According to him:
“The time has come for me to step back from my day-to-day duties as Ripple CTO at the end of this year. I’m really looking forward to spending more time with the kids and grandkids and going back to the hobbies I set aside. But be warned, I’m not going away from the XRP community.”
Rather than leaving the ecosystem, Schwartz plans to operate his own XRP Ledger (XRPL) node and share its output data with the broader community.
He added that he intends to explore new XRP use cases outside Ripple’s current priorities, hinting that more announcements are coming.
To maintain continuity, Schwartz will remain connected to Ripple as Emeritus CTO and has also accepted a position on the company’s Board of Directors.
He emphasized that this new role will allow him to continue contributing to Ripple’s mission and long-term vision while giving him flexibility to pursue independent projects.
“This mighty community wouldn’t exist without you – nor the inventions of Proof of Association, the DEX, smart escrow, continuous auction in an AMM.”
Schwartz’s resignation news did not unsettle XRP traders. Instead, the digital asset gained more than 3%, briefly approaching the $3 threshold, according to CryptoSlate’s data.
This price position is seen as a key point that could trigger further momentum if sustained.
Despite this, XRP trades well below its historic peak of $3.84, leaving room for future recovery.
