based on the material from the site - By Times Tabloid
David Schwartz, Chief Technology Officer of Ripple and one of the main developers of the XRP Ledger (XRPL), recently shared new insights about his personal purchases of XRP. Contrary to assumptions that he received tokens as compensation for his foundational role in the project, Schwartz confirmed that he acquired his XRP assets independently from the open market.
Confirmed early purchase at $0.006
In a recent communication with the XRP community, Schwartz stated that he bought XRP at a price of $0.006 per token. His comments came in response to a post by 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. In Schwartz's response, he emphasizes that his entry was significantly earlier and at a lower valuation.
This explanation also aligns with statements that Schwartz made in the past. In earlier interviews, he explained that he did not receive XRP as part of the initial distribution of Ripple tokens. Instead, he chose to buy Ripple shares, a decision he publicly contemplated, considering the superior liquidity of XRP.
Schwartz also mentioned that in the early days of Ripple he was offered to receive his salary in XRP, but he preferred to take cash payments to meet immediate financial needs. He emphasized that acquiring XRP on exchanges had always been an accessible option for him.
Long-term price action and market behavior of XRP
From 2022 to the end of 2025, XRP traded near the $0.50 mark for extended periods, providing several windows of opportunity to accumulate at that price level. However, the token ultimately broke above this range during a significant market rally in November 2025, coinciding with a broader rise in the cryptocurrency space.
After this breakout, XRP surpassed the levels of $0.50 and $1 and has recently maintained a price around $2.28.
During this price surge, many new investors entered the market. However, long-term holders who bought during its extended consolidation phase saw significantly greater profits. Schwartz's early purchase at $0.006 places him in line with the earliest followers with one of the lowest known entry points.
In April, Schwartz reported that at one point his XRP balance peaked at 26 million tokens. While the exact timing of these purchases is unclear, if he had acquired the entire amount at his stated entry price of $0.006, the total investment would have been 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 profit of over $58 million, assuming the assets were held in full. However, Schwartz had previously stated that he did not sell a significant amount of his XRP, although his current holdings are not publicly known.
If XRP reaches $10, as predicted by analysts such as EGRAG, based on technical indicators, Schwartz's peak asset value could rise to $260 million, assuming he still holds all 26 million XRP.
Although predictions vary, Schwartz's early investments represent a compelling example of long-term value growth in the cryptocurrency sector.
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