Former Ripple CTO David Schwartz has responded directly to growing frustration among long-term XRP holders, rejecting suggestions that Ripple has an undisclosed strategy it has yet to reveal to the community.
The exchange began after XRP community member My2Cents called on Schwartz and Ripple CEO Brad Garlinghouse to address what he described as mounting anger among holders.
The post argued that many XRP investors have remained loyal through years of regulatory uncertainty and shifting market narratives but are still waiting for that patience to translate into stronger price performance.
Schwartz pushed back against the idea that Ripple is withholding a bigger plan.
“We talk about our plans constantly. There’s no secret plan we aren’t telling you about,” Schwartz replied.
I'm not sure what you think we haven't already told you. We talk about our plans constantly. There's no secret plan we aren't telling you about.
— David 'JoelKatz' Schwartz (@JoelKatz) November 9, 2026
XRP Holder Frustration Intensifies Near $1.09
The exchange comes at a particularly difficult point for XRP.
CoinMarketCap currently places XRP near $1.09, down more than 20% over the past 30 days. XRP has also fallen substantially from the levels seen earlier this year, increasing pressure on holders who have waited through several market cycles for a larger repricing.
That frustration has become increasingly visible across social media.
The Crypto Basic recently documented how XRP holders criticized Schwartz following a routine price update, with some questioning why years of XRP Ledger development and Ripple expansion have not produced stronger returns.
The tension also reflects a wider disconnect between Ripple’s corporate progress and XRP’s market performance. Ripple has expanded through payments, custody, stablecoins and institutional infrastructure, while XRP price and Ripple’s business progress have continued moving in very different directions.
Schwartz Says the Facts Are Already Public
Schwartz expanded on his response after My2Cents said some holders feel they have been misled.
He said he was unsure what additional issue needed addressing because the debate largely involves people reaching different opinions from the same publicly available facts. Schwartz maintained that he has repeatedly discussed both those facts and his own conclusions about them.
The response draws an important distinction between Ripple having an undisclosed roadmap and XRP holders being dissatisfied with the outcome of the roadmap already communicated.
There is no evidence in the exchange that Ripple has promised XRP holders a particular investment return or price.
Still, expectations remain high among portions of the community. Earlier this month, another holder called on Ripple executives to deliver a substantially higher XRP price, arguing that long-term supporters have not benefited proportionately from Ripple’s growth.
Ripple’s Strategy and XRP Price Remain Separate Questions
The dispute ultimately centers on two different issues.
Ripple can continue expanding its business, XRP Ledger infrastructure can continue developing, and XRP can still underperform in the market. One does not mechanically guarantee the other.
That distinction has become increasingly important as Ripple expands products such as RLUSD. Garlinghouse recently clarified that RLUSD is designed to compete with other stablecoins rather than replace XRP.
For frustrated holders, however, the immediate issue remains price.
Schwartz’s latest response makes Ripple’s position clear: there is no hidden plan waiting to be disclosed. The debate now shifts back to whether the strategies already public can eventually generate the XRP adoption, liquidity and market demand long-term holders expect.