David Schwartz, Chief Technology Officer at Ripple and one of the principal developers behind the XRP Ledger (XRPL), recently shared new insights about his personal XRP purchases. Contrary to assumptions that he received tokens as compensation for his foundational role in the project, Schwartz confirmed that he acquired his XRP holdings independently from the open market. Early Purchase Confirmed at $0.006 In a recent interaction with the XRP community, Schwartz disclosed that he bought XRP for $0.006 per token. His comments came in response to a post from Stedas , a well-known community figure, who suggested that XRP veterans, often referred to as “OGs”, entered the market when the token was trading around $0.50. Schwartz’s response underlined that his entry was at a significantly earlier and lower valuation. $0.006 — David 'JoelKatz' Schwartz (@JoelKatz) July 5, 2025 This clarification also aligns with statements Schwartz has made in the past. In earlier interviews, he explained that he did not receive XRP as part of Ripple’s initial token distribution. Instead, he opted to take Ripple stock, a decision he has publicly reflected on given XRP’s superior liquidity. Schwartz also mentioned that during the early days of Ripple, he was offered the choice to receive his salary in XRP but chose to take payments in cash for immediate financial needs. He emphasized that acquiring XRP from exchanges was always an option available to him. XRP’s Long-Term Price Action and Market Behavior Between 2022 and late 2025, XRP traded near the $0.50 mark for extended periods, providing several windows of opportunity for accumulation at that price level. However, the token eventually broke out above that range during a significant market rally in November 2025, which coincided with a broader uptick across the crypto space. Following this breakout, XRP surpassed both the $0.50 and $1 levels and has more recently maintained a price of around $2.28. During this price surge, many new investors entered the market. Still, long-term holders who purchased during its extended consolidation phase have seen significantly larger gains. Schwartz’s early acquisition at $0.006 places him among the earliest adopters with one of the lowest known entry points. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP at $10 In April, Schwartz revealed that at one point, his XRP balance peaked at 26 million tokens. Although the exact timing of these purchases is unclear, if he acquired the entire amount at his reported entry price of $0.006, the total investment would have amounted to just $156,000. At the current trading price of $2.28 , those 26 million tokens would be valued at approximately $58.5 million. This represents an unrealized gain of over $58 million, assuming the holdings were maintained in full. However, Schwartz has previously stated that he has not sold significant amounts of his XRP, though his current holdings are not publicly known. If XRP were to reach $10, as forecasted by analysts such as EGRAG based on technical indicators, the value of Schwartz’s peak holdings could climb to $260 million, assuming he still holds the full 26 million XRP. While projections vary, Schwartz’s early investment provides a compelling case study of long-term value appreciation in the cryptocurrency sector. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CTO Spills the Beans: XRP Entry Point and ROI Revealed appeared first on Times Tabloid .
