XRP’s Price Plunge: David Schwartz’s Burn Banter Backfiring?

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XRP (XRP), the fifth-largest cryptocurrency, has been trading like a ghost in a bank vault lately, with weekly volume slumping since February and spot ETFs cashing out faster than a thief in a crowded market.

This is the sound of the market sighing and checking its watch. Ripple’s latest expansion efforts are about as effective as a witch’s broomstick in a hurricane-lots of flapping, no real lift.

Trading Volume Tanks, ETFs Take a Powder

CoinGecko’s numbers suggest XRP’s weekly volume dropped 27.5%, from $22.9 billion to $16.6 billion. Investors are now watching the coin like a suspiciously empty teapot, wondering if the “tea” will ever bubble again.

Meanwhile, XRP ETFs are hemorrhaging cash. SoSoValue reports two weeks of outflows, with $28 million fleeing in one week alone. That’s enough to fund a small dragon’s retirement, but not enough to buy David Schwartz a new coffee cup.

Burn It With Fire? Not So Fast

XRP’s price wiggled up 3.89% during a market rally, but it’s still dancing to the same sad violin as the rest of crypto. Ripple’s partnerships and licenses are the crypto equivalent of a new coat of paint on a sinking ship.

Some XRP holders, frustrated by the lack of fireworks, have suggested burning escrowed tokens. David Schwartz, ever the pragmatist, pointed to Stellar’s 2019 burn as proof that reducing supply is like trying to start a fire with ice cubes.

“Somewhere on this chart, XLM burned half its supply. Can you find where?”

– David ‘JoelKatz’ Schwartz (@JoelKatz) March 12, 2026

Perhaps the real question is whether ecosystem growth will ever translate to profit. For now, XRP’s price is as predictable as a cat in a clock shop-present, but entirely unhelpful.

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2026-03-16 08:32