XRP Price Tests $1 Support Amid David Schwartz’s Admission That He Has Stopped Buying XRP
David Schwartz, Ripple’s former chief technology officer, says he has not bought XRP in a long time and has sold nearly all the digital assets he has ever owned. His comments come as XRP extends its decline, trading near $1.06 after a 17.2% drop over the past week.“I haven’t bought XRP in a long time,” Schwartz wrote on X. “I am very uncomfortable with risk and have sold nearly all of the digital assets I’ve ever held.”Schwartz’s Holdings Have Shrunk SharplySchwartz has cut his crypto holdings from their peak:XRP: from about 26 million to 3 millionBitcoin: from about 1,500 BTC to 1 BTCEther: from 40,000 ETH to 6 ETHSchwartz said he still holds “quite a bit” of Ripple stock, and that this alone carries “more risk than I wish I had.” He has said in the past that he “really, really hates risk.” Since around 2012, he has followed a rule of selling some of his crypto each time it hits a new high.The disclosure follows his recent post saying he paid about $1.7 million in capital gains tax after selling around 2.5 million XRP in 2025.XRP Price TodayXRP is trading near $1.06, according to market data. It is down 2.5% in 24 hours and 17.2% over the past seven days, among the worst performers in the top 10 cryptocurrencies.XRP Has Slipped Below Key SupportAccording to an analyst, the token remains in a falling channel and downside momentum is still strong. XRP has now dropped below $1.10, the 78.6% Fibonacci retracement and a level bulls had hoped would hold.The same outlook expects XRP to keep tracking Bitcoin. If Bitcoin falls further, XRP is likely to follow, since altcoins often drop harder than Bitcoin during corrections.XRP Price Prediction: Levels To WatchSupport:About $1.04 to $1.05: the 88.6% Fibonacci retracement, the next level XRP is testingAugust low near $1: the line that would fully break the bullish setup if lostResistance:$1.19 to $1.24: the first resistance zone. A clear break above $1.24 would be the first sign of a low.$1.34 to $1.35: a stronger confirmation levelThe outlook says XRP could still form a low in this area, because the decline so far looks like a correction and not the start of a new downtrend. If XRP fails to react in the coming weeks, though, recovery will get “really, really difficult” for buyers. A confirmed bottom would need a strong five-leg rally above the first resistance.