XRP Price Turns Oversold as Ex-CTO Reveals Years of Selling

• XRP price is holding just above its lowest Fibonacci support after a two-week slide through several key levels.
• David Schwartz said he sold nearly all of his crypto over many years because he dislikes financial risk.
• His XRP sales followed written plans drafted with lawyers weeks before each trade.
• Schwartz still owns a large stake in Ripple, which he described as more risk than he would like.

XRP traded near $1.07 on Wednesday, November 11, after a two-week slide carried the token through several support levels on the daily chart and left it a few cents above the $1.03 zone that separates it from a drop below $1. The decline coincided with disclosures from David Schwartz, Ripple’s former chief technology officer and one of the original designers of the XRP Ledger, who wrote on X on November 9 and 10 that he has sold nearly all of the digital assets he ever held, shrinking an XRP position that once reached about 26 million tokens to roughly 3 million.

I haven’t bought XRP in a long time. I am very uncomfortable with risk and have sold nearly all of the digital assets I’ve ever held. I still hold quite a bit of Ripple stock, and that alone is more risk than I wish I had.

— David ‘JoelKatz’ Schwartz (@JoelKatz) November 9, 2026

RSI at 27 as XRP Tests $1.03

On the Binance XRP/USDT daily chart, the Fibonacci grid runs from the $1.70 August spike to this week’s low near $1.0311. These retracement levels split a previous move into proportional steps that traders watch as likely turning points, and XRP fell through four of them in early November. Tuesday’s candle touched the base of the structure before buyers stepped in, and Wednesday’s session was up about 1.6% at $1.0737 at the time of writing.

The 50-day exponential moving average sits at $1.2843 and the 200-day at $1.3474, roughly 20% and 25% above the price, and the shorter average has stayed below the longer one since late October, a setup that usually means sellers have controlled the market for weeks. The 50-day line also sits almost exactly on the 0.382 level at $1.2866, which makes the area around $1.28 the hardest barrier for any recovery.

The 14-day RSI reads 27. A value under 30 means the recent selling has been unusually one-sided compared with normal price swings, which often comes before a short bounce, although the indicator remains below its own average at 34 and volume rose through the latest red candles.

26 Million XRP Down to 3 Million

Schwartz shared the figures during a discussion about IRS Letter 6174, a notice the US tax agency sends to remind crypto holders of their reporting duties. He said he sold about 2.5 million XRP in 2025, most of it received in 2020 and 2023, and paid around $1.7 million in capital gains tax on those sales. That figure is tax paid, and without his cost basis, meaning the value recorded when he received the tokens, his actual profit cannot be calculated.

Peak figures are historical highs, not a single combined balance.

The reductions stretched over many years, and part of the XRP was given away or transferred, so the numbers describe a long wind-down with no sign of a single sale this month. He also cut Bitcoin and Ethereum far more deeply than XRP, which weakens the idea that he singled out the token he helped build.

Lawyers Set Each Sale 30 Days Out

Schwartz called himself “very uncomfortable with risk” and said he has not bought XRP in a long time, while admitting that almost every large risk he took in crypto paid off. In July 2026 he described a rule he and his wife followed for years, selling part of their holdings at every new all-time high, which led him to sell XRP near $0.10 and 40,000 ETH at about $1.05 each, roughly $42,000 for coins that would be worth about $76 million at today’s price near $1,900.

Every XRP sale, he said, followed a written arrangement drafted with legal counsel at least 30 days in advance. A senior engineer on a live payment network can learn about bugs or upgrades before the public does, and fixing a sale’s timing weeks ahead removes the chance to act on that knowledge, which is the main defense against accusations of trading on material nonpublic information. The method follows the logic of Rule 10b5-1 trading plans used by US corporate insiders, although Schwartz did not say his arrangement was a formal plan under that SEC rule.

A Ripple Stake He Calls Too Risky

Schwartz helped design the XRP Ledger with Jed McCaleb and Arthur Britto, served as Ripple’s CTO from 2018 and stepped back from his day-to-day role at the end of 2025, staying on as CTO Emeritus and a board member. He confirmed he still holds a substantial amount of private Ripple equity, a position he said carries more risk than he would like. Those shares track a business built on payments infrastructure, custody and stablecoin services, and they are far harder to sell than XRP, though Ripple’s large XRP reserves tie the two together. The company was valued at roughly $50 billion in connection with a $750 million share buyback earlier in 2026.

$10 Million Left XRP ETFs on Monday

The posts landed at a weak moment. XRP sits about 71% below its July 2025 record near $3.65, and US spot XRP exchange-traded funds saw about $10.42 million in net outflows on November 9, according to SoSoValue data, meaning more money left the funds than came in. Some holders read the disclosures as an insider giving up, and several posts wrongly called him Ripple’s founder or said he owns no XRP, yet his remaining tokens are still worth about $3.2 million and nothing links his past selling to the current drop.

A daily close below $1.0311 would open the way toward $0.9522 and bring $1 into play for the first time since mid-August, while a move back above $1.1100 would be the first sign that selling is easing. ETF flow data in the coming sessions should show whether institutional buyers treat the oversold reading as an entry point.

Schwartz’s habit of trimming at every new high also runs against a strategy that has spread among listed companies, which keep adding Bitcoin and Ether to their balance sheets as long-term reserves. Those firms work with shareholder mandates that differ from a family portfolio, but the more telling signal on insider confidence may come from how Ripple’s equity is priced in any future funding round or share sale, since that is where Schwartz has left most of his exposure.