David Schwartz says XRP gas fees have little impact on token price

David Schwartz, former chief technology officer at Ripple and a co-creator of the XRP Ledger (XRPL), addressed misconceptions about the key drivers of XRP’s price performance. Schwartz spoke out on X (formerly Twitter), countering claims that the role of XRP as the native gas token of the XRPL significantly affects the cryptocurrency’s value. Schwartz stated that informed stakeholders rarely argue that using XRP for gas fees is a main influencer of the token’s price. He joined a growing online debate that has focused on the stagnating price performance of XRP, even as Ripple’s ecosystem has continued to expand.