David Schwartz Cracks Down On XRP Spam As Holder Sentiment Falls To Its Weakest
The mood around XRP has soured. Social media sentiment toward the token has fallen to its lowest level since July, according to crypto analyst Ali Martinez. Meanwhile, David Schwartz, Ripple’s CTO Emeritus and one of the architects of the XRP Ledger, says he has started blocking users who follow him around X to post insults and accusations.
The two developments come as XRP trades near $1.19, after falling more than 7% earlier this week.
Crowd Turns Bearish On XRP
Martinez said online chatter about XRP has turned sharply negative. He suggested, however, that this could work in the token’s favour.
Traders who think this way watch for moments when the crowd is most pessimistic, because markets often move against the majority view. Martinez said XRP appears to be forming a possible inverse head-and-shoulders bottom on its chart, a pattern often read as a sign that a downtrend is ending.
“The bullish trade may not be overcrowded yet,” Martinez wrote, adding that most traders do not seem to have noticed the setup.
In an earlier post, Martinez put the pattern’s neckline at $1.60, with a break above it pointing to $2.10. The token is now well below that level.
Schwartz Draws A Line On Reply Spam
Schwartz said there has been a sharp rise in people replying to his posts on other users’ threads, often about topics that have nothing to do with crypto. Many of those replies accuse him of fraud or call him a “scammer.”
According to Schwartz, the replies flood the followers of the people he is talking to, and some of them end up blocking him as a result. To stop that, he said he will block users who do it, whether the post is critical or supportive.
“I will block for this whether your post is a criticism or a compliment,” Schwartz wrote.
Schwartz added that he does not mind criticism or accusations, as long as they contain real points instead of slurs and are posted in a relevant place, such as his own threads. He also offered to unblock anyone who promises to stop, “even if you absolutely hate me.”
A New Space For XRP Projects
One community member asked how builders could bring new XRP Ledger projects to Schwartz’s attention, and suggested a weekly thread where newcomers could introduce themselves. Schwartz replied, “That’s a great idea!!!!”
He soon opened a thread inviting people to promote their XRP and XRP Ledger projects. He also welcomed posts about other crypto projects and even non-crypto ventures.
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