Ex-Ripple CTO Finally Tells Us Why Crypto Is A Nightmare

So, David Schwartz-yeah, the guy who helped build XRP-decides to go on X and, surprise surprise, talks about the XRP price. And, no shocker here, he’s a little bummed. I mean, who wouldn’t be? The whole crypto market is like a bad sitcom that never ends.

Some random X user asks him, “Are you depressed about XRP?” And he goes, “A little… okay, fine, a lot. Actually, the whole crypto market is depressing. Anyone know why?” I mean, really, you’re telling us that billions of dollars in digital monopoly money make you sad? Who could’ve guessed?

A little. The whole crypto market makes me sad sometimes. Anyone know why?

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– David ‘JoelKatz’ Schwartz (@JoelKatz) March 5, 2026

Look, David’s not just whining about XRP. He’s whining about everything. The man built part of the XRP Ledger and still spends his free time scrolling X, witnessing the chaos. If anyone knows how sad the market is, it’s him. And yeah, it’s not just XRP-since October, billions got liquidated. B-illions! That’s with a B, people.

Altcoins are flailing like fish out of water, and XRP’s no exception. According to CryptoQuant, 38% of altcoins are touching all-time lows. That’s right, it’s worse than after FTX. Congratulations, everyone, welcome to despair season.

XRP hourly golden cross emerges

Now, hold on a second, there’s a glimmer of hope. A golden cross appeared on the XRP chart. Exciting, right? Well, last time this happened, it was overruled by a death cross. So, yeah, enjoy it while it lasts. At writing time, XRP is down 2.73% to $1.44. Because, of course.

Economic data says, “Hey, inflation’s cooling down a bit,” but the markets are like, “Yeah, thanks, but we’re still suspicious.” Investors are eyeing jobless claims on Thursday and nonfarm payrolls on Friday-basically just more numbers to stress out over.

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2026-03-05 17:32