3 Developments Likely to Leave XRP Holders Furious This Week

Jakarta, Pintu News – Crypto commentator Jfab highlighted a number of events that have left the XRP community feeling “furious” this week.

The beginning of the week was filled with enthusiasm from investors, especially since October is historically associated with sharp price spikes. Many crypto traders were hoping that the momentum would return with the potential for big profits.

However, that optimistic mood quickly turned into disappointment for some XRP (XRP) holders.

The Events that Made XRP Holders Furious this Week

In a post on X, crypto commentator Jfab highlighted several developments that he said left the XRP community feeling disappointed and angry.

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On September 30, SWIFT and Chainlink announced an expansion of their collaboration to launch a new system for financial institutions. The system enables the management of tokenized assets directly through SWIFT’s existing messaging network, supported by the Chainlink Runtime Environment.

However, the news was not well received by many XRP holders. This is because a number of influencers in the XRP community previously speculated that XRP could one day replace SWIFT’s role, or at least become a partner that goes hand in hand with the financial messaging service giant.

With SWIFT instead launching its own blockchain ledger and expanding its partnership with Chainlink, Jfab asserts that many members of the XRP community are furious at this latest development.

David Schwartz Steps Down from Ripple CTO Position

Crypto commentator Jfab also highlighted David Schwartz’s stepping down from his role as Ripple’s CTO as one of the events that left many XRP holders disappointed. On September 30, Schwartz announced that he would be relinquishing the role of Ripple CTO by the end of this year and joining the company’s board as Emeritus CTO.

The news of his resignation came as a shock to the XRP community, given Schwartz’s long relationship with XRP supporters. As the co-founder of XRP Ledger (XRPL) – the technology behind the XRP crypto asset – he is known for actively interacting with the community and often defending the ecosystem against negative narratives.

For example, back in August when Custodia Bank CEO, Caitlin Long, stated that banks were reluctant to use XRPL and XRP due to centralization reasons, Schwartz immediately challenged her to a discussion with relevant data and facts.

Although Schwartz will still interact with the community in his capacity as Emeritus CTO, Jfab thinks this move still makes the “XRP Army” furious.

XRP ETF approval could be delayed

Adding to the community’s unrest, reports have surfaced that a potential prolonged US government shutdown could trigger new anxieties. Nate Geraci, President of NovaDius Wealth Management, emphasized that if a shutdown were to occur, the approval process for a number of crypto ETFs – including those based on XRP – could experience serious delays.

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His statement is in line with the SEC’s recent announcement that the agency will not approve new financial products during the government shutdown.

Many XRP advocates had previously hoped that the SEC would give the green light to an XRP-linked ETF this month, as it is considered an important catalyst for mainstream adoption and price growth.

However, with reports suggesting a budget impasse in the US Congress and a shutdown likely to be imminent, the SEC’s final decision on the XRP ETF could potentially be delayed indefinitely.

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Reference:

• The Crypto Basic. Here Are 3 Events That Left XRP Holders Furious This Week. Accessed on October 3, 2025