Ripple CTO David Schwartz Explains Why XRP Could Gain Value as XRPL Adoption Grows

On October 23, Ripple CTO emeritus David Schwartz argued on X that growing XRP Ledger adoption could increase demand for XRP, rejecting the idea that the ledger could become a major financial platform without meaningful demand for its native asset. He cited XRP’s role as a liquidity bridge, its availability to any account without counterparty risk, its use for transaction fees, and the ledger’s decentralized exchange potentially routing trades through XRP. Schwartz said an outcome in which XRPL succeeds financially while XRP attracts little demand is very unlikely, though a single-settlement-asset world could differ. Santiment reported last Thursday that XRPL reached a record 8.24 million non-empty wallets, with daily creation at 4,772; XRP traded at $1.31 at press time.