Ripple Chief Technology Officer David Schwartz pushed back against speculation that Ripple is coordinating a large-scale XRP (CRYPTO: XRP) adoption strategy with central banks, warning that investors who believe conspiracy theories are “fooling” themselves.

The NDAs Don’t Mean What You Think

Schwartz addressed rumors on X that Ripple is quietly working on major undisclosed announcements involving central banks and XRP adoption.

“I’m saying the conspiracy theories that constantly claim something big is about to happen or that the government is going to do something massive are almost always going to be completely false,” Schwartz wrote. 

“And if you’re investing time, money, or emotion based on them, you’re fooling yourself,” he added.

Moreover, Schwartz acknowledged that many of Ripple’s partners insist on NDAs to keep their business confidential, but he stressed that non-disclosure agreements don’t imply a major undisclosed event waiting to unfold.

Central Banks Won’t Back Currencies With XRP

Crypto personality Mickle highlighted earlier comments from Ripple’s board director who claimed the firm was in close talks with 30 central banks. 

Wallis said five were announced, five unannounced, while 20 were in conversation.

Schwartz clarified that engagement with central banks should not be mistaken for imminent XRP adoption. “Right, those relationships are public,” he wrote.

“A conspiracy theory would be something like claiming that many of those central banks are going to back their currencies with XRP,” Schwartz added.

XRP 2H Triangle Setup

After a strong rally from $1.28 to $1.52 between April 13-18, XRP has been consolidating inside a symmetrical triangle on the 2H chart with lower highs and higher lows converging toward the apex.

Price is sitting directly on the Supertrend at $1.4479, which is the immediate line to watch. This triangle sits right at the $1.44 horizontal support that has held for four days straight.

The MACD on 2H is crossing bullish—the blue line is curling above the signal line with the histogram just flipping green. Small signal, but timely.

Key Levels for XRP

Support sits at $1.4179 (Supertrend base), then $1.40. 

Meanwhile, resistance clusters at $1.46 (triangle upper), then $1.50, then $1.52.

Triangle apex is today or tomorrow. MACD crossing green at the lows of the consolidation. Break above $1.46 on the 2H confirms the next leg up.

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