Schwartz’s statement came in response to a tweet from an XRP investor undertaking a month-long de-risking strategy.

The broader cryptocurrency market is facing a massive downturn, and XRP has not been spared in the onslaught. Amid this prevailing downtrend, David Schwartz, CTO at Ripple, has stressed the importance of employing a de-risking strategy even with one’s XRP holdings.

Schwartz disclosed this in a recent tweet in response to a statement from an XRP investor who disclosed that he had undertaken a month-long de-risking strategy on his XRP holdings.

Sir Clown Sniper, a pseudonymous XRP investor, recently revealed that up to 55% of his XRP holdings stopped out as XRP dropped to the $0.49 mark. While this isn’t generally a bullish outcome, the investor noted that he feels much better having less exposure to XRP. He also disclosed that he’s been de-risking his XRP position in the past month.

(by Mark Brennan)