DIVISION in $XRP ! Early Investor Calls to Sell After Departure of Ripple's CTO ๐๐
An early XRP investor says it's time to get rid of XRP after big news. The news of David Schwartz's resignation as daily CTO of Ripple has led early investor Crypto Bitlord to call for an immediate exit to the community, warning that it is "time to sell $XRP " โ ๏ธ.
๐The Context (End of an Era): โณ
๐ธDavid Schwartz, co-creator of the XRP Ledger, announced that he will leave his daily responsibilities by the end of the year after 13 years at Ripple to spend more time with family.
He confirmed that he will remain as Emeritus CTO and board member.
โจ Bitlord's Selling Thesis (The Risk): โ
Bitlord argues that the resignation comes at a critical moment and exposes a fundamental weakness:
๐นIntense Competition: Ripple faces increasing competition, especially after SWIFT launched its own blockchain in partnership with 30+ global banks ๐ฆ.
๐ธFinancial Weakness: He claims that the lack of significant cash flow from Ripple (beyond the sales of $XRP ) is a weakness.
๐นFocus on IPO: He suggests that Schwartz's move to the board is more to prepare for a possible IPO than to signal growth for XRP.
โจ Investor Frustration ๐ฅ
Bitlord, who was once bullish, laments that after more than a decade of holding, XRP has failed to reach life-changing price levels.
๐ฏ The Central Dilemma: The coincidence of Schwartz's announcement with the unveiling of SWIFT's blockchain weakens the argument that XRP will be a "SWIFT killer." Institutions are upgrading their existing systems instead of adopting XRPL.
๐ฏ Schwartz's Counterpoint: Despite his departure, Schwartz emphasized that he will remain active in the XRP community to explore new use cases and return to practical development, programming, and launching new initiatives ๐ก.
