - Ecosystem advances include Pi App Studio upgrades and Sesame Exchange airdrops, accelerating devel

Bitget-RWA2025/11/19 07:24
Pi Network's Journey: Evolving from a Community Movement to an International Travel Platform

Bitcoin News Update: Hayes Moves Crypto Holdings to Zcash, Anticipates Surge Fueled by Privacy

- Arthur Hayes transferred $2.5M in ETH/ENA to institutional market makers, sparking speculation about Zcash (ZEC) accumulation ahead of Bitcoin's 25% decline. - He advocates ZEC > XRP , forecasting $10k-$20k prices, while attributing BTC's slump to U.S. dollar liquidity contraction rather than macroeconomic shifts. - Market volatility pushed Fear & Greed Index to "extreme fear," yet Hayes predicts 2026 U.S. midterms-driven liquidity will reignite Bitcoin amid $500B global central bank injections. - Zcash'

Bitget-RWA2025/11/19 07:24
Bitcoin News Update: Hayes Moves Crypto Holdings to Zcash, Anticipates Surge Fueled by Privacy

Ethereum Updates Today: The Fall of Ethereum DAT Highlights the Vulnerability of Crypto's Institutional Aspirations

- Ethereum's $1B DAT project collapsed, refunding $200M amid crypto market volatility and regulatory uncertainty. - The initiative aimed to bridge traditional finance and crypto but reversed due to risk aversion and macroeconomic pressures. - Ethereum prices dipped below $3,100 while Bitcoin fell below $91,000, reflecting broader market turbulence and liquidity challenges. - Project creators may relaunch DAT if conditions stabilize, emphasizing risk management over short-term crypto ambitions.

Bitget-RWA2025/11/19 07:04
Ethereum Updates Today: The Fall of Ethereum DAT Highlights the Vulnerability of Crypto's Institutional Aspirations