Ripple (XRP) Army A Manufactured Web of Bots, Research Reveals

Dalmas Ngetich

1 year ago

2 mins read

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Ripple prices consolidation
XRP Army a blend of phony accounts and bots
Transaction levels lows and averages more than half that of Feb 24 and 25

Geoff Golberg, an independent researcher with the application of Network analysis on social and blockchain data is confident that the harassing XRP Army consists of fake accounts and bots. If anything, this is negative for price and XRP could print lower.

Ripple Price Analysis

Fundamentals

An independent report now reveals that the so-called XRP army is a lie. Instead, the army consists of thousands of bots and at-least 8,000 fake Twitter accounts. By coordinating and working together on several topics touching on Ripple and XRP, the manufactured “army” has one sole objective: That of altering public opinion across the social media platform Twitter.

Unfortunately, this is not the first time Twitter is taking the blame for their laxity. Vitalik Buterin has been forced on many occasions to clarify that he isn’t giving away any ETH. By employing a tactic called Astroturfing, these XRP and Ripple shilling bots were able to deceptively shape public opinion and interpretation of XRP according to Geoff Golberg, a researcher who spent countless hours studying these fake Twitter bots and accounts.

Although he reported his findings with David Schwartz, the Ripple Inc CTO has since gone mute on the subject.

Candlestick Arrangement

At the moment, Ripple (XRP) is still range bound and unchanged from yesterday. It is up 1.7 percent and that, by all accounts, is unusual often registering double-digit gains whenever BTC prices expand.

At this rate, it is increasingly clear that there is strong liquidation at 34 cents—our buy trigger line—and equally strong support at 30 cents.

Therefore, as a laid out in previous XRP/USD trade plan, we shall take a neutral stand on price action aware that XRP is likely to dip before spring up and closing above 34 cents.

Technical Analysis

With ranging prices, participation levels are low. By yesterday’s close, averages stood at 14 million. That is more than half those of Feb 24 and 25 when XRP prices were volatile. Then transaction averages were 30 million and 34 million respectively. Complementing these averages were above average volumes–of 61 million and 52 million. Unless otherwise there are sharp gains above 34 cents complete with high transaction levels, we shall maintain a neutral stand on XRP/USD price action.

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.