David Schwartz, the CTO of Ripple, has responded to accusations of XRP price manipulation on social media. He clarified that he himself holds XRP and would have no reason to suppress its price. Schwartz also stated that changes in Ripple's activity have little impact on the price of XRP, pointing out that it tends to trade in tandem with XLM, the native token of the Stellar network. He admitted to having no knowledge of the specific factors influencing XRP's price action. Despite recent legal victories for Ripple against the SEC, XRP's price performance has been lackluster, currently trading at $0.595 with a market cap of $33 billion.



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