Ripple CTO David Schwartz recently reaffirmed that he holds XRP and would increase its price if possible, as he responds to fresh price suppression claims.

The confirmation came as part of a larger discussion within the XRP community regarding XRP’s value, where Schwartz again dismissed allegations that Ripple actively suppresses XRP’s price.

XRP Cannot be “Dirt Cheap”

The Ripple CTO’s remarks emerged after a community member revisited a statement he made back in 2017. At the time, Schwartz argued that XRP’s price couldn’t remain “dirt cheap” due to its utility in cross-border payments. He explained that if XRP were valued at $1, a transaction worth $1 million would require 1 million XRP. However, if XRP were to rise to $1 million per coin, only 1 XRP would be needed for the same payment. He further emphasized that higher prices make transactions more cost-effective.

Now, as XRP struggles to maintain its price around $0.58, the community member sarcastically commented that, despite Schwartz’s previous prediction, XRP remained “dirt cheap” seven years later. In response, Schwartz clarified that the cost to make a $1 million payment in XRP is still exactly $1 million, regardless of the price. His statement indicated that, even with fluctuations in XRP’s value, the overall cost of payments remains tied to the amount being transacted.

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