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Latest news from Ripple
Well, Jackson Palmer the creator of DogeCoin has had enough. It is returning to its roots by publishing an open source script that automatically blocks Twitter users who mention XRP or Ripple in their bios, profile name or biography.
After being pulverized by an "XRP robot base and army", the new XRP Away script automatically blocks Ripple promoters. It's an extension of what was meant to deal with the Ethereum scam bots that terrified Elon, Vitalik and a host of other influencers before Twitter responded in the second quarter.
To read: XRP Eclipse Ethereum, what is Next For The Major Cryptocurrencies?
If you DM me (your DMs are not open), I will send you the script – it's short, simple and you run it with cron somewhere.
– Jackson Palmer (@ummjackson) 17 September 2018
The reason why Palmer continues to be struck and relentlessly attacked by Ripple's supporters is because of the comments he had on the network in a podcast with Laura Shin. He then said that there is an element of centralization in Ripple and his business model is for profit, where information on its operation can not be easily extracted.
Read also: Compromised Twitter account target, platform without defenses against cryptographers
For people who want to listen outside of iTunes, here's the episode with your really on Soundcloud. https://t.co/QnrImXrbyT
– Jackson Palmer (@ummjackson) November 30, 2018
In a separate interview, Palmer went on to say that XRP supporters are susceptible to marketing and most of the time invest only in XRP. Naturally, this was not well received by the community. As they reacted, Palmer further fueled the already hot space by saying that the XRP community is a "sophisticated network of bots or a 14-year-old group that has stolen parents' credit cards".
Beginning to wonder if the XRP community is actually a sophisticated network of bots or simply a group of fourteen who steal their parents' credit cards. pic.twitter.com/38bN6d4nfW
– Jackson Palmer (@ummjackson) December 1, 2018
XRP / USD price analysis
Weekly chart
After 16 days of minimum lows, XRP prices are stable, gaining in the last day and only 1.4 percent less than last week's close. Although this is too good for investors, because it confirms our previous XRP / USD business plan, we need to see a peak in participation.
From the candlestick scheme we advise the bulls once there is a clear break and close above the 40 cents – our minor resistance line and buy the trigger line. It is easy to understand why. Note that after 17 days of depletion which saw prices at 60 cents at spot prices, XRP prices are likely to fall below 30 cents and 25 cents by canceling the earnings of September 2018 and binning our forecasts.
But, in the last three weeks, there has been a rejection of the lowest lows that caused the bulls to slow down, thanks to the longer squeak that indicated an increase in demand in lower periods of time.
Daily chart
Of note in this period of time is Nov 25 pin bar. After a week of strong bears, prices have found support and since then XRP / USD has fluctuated in historic lows.
For bears to dominate, we must see the clean breakouts below the lows of November 2018. Then and only then will we recommend short films with the first targets at the lows of September 2018 and subsequent to 15 cents or less.
Conversely, the injection of bulls that inflames a rally above 40 cents will trigger the action of aggressive operators. When you print, the bulls should buy on dives with the first targets at 60 cents.
All graphics courtesy of Trading View
Disclaimer: The opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.
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