In defense of its operations Ripple Labs technology chief David “JoelKatz” Schwartz explained that the company can sell XRP tokens for operational funds because the company should protect its own interests. He responded to investor complaints about his XRP inventory management which raised uncertainties for customers.

After Pierre Rochard expressed concerns about XRP to investors, Schwartz provided his response. On March 5 Rochard posted on X (Twitter) that XRP is not a security because Ripple does not require users to receive any benefit or promise.Rochard stated in his March 5 post that XRP owners have no right to limit the number of dumps without joining these stockpiles themselves.

https://twitter.com/BitcoinPierre/status/1897049971377250626

Ripple’s CEO fully supported Rochard’s opinion about XRP when he said “you got it all right.” Ripple has total authority to maintain its business objectives at all times. His comments revived arguments about how much control Ripple holds over XRP and its impact on its market value.

People are discussing Ripple’s XRP sales because interest in the company’s resources has increased again.

ZachXBT Uncovers Dormant XRP Wallet Worth Billions

On March 3 blockchain expert ZachXBT found a lengthy idle XRP wallet holding billions of dollars worth of tokens. Since 2016 nobody has used the wallet associated with Ripple co-founder Chris Larsen’s name.

After the US Crypto Reserve announcement ZachXBT used a Telegram post to remind readers that Chris Larsen controls 2.7 billion+ XRP tokens ($7.18 billion) inside his locked wallets. The researcher discovered that Larsen-related addresses moved $109 million worth of XRP to trading platforms during January 2025. People remain uncertain whether Larsen can access the available funds right now.

XRP experienced a brief price surge on March 3 following an announcement from former U.S. President Donald Trump. The Trump administration’s Working Group on Digital Assets directed that XRP, along with Cardano (ADA) and Solana (SOL), be included in the proposed U.S. crypto strategic reserve alongside Bitcoin (BTC).

The news initially propelled XRP to a peak of $2.99 on March 2. However, the token failed to sustain its gains and has since dropped to $2.50, according to Markets Pro data.

From the Bitcoin 2024 conference Trump declared his intent to build a Bitcoin reserve for the nation. The government shows more interest in cryptocurrency but it is unclear whether the proposed reserve will be established.The performance of XRP and public crypto acceptance depends on market developments and government decisions that investors need to monitor.