Ripple's chief technology officer has sold almost all of his XRP, a sign that even insiders are turning cautious on the coin, and one crypto commentator says prices are headed lower as the broader stock market weakens.

• Ripple CTO David Schwarz cut his XRP holdings from millions of coins down to a small fraction, while keeping his stake in private Ripple company stock, which he expects to gain more value ahead of a possible IPO.
• The commentator sold his own XRP earlier this year and says it's now headed below 80 cents, lower than his earlier call, because the whole crypto market tends to fall when stocks fall.
• He says the recent run-up in Bitcoin and XRP was driven by a short squeeze, where traders betting on a price drop got forced to buy back in, not by real strength in the market.
• He has been sitting 80% in cash since December and argues most crypto influencers promising huge price targets are wrong or paid to hype coins.

Outlook: Expect more downside pressure on XRP and other crypto if stocks keep weakening, with a recovery unlikely until the broader market stabilizes.