Ripple's CTO, David Schwartz, has stated that a higher XRP price could enhance its utility in global payments by improving liquidity and reducing volatility. Schwartz argues that contrary to popular belief, a higher price would require fewer tokens for large transactions, thus stabilizing the market. He emphasized that banks favor stable and liquid markets for facilitating large cross-border payments. Additionally, Schwartz announced his intention to step back from his full-time role by the end of 2025.