- Ripple CTO David Schwartz will step down in December 2025, moving to the board while staying engaged with the XRP community.
- XRP price holds steady at $2.85, showing resilience despite a 1.5% decline amid leadership change and market trends.
- XRP’s trading volume remains strong at nearly $4.9 billion, indicating steady market participation despite a slight cooling in derivative metrics.
Ripple’s Chief Technology Officer, David Schwartz, revealed plans to step down at the end of 2025, marking the end of a 13-year tenure with the company. Schwartz, also known as JoelKatz within the XRP community, will transition to the role of CTO Emeritus and will join Ripple’s board of directors. Despite the significant leadership shift, the cryptocurrency market’s response to Schwartz’s departure has been relatively calm, with XRP trading at $2.85, only 1.5% lower than the previous day.
Schwartz’s announcement was seen to slightly dip XRP by 1.5. However, the price did not experience any changes but fell within its seven-day trading range that was between $2.71 and $2.98. With a 1.2% growth in the previous week and 4% growth in the previous month, XRP has proved to be a strong player in the market. The general mood on the market appears to be stable, with the 24h trading volume of XRP being almost 4.9 billion dollars, which suggests that investors are still interested in the asset, even with minor decreasing derivatives.
Ripple CTO Transfer and Market Effect.
The move by Schwartz to leave the day-to-day operations is likely to be a gradual process. He highlighted how he was determined to keep in touch with the XRP community by keeping his XRPL node running and interacting with developers about new applications of XRP. Ripple CEO Brad Garlinghouse said that Schwartz had helped develop the company culture and technology vision, and noted that his new board position would keep him engaged in the strategic decisions at Ripple.
XRP is at the stage of consolidation, as the indicators of momentum in the token are mostly neutral. The relative strength index (RSI) is 45, which means that there is no strong trend in either way. The Bollinger Bands are exhibiting tight volatility, which is usually an indication of a possible explosion in the near future. The shorter-term moving averages are telling of sell pressure, but the longer-term averages, which include the 100-day and 200-day moving averages, are telling of underlying strength. In the event XRP returns to a bullish momentum, it would have a chance of breaking the resistance level of over $2.98, and this could lead to additional gains up to $3.17.
Sentiment on the Market and Behavior of Traders.
The Ripple community has reacted to the news of Schwartz with some caution and optimism, making some comments on when he might be leaving based on the blockchain search of SWIFT. Meanwhile, futures markets have been a bit more subdued, with the futures volume down by 3.9% and the open interest dropped by 1.57%. This implies that it becomes more focused on the spot market, where the price of XRP will be fairly stable in the short-term perspective.
