XRP's price decreased by 0.66% to $2.85 after Ripple CTO David Schwartz announced he will step down from daily responsibilities by the end of 2025. The announcement led to $59.92 million in liquidations, predominantly from short positions totaling $56.99 million. Additionally, a significant $123 million XRP transfer by a whale contributed to market volatility. Schwartz will continue as CTO Emeritus and a board member, but the market's reaction reflected uncertainty.