David Schwartz Expresses Regret Over Selling XRP at 10 Cents as Price Surpasses $1.10 Resistance

1. Ripple CTO Emeritus David Schwartz regrets selling XRP at $0.10 after price broke above $1.10 resistance. Newsworthy Reliable Negative
2. Schwartz sold XRP and 40,000 ETH due to a risk reduction agreement with his wife, not loss of faith. Relevant Reliable Neutral
3. XRP price recently climbed to about $1.12, reclaiming the $1.10 level and shifting momentum toward the bulls. Newsworthy Reliable Positive
4. Momentum indicators suggest bearish momentum may be fading, but confirmation of breakout is still pending. Relevant Plausible Neutral
5. Institutional demand for XRP remains strong with nearly $40 million fresh inflows into XRP ETPs and increased spot volume. Newsworthy Reliable Positive
6. The XRP price could push toward $1.50 if $1.12 support holds and resistance around $1.18 and $1.20 are cleared. Relevant Plausible Positive
7. Bitcoin Hyper presale raised $32.9 million offering early-stage entry with smart contract features on Bitcoin’s security. Relevant Plausible Positive
8. Schwartz highlights the challenge of holding conviction in markets, lamenting timing the market is hardest trade. Relevant Reliable Neutral

Type: standard news · Analysis confidence: 95%

Used in syntheses

• ChatGPT forecasts XRP price at $1.35 by Q3 2026 • Ripple triples prime brokerage revenue • Secures full EU MiCA authorization • XRP Ledger surpasses 8 million accounts • ETF inflows mixed • Former CTO regrets early XRP sales • XRP classified as digital commodity by SEC and CFTC
• XRP price rises 5% toward $1.15 resistance with derivatives open interest near $2.4B • Ripple to release 1B XRP from escrow August 1 mostly re-locked • Institutional use of XRP Ledger grows with upgrades • Trading volumes fall sharply in South Korea and Binance amid cautious sentiment • Ripple revenue triples YoY as RLUSD stablecoin gains • Price outlook hinges on US regulatory clarity and ETF demand