David Schwartz, Chief Technology Officer at Ripple, has cautioned the XRP community about posting insults and unrelated cryptocurrency content under his social media replies. Ripple, a blockchain-based payments technology company, is known for its digital asset, XRP, which facilitates fast, low-cost international transactions. Schwartz stated on X (formerly Twitter) that he would block accounts disrupting conversations, including supporters who promote XRP in unrelated threads.
Schwartz sets guidelines for XRP Army
Schwartz posted his remarks on November 7 following criticism directed at him and Ripple CEO Brad Garlinghouse. The ongoing public debates have prompted questions about how the community can appropriately engage with him.
He noted a recent surge in users replying to his comments with off-topic content or personal attacks, particularly when he participates in discussions outside the cryptocurrency space.
Schwartz explained that blocking disruptive accounts is a measure he adopts to preserve the quality of conversations, ensuring that other participants and their audiences are not flooded with unsolicited crypto promotion or hostile comments.
He clarified that criticism and challenges are still welcome, provided the remarks are substantive, free from personal insults, and relevant to the subject matter. Schwartz’s moderation also extends to positive comments when they are not germane to the ongoing discussion.
Community suggestions included proposals for a weekly thread dedicated to introductions from new participants in the XRP ecosystem. Schwartz expressed support for such initiatives, suggesting they could offer a more productive space for community engagement.
Some users argued that lack of direct responses fuels repeated attempts to get Schwartz’s attention. Addressing these concerns, Schwartz offered a process for users to request the removal of blocks if they commit to refraining from disruptive behavior, emphasizing he holds no personal animosity.
XRP slides 24% since October as support zones tested
XRP traded at approximately $1.17, down 2.4% in the past 24 hours and roughly 24.5% below the October high of $1.55, according to CoinGlass data. The decline has prompted traders and analysts to monitor multiple support levels amid continued pressure from sellers.
CoinGlass reported around $10.7 million in XRP futures liquidations over the preceding day, with open interest totalling about $2.76 billion. Despite the selloff, this figure reflects significant outstanding derivatives positions.
The platform showed a 12.36% decrease in XRP open interest as the price fell through the $1.21 support zone. This drop indicates traders are reducing their leveraged exposure, although open interest does not reveal whether these positions are long or short.
Recent data also pointed to the weakest social sentiment for XRP since July. Exchange-traded funds (ETFs) tracking XRP recorded net inflows on six days over the past month, maintaining cumulative inflows of $1.81 billion despite more frequent sessions without new investments.
| Metric | Current Value | Previous High (October) | Change |
|---|---|---|---|
| XRP Price | $1.17 | $1.55 | -24.5% |
| XRP Open Interest | $2.76 billion | -12.36% | |
| XRP ETF Net Inflows | $1.81 billion | N/A |
Market analyst ChartNerd identified significant demand between $1.04 and $1.16 after the break below weekly support. A reclaim of $1.34 could improve XRP’s technical outlook. ChartNerd also observed that the token trades beneath its 20-week and 50-week moving averages, which now act as resistance following the loss of 10-week support.
Ali Martinez highlighted the $0.99 level as a possible support boundary, citing weak trading volume and declining market share as challenges for a sustained recovery. He further noted that Bitcoin’s dominance in the market contributes to headwinds for altcoins such as XRP.
Dark Defender, another analyst, maintained that XRP’s longer-term structure remains intact despite the recent downturn. He assigned key support at $1.12, a level that previously served as resistance during July and August, while also marking $1.21 and $1.12 as critical points in late October.
Dark Defender noted that $1.12, previously a resistance ceiling, must now hold as support to stabilize XRP’s price and develop a possible rebound scenario.
Mini dictionary: CoinGlass, a prominent cryptocurrency market data provider, offers insights on futures, options, and spot trading activity across digital asset exchanges, including liquidation and open interest profiles.
