XRP Falls 2.3% As Ripple CTO David Schwartz Exits

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The XRP price has dropped 2.3% in the last 24 hours to trade at $2.86 as 3.30 a.m. EST amid news that David Schwartz will step down as Rippple’s Chief Technology Officer (CTO).

While he will no longer handle day-to-day responsibilities as CTO, Schwartz assured the XRP community that he is not leaving entirely. He intends to stay engaged and continue contributing to the ecosystem, reinforcing his long-standing commitment to Ripple and its community.

🚨JUST IN: CTO of @Ripple – David Schwartz steps back! #XRP pic.twitter.com/GXwZdVSO93

— JackTheRippler ©️ (@RippleXrpie) September 30, 2025

Schwartz’s ongoing involvement as a board member is expected to provide continuity and technical guidance. Ripple’s engineering is now led by Dennis Jarosch, who carries the task of advancing Ripple’s tech innovations.

Investors will watch closely for any new product announcements or partnerships that could boost the XRP price and adoption.

As happens in one’s life, I’ve been taking stock of my last 40 years. It’s been a wild ride. I’ve gone from consulting for the NSA to watching the early stages of Bitcoin. Then, I met Arthur, Jed, and Chris and worked on coding the XRP Ledger. Now, I’ve spent more than 13 years…

— David ‘JoelKatz’ Schwartz (@JoelKatz) September 30, 2025

XRP Active Addresses Drop as Price Holds Steady

XRP Ledger Active Addresses Source: CryptoQuant

XRP Price Drops Amid Leadership Change

XRP price declined from recent highs, hitting a low near $2.81 before bouncing to around $2.86 in the last 24 hours. The coin is still above its important 200-day simple moving average (SMA) at $2.56, which acts as a strong support level and dampens deeper losses.

The 50-day SMA at $2.94 serves as resistance, meaning XRP needs to clear this to regain upward momentum.

XRP price

XRPUSDT Analysis Source: Tradingview

Looking at the chart, the XRP price is trading between key Fibonacci retracement levels from its recent peak near $3.66 to the low around $2.07. The price currently sits close to the 0.618 retracement level at $2.68, a common support zone during corrections.

Technical indicators reflect neutral market conditions. The Relative Strength Index (RSI) is near 46.49, suggesting no strong momentum either way. The MACD is slightly below the signal line but close to neutrality, signalling possible price consolidation.

The Average Directional Index (ADX) reads 14.88, indicating a weak trend, which means the market may be waiting for new catalysts.

If XRP breaks above the 50-day SMA at $2.94, the next resistance zone lies between $3.00 and $3.20. Surpassing this could trigger renewed buying and a test of higher levels near the $3.60 peak.

However, if the price falls below the 200-day SMA at $2.56, XRP might revisit lower supports near $2.41 and $2.07, risking further short-term selling.

XRP remains supported by key moving averages and Fibonacci levels, while technical indicators suggest a wait-and-see market.

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