Ripple’s CTO, David Schwartz, has defended the company’s right to sell XRP in its own interest, stirring fresh concerns among investors. His remarks follow criticism that Ripple’s ongoing XRP sales could negatively impact holders of the token.

Ripple’s Stance on XRP Sales

Schwartz, responding to Riot Platforms’ Pierre Rochard, reinforced that Ripple has no obligation to act in investors’ interests. Rochard had previously stated that XRP holders are not investing in Ripple but are merely buying tokens that can be freely sold by the company.

“Ripple can, will, and should act in its own interest,” Schwartz asserted, making it clear that the firm prioritises its business goals over individual investor concerns.

$7 Billion Dormant XRP Wallet Raises Questions

Investor unease grew after blockchain investigator ZachXBT identified a dormant XRP wallet holding over $7 billion. The wallet is believed to be linked to Ripple co-founder Chris Larsen, with past transactions showing over $109 million worth of XRP moved to exchanges in January 2025.

However, most of these addresses have remained inactive for over six years, raising speculation that Larsen may no longer have access to them.

XRP’s Short-Lived Rally Amid Trump’s Crypto Reserve Plans

XRP experienced a brief surge on March 3 following U.S. President Donald Trump’s announcement that his administration’s Working Group on Digital Assets would include XRP, Cardano, and Solana in the U.S. crypto strategic reserve. The price spiked to $2.99 before falling back to $2.50.

Analysts warn that this rally may be short-lived as Trump’s proposed reserve still requires congressional approval—a process that could take considerable time and potentially lead to investor disappointment.

Uncertain Future for XRP

Despite Ripple’s strong stance on XRP sales, the token’s price remains volatile. With ongoing regulatory scrutiny and uncertainty around Trump’s crypto policies, XRP holders face an unpredictable market. As Ripple continues its operations, investors must weigh the risks of holding the asset amid these developments.