Ripple CTO Donates XRP to Advocate John Deaton

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 17 2026

IMX+0.887%

XRP-0.42%

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Donation Event: Ripple's CTO David Schwartz has donated XRP to John Deaton, a well-known legal advocate for the XRP community, drawing significant attention in crypto circles despite the specific amount remaining undisclosed, highlighting the close ties between Ripple's leadership and its community.
Legal Advocacy: Deaton, a licensed attorney, has actively defended XRP holders in the SEC lawsuit, enhancing his visibility within the community and positioning him as a grassroots champion, which further strengthens the cohesion among XRP holders.
Political Influence: Deaton's candidacy for the U.S. Senate in Massachusetts elevates his profile among crypto-focused voters, reflecting the increasing intersection between the crypto industry and political activities, which is becoming more pronounced.
Market Reaction: While the donation symbolizes solidarity between Ripple's leadership and the XRP community, it does not directly impact XRP's price or Ripple's legal standing, prompting investors to differentiate between narrative-driven enthusiasm and substantive developments.

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Technical Analysis for IMX

Technical Sentiment Analysis for Immutable (IMX). As of , Immutable (IMX) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Immutable (IMX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.138	0.148	0.159	0.169	0.18	0.19	0.201
Fibonacci	0.148	0.156	0.161	0.169	0.177	0.182	0.19

About IMX

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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