Ahmet Bedirhan Arvas 
Ripple’s Chief Technology Officer (CTO) David Schwartz responded to rumors about Ripple buying back XRP tokens. Crypto influencer Mr. Huber pointed out that Ripple sold nearly 238 million XRP in December, evaluating the situation. However, Schwartz stated that Ripple has two options: to continue holding their XRP or to reduce the amount.
Schwartz emphasized that Ripple’s original plan was to reduce their XRP holdings as quickly as possible. Regarding the option of burning XRP, he mentioned that he hadn’t thought of a series of events that would lead to such an occurrence and believed it wouldn’t provide real benefits.
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Schwartz rejected the idea that a decrease in supply couldn’t reduce market value and, therefore, argued against the notion that a significant price increase was necessary. Referring to similar discussions in 2018, he mentioned that Stellar’s token burn contradicted this theory.
In conclusion, Ripple’s CTO Schwartz emphasized that the company continues with its plan to reduce its XRP holdings, stating that they have a clear strategy in this regard.