Ripple’s chief architect of the XRP Ledger, David Schwartz, has once again pushed back against XRP community speculation that his social media posts contain hidden price signals. The latest controversy began after Schwartz posted a bagpipe GIF during an online debate, prompting retail investors to link the image to old XRP folklore.
In 2017–2018, an anonymous insider known as Bearableguy123, or BG123, published riddles suggesting XRP could rise to $589. His most famous image depicted an astronaut on the Moon holding bagpipes — a symbol still referenced in meme coin and NFT projects on the xrp.cafe marketplace. When users revived the theory, Schwartz responded bluntly: “In other words, when the pipes started playing, it often meant it was time to move... away from the bagpipes.”
Schwartz has consistently dismissed community theories about “magic buttons,” court-imposed travel restrictions, and secret government plans to make XRP a global reserve currency. He has also rejected ultra-high price predictions around $10,000 per token spread by BG123 supporters. His market-math argument is that if large rational investors believed there was even a minimal probability of such outcomes, the current XRP price would already reflect those expectations far more strongly.
The Ripple executive says social media posts by top management are personal content and humor, not encrypted financial signals, and he urges investors to use their heads rather than base decisions on fabricated narratives.
