XRP Price Tests Support as David Schwartz Warns the XRP Army
TLDR:
- XRP price trades near $1.17, roughly 24.5% below the cited October level of $1.55. Analysts are watching several potential support zones.
- David Schwartz will block accounts posting insults or irrelevant XRP content. He welcomes substantive criticism in appropriate discussions.
- Coinglass data shows a 12.36% decline in XRP open interest. XRP ETF cumulative net inflows remained $1.81 billion despite fewer inflow days.
- Analyst ChartNerd identified demand between $1.04 and $1.16, while Ali Martinez highlighted $0.99. Dark Defender emphasized support at $1.12.
David Schwartz has urged the XRP Army to stop posting insults and unrelated cryptocurrency comments beneath his social media replies. Ripple’s CTO emeritus said he would block accounts that disrupt conversations, including supporters promoting XRP in unrelated threads.
He said criticism remains welcome when people offer substance, avoid slurs, and choose an appropriate discussion. The message arrived as the XRP price traded near $1.17, with sellers maintaining pressure after an October decline.
David Schwartz Sets Boundaries for XRP Army Discussions
Schwartz published the message on X on November 7 amid criticism of him and Ripple CEO Brad Garlinghouse. The public exchange raised questions about how community members can reach him.
Recently, there's been a significant increase in people responding to replies of mine that have nothing to do with crypto with insults or crypto content. I hate to do it, but I pretty much have to block for this because otherwise the people I'm replying to have no choice but to…
— David 'JoelKatz' Schwartz (@JoelKatz) November 7, 2026
Schwartz said irrelevant replies had increased, especially when he joined conversations about subjects outside cryptocurrency. He explained that leaving those replies unchecked exposes other participants and their followers to unwanted crypto posts.
Blocking, he said, helps protect those conversations from repeated disruption. His policy covers hostile comments and enthusiastic promotion when either appears beneath an unrelated exchange.
David Schwartz also addressed accusations involving fraud or scams. He said people could challenge him, provided their comments contained substance and avoided personal slurs. Relevance and placement remained central to his expectations.
The warning extended to accounts that follow his activity and repeatedly insert XRP references into separate discussions. Even praise for the token could breach his boundaries when it interrupted another topic.
Responses from the XRP Army included a suggestion for a weekly thread welcoming introductions from new ecosystem participants. Schwartz reacted positively to the proposal, which would give community promotion a dedicated venue.
Another participant argued that unanswered messages encouraged people to keep seeking his attention. Schwartz nevertheless offered a path back for blocked users who agreed to stop disruptive replies. He said they could contact him about removing the block and stressed that he held no personal hatred.
XRP Price Tests Support as Traders Cut Leveraged Positions
The XRP price stood near $1.17 in CoinGlass data, down 2.43% over 24 hours. Compared with the cited October level of $1.55, that represents a decline of approximately 24.5%.
CoinGlass listed roughly $10.71 million in total futures liquidations during the preceding day. Open interest stood around $2.76 billion, reflecting substantial outstanding derivatives exposure despite the selloff.
XRP saw a 12.36% decline in open interest as the XRP price lost the $1.21 support level. Falling open interest indicates reduced outstanding exposure, although it does not independently establish the direction of remaining positions.
The report also described social sentiment at its weakest since July. XRP exchange-traded funds recorded inflows on six days during the previous month, while cumulative net inflows remained $1.81 billion. Sessions without inflows can include both withdrawals and flat readings, so that pattern does not establish continuous outflows.
Analyst ChartNerd identified demand between $1.04 and $1.16 after a breakdown beneath weekly support. He said XRP price reclaiming $1.34 could improve the technical outlook.
Nothing has changed in the structure.
$1.12 was the ceiling #XRP fought all of July & August.
Old resistance has one job now: hold as support.Price is still above it.
We marked the Wave 2 supports at $1.21 & $1.12 on this chart on Oct 25, long before today's candle.
— Dark Defender (@DefendDark) November 6, 2026
ChartNerd also noted that XRP price remained below its 20-week and 50-week moving averages. Those levels added resistance for buyers after the loss of the 10-week support floor.
Ali Martinez highlighted a channel boundary near $0.99 as potential support. His assessment also pointed to weak volume and declining market share, with Bitcoin dominance complicating a sustained recovery.
Dark Defender offered a different interpretation of XRP price weakness, maintaining that the longer-term structure remained intact. He identified $1.12 as support, describing a level that previously acted as resistance during July and August. He had marked $1.21 and $1.12 on October 25, before the latest decline reached the lower support area.
This story was originally published by Blockonomi. Read the original article.
