TLDR
- Ripple CTO says XRPL has a 13-year track record with stable real-world use.
- Validator reports frequent 140,000+ XRP trades between major exchange wallets.
- Tokenized assets on XRPL rose from $5M to $118M in just six months.
- Schwartz plans a personal XRPL server to support validator operations.
Ripple’s Chief Technology Officer, David Schwartz, has commended the XRP Ledger’s (XRPL) infrastructure and long-term performance. His comments come as concerns rise over alleged XRP price manipulation involving large-volume transfers between exchanges.
Ripple CTO Commends XRPL’s Resilience and Structure
David Schwartz, Ripple’s CTO, recently expressed his support for the XRP Ledger, describing it as a strong and proven infrastructure. He said the XRPL has been running for 13 years and has remained stable during that time. He pointed out that building a blockchain is easy, but maintaining it with trust and liquidity is much harder.
According to Schwartz, the XRPL has been “battle-tested” and continuously updated. He said that the ledger runs on a public, permissionless network while still allowing features that help with regulatory compliance. This mix of openness and flexibility, he explained, supports its growing use in financial applications.
We’ve been seeing more and more players in the payments and stablecoins space launch their own blockchains. To me, that’s a clear sign the market sees blockchain as core financial infrastructure — something we’ve believed in and have been building toward on the XRP Ledger for…
— David 'JoelKatz' Schwartz (@JoelKatz) August 13, 2025
He also noted that the XRPL allows direct payments with XRP without using gas tokens. This, along with its low transaction fees, supports faster and cheaper cross-border payments. He believes that such features have helped the network stay efficient and relevant.
Price Manipulation Allegations Surface on XRPL
Despite the praise, fresh allegations of XRP price manipulation have surfaced. A validator named Grape claims to have found irregular transfer patterns that may be affecting XRP prices. Using a Python tool, Grape monitored transfers above 10,000 XRP and found large movements happening frequently.
He reported that over 140,000 XRP were being transferred every few minutes between known exchange wallets. These wallets were mostly tied to exchanges such as Binance and Bitget. Grape believes this could be an example of wash trading.
Wash trading involves moving assets between accounts to create fake demand or trading volume. It is illegal in regulated markets but harder to monitor in the crypto space. These trades can affect algorithms, create misleading trends, and cause price fluctuations.
Grape also noted that the number of active validators securing the XRPL is between 150 and 170. This small validator set raises concerns about the ease of tracking large transactions without clear oversight.
XRPL Sees Fast Growth in Tokenized Assets
While questions remain about trading activities, the XRPL has seen growth in real-world asset (RWA) tokenization. A recent report from Token Relations and Ripple showed that tokenized assets on the ledger rose from $5 million in January to $118 million in July.
This rise marks an increase of over 2,260% in six months, suggesting that more projects are using XRPL for asset tokenization. The network is being chosen for RWA use cases, stablecoins, and other blockchain services that need a secure and low-cost platform.
Schwartz has also announced his plans to set up a high-performance XRPL server to support validators and other services. He clarified that this will be a personal project and not directly tied to Ripple’s official operations.
The XRPL network continues to operate as intended, despite market concerns. As Schwartz backs the ledger’s strength, focus remains on how the ecosystem handles transparency and security issues going forward.
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