Ripple’s David Schwartz addresses XRP price criticism as token falls to $1.16

Ripple's former chief technology officer David Schwartz has played down his influence over XRP's price after facing renewed criticism from cryptocurrency investors, as the token trades around $1.16 following months of losses. David Schwartz acknowledged having limited influence over XRP prices after criticism from cryptocurrency investors online. Schwartz said he would block users posting irrelevant crypto messages beneath unrelated conversations on X. XRP traded near $1.16 on November 8 after losing nearly 50% over the previous year. The token's daily RSI stood near oversold levels while MACD readings remained negative amid selling. Schwartz previously disputed claims that his XRP liquidity remarks amounted to guarantees about future prices.