Ripple CTO Emeritus David Schwartz has clarified that a T-shirt worn at Ripple’s Swell event was originally created to celebrate the XRP Ledger reaching 100 transactions per second — not an XRP price target of $1.
Responding to X user @unknowDLT, Schwartz explained that when the team commissioned the shirt, XRP was trading around $0.30. By the time the clothing arrived, the cryptocurrency had climbed to approximately $1, leading community members to misinterpret the speedometer-style design as a reference to XRP’s market value. Schwartz said the team eventually accepted the misunderstanding rather than correcting everyone.
The shirt reflected an important stage in XRP Ledger development. Historical performance records show that XRPL sustained roughly 80 transactions per second in February 2015, improved to between 120 and 490 transactions per second from March to June 2015, and reached about 525 transactions per second by October 2015. Further development pushed throughput to nearly 1,100 transactions per second in 2016, and by July 2017 testing demonstrated approximately 1,500 transactions per second.
Schwartz did not identify the exact production date, but his account highlights how XRP’s price movement transformed a technical milestone into a memorable moment in the cryptocurrency’s price history.
