Ripple CTO Responds to XRP Minting Claims – Is the Supply Actually Capped?

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Last updated: 

March 10, 2025

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Ripple’s Chief Technology Officer, David Schwartz, has responded to fresh claims about XRP’s supply, rejecting accusations that new tokens can be minted at will.

Schwartz took to X to clarify that XRP’s maximum supply is hard capped at 100 billion, refuting statements made by Bitcoin maximalist Pierre Rochard.

Rochard alleged that Ripple creates new tokens “out of thin air” and sells them to investors—a claim Schwartz dismissed, stating that the XRP Ledger has no mechanism allowing new XRP to be minted.

XRP Must Hold $1.70 to Prevent a Major Breakdown

XRP is down 2.8% in the past 24 hours, trading at $2.15 as market sentiment remains weak.

The CoinMarketCap Fear and Greed Index has hit a record low of 15, signaling “Extreme Fear.”

Investors appear to be reacting to President Donald Trump’s creation of separate strategic reserves for Bitcoin and altcoins—a move that, while positive, fell short of expectations as the government will not be purchasing new digital assets.

Despite recent losses, XRP remains the only top-five cryptocurrency to post gains in 2025. The token continues to find strong support between $1.70 and $1.90, bouncing off this range multiple times over the past four months.

However, momentum indicators suggest further downside risk. The RSI sent a sell signal on Sunday, while the MACD is showing increasing bearish momentum.

A break below $1.70 could accelerate losses, pushing XRP into a similar downtrend as Solana and Ethereum, which have recorded double-digit declines this year.

Still, even in a weak market, some standout projects like MIND of Pepe ($MIND) continue to draw investor interest.

MIND of Pepe ($MIND) Raises $7.2M Against All Odds to Launch a Powerful AI Agent

MIND of Pepe ($MIND) is an AI-driven token that blends the cultural appeal of the Pepe the Frog meme with artificial intelligence, helping investors navigate the market with real-time insights.

Designed to interact with users on social media platforms like X, the AI agent collects and analyzes market trends, delivering timely updates to $MIND holders so they can seize high-potential opportunities.

Currently available at a discounted price of $0.0034955 during its presale, $MIND is set for a price increase in less than 14 hours, rewarding early supporters.

To buy $MIND, simply head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet).

You can either swap ETH, USDT, or BNB for this token or use a bank card to make your investment.