XRP Price Builds Momentum While Ripple CTO David Schwartz Steps Down

XRP has gained 2.9% in the last 24 hours, trading at $2.94 as buyers defend a key demand zone. The digital asset has tested this support level multiple times since July, creating a triple bottom pattern that signals potential strength ahead.

Triple Bottom Formation Suggests Bullish Momentum

The demand zone has proven resilient through three major tests. On July 5th, XRP rebounded sharply from this level, triggering an upward move that lasted into mid-July. A similar bounce occurred on August 22nd, accompanied by strong volume. The most recent defense, which occurred on September 18th, reinforced the importance of this price floor.

The current structure indicates that sellers are losing momentum while buyers are accumulating positions. XRP faces descending resistance that has capped previous rallies. However, the repeated bounces from support indicate growing strength among holders.

Technical indicators support a cautious but optimistic outlook. The RSI sits near neutral territory, leaving room for additional upward movement. Price action suggests consolidation before a potential breakout.

Analysts project XRP could reach $3.66 if the asset breaks above the descending channel. Some forecasts extend to $4 by year-end, assuming continued defense of the demand zone and a decisive move through resistance. The chart pattern indicates preparation for a broader rally cycle.

XRP/USDT 1-Day Chart (Source: TradingView)

David Schwartz Steps Down as Ripple CTO

Ripple Chief Technology Officer David Schwartz announced his resignation, effective at the end of 2025. Schwartz has served in this role for over a decade, playing a central part in building the XRP Ledger infrastructure.

In his departure statement, Schwartz expressed confidence in the next generation of developers. He thanked the community of builders who contributed to the network’s growth. His message emphasized the importance of continued involvement, despite stepping away from the CTO position.

Schwartz clarified that his resignation does not mean complete disengagement from XRP projects. He plans to remain active in initiatives that align with his interests. This approach aims to maintain continuity while allowing fresh leadership to guide the platform.

The timing of this transition coincides with Ripple’s implementation of significant network updates. Schwartz highlighted ongoing improvements aimed at expanding XRP adoption and functionality. His public reassurance targets concerns about leadership changes affecting the project’s direction.

Leadership transitions typically create short-term uncertainty in cryptocurrency markets. However, Schwartz’s planned involvement and positive framing may limit negative sentiment. The announcement has not triggered significant selling pressure, suggesting the market views this as a planned succession rather than an abrupt departure.

XRP’s price action combines strong technical positioning with evolving organizational dynamics. The triple bottom formation provides a solid foundation for potential gains. Resistance remains a challenge, but repeated defense of support levels demonstrates buyer commitment.