{"id":379915,"date":"2019-04-26T18:00:03","date_gmt":"2019-04-26T18:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=379915"},"modified":"2024-06-11T15:10:59","modified_gmt":"2024-06-11T15:10:59","slug":"ripple-xrp-drop-12-cents-but-with-yoshitaka-fortunes-will-change","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-drop-12-cents-but-with-yoshitaka-fortunes-will-change\/","title":{"rendered":"Ripple (XRP) Drop 12 Cents But With Yoshitaka, Fortunes will Change"},"content":{"rendered":"<ul>\n<li><em>Ripple (XRP) sink 12 percent<\/em><\/li>\n<li><em>Yoshitaka Kitao, the CEO of SBI, is now a Ripple Inc board member<\/em><\/li>\n<\/ul>\n<p><em>Bringing on board Yoshitaka Kitao, the president of SBI Holdings is bullish for Ripple (XRP). It\u2019s not hard to see why. He brings expertise that would guide Ripple Inc towards world domination. Meanwhile, Ripple (XRP) is down 12 percent retesting Q1 2019 support.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>The crypto and blockchain space never settles. It\u2019s always on a mill and sometimes slowed down by multi-plane controversies. Even so, Ripple Inc remains a market leader. World Bank acknowledges its innovative solutions saying they impact people\u2019s lives positively.<\/p>\n<p>True, several firms and payment processors are using the RippleNet though not many prefer to upgrade to xCurrent version 4, which avails a rail for xRapid deployment.<\/p>\n<p>All the same, investors are optimistic and as Ripple Inc lay out strategies of replacing SWIFT as the dominant, cheap and settlement platform allowing for instant settlement, Yoshitaka Kitao, an ardent supporter, founder, president and CEO of SBI Holdings is <a href=\"https:\/\/ripple.com\/insights\/ripple-welcomes-yoshitaka-kitao-to-its-board-of-directors\/\" rel=\"nofollow\">now a board of director at Ripple Inc<\/a>.<\/p>\n<p>In accepting, Kitao said:<\/p>\n<blockquote><p><em>\u201cBlockchain and digital assets are changing the way we move money around the world, and Ripple is the driving force behind this positive change. I am excited by this opportunity to lend my expertise and be part of the company\u2019s next phase of growth.\u201d<\/em><\/p><\/blockquote>\n<p>Chris Larsen, the Chair executive chair of the board, commented:<\/p>\n<blockquote><p><em>\u201cI am excited to welcome Mr. Kitao to our Board of Directors. From conventional financial markets to digital asset markets, his deep understanding of the financial services industry will offer valuable business and financial expertise to help Ripple continue to scale\u201d<\/em><\/p><\/blockquote>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-379916\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-26.png?resize=1366%2C768\" alt=\"Ripple XRP\" width=\"1366\" height=\"768\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-26.png?w=1366 1366w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-26.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-26.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-26.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-26.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-26.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>At spot rates, Ripple (XRP) is nonetheless, under pressure. The coin is in range mode, down 12 percent in the last day and retesting Jan 30 lows at 30 cents.<\/p>\n<p>From our reiterations, the level is essential in our analysis. However, if bulls manage to shore prices, preventing liquidation below this mark, then odds are prices would spring off this mark, reversing Apr-24-25 lowers with double bar bull reversal pattern.<\/p>\n<p>Once that happens, <a href=\"https:\/\/wncen.com\/2019\/04\/25\/ripple-xrp-finally-bouncing-off-q1-2019-lows-will-bulls-prevail\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ripple (XRP) bulls<\/a> would flow back as prices break off this accumulation confirming buyers of Jan 30. Considering the duration of this 4 cents consolidation, we expect a sharp, wide-ranging bar to either thrust the asset above 40 cents in confirmation or towards 25 cents nullifying our stance. Before then, traders should stay on the sidelines.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Our anchor bar is Apr-24 with 48 million. With above average volumes\u201448 million against 20 million, bear reversal and trend continuation must be with similar participation levels exceeding 48 million or even Apr-2\u2019s 79 million.<\/p>\n<p><strong><em>Chart courtesy of Trading View<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (XRP) sink 12 percent Yoshitaka Kitao, the CEO of SBI, is now a Ripple Inc board member Bringing on board Yoshitaka Kitao, the president of SBI Holdings is bullish for Ripple (XRP). It\u2019s not hard to see why. He brings expertise that would guide Ripple Inc towards world domination. Meanwhile, Ripple (XRP) is down 12 percent retesting Q1 2019 support. Ripple Price Analysis Fundamentals The crypto and blockchain space never settles. It\u2019s always on a mill and sometimes slowed down by multi-plane controversies. Even so, Ripple Inc remains a market leader. World Bank acknowledges its innovative solutions saying they impact people\u2019s lives positively. True, several firms and payment processors are using the RippleNet though not many prefer to upgrade to xCurrent version 4, which avails a rail for xRapid deployment. All the same, investors are optimistic and as Ripple Inc lay out strategies of replacing SWIFT as the dominant, cheap and settlement platform allowing for instant settlement, Yoshitaka Kitao, an ardent supporter, founder, president and CEO of SBI Holdings is now a board of director at Ripple Inc. In accepting, Kitao said: \u201cBlockchain and digital assets are changing the way we move money around the world, and Ripple is the driving force behind this positive change. I am excited by this opportunity to lend my expertise and be part of the company\u2019s next phase of growth.\u201d Chris Larsen, the Chair executive chair of the board, commented: \u201cI am excited to welcome Mr. Kitao to our Board of Directors. From conventional financial markets to digital asset markets, his deep understanding of the financial services industry will offer valuable business and financial expertise to help Ripple continue to scale\u201d Candlestick Arrangements At spot rates, Ripple (XRP) is nonetheless, under pressure. The coin is in range mode, down 12 percent in the last day and retesting Jan 30 lows at 30 cents. From our reiterations, the level is essential in our analysis. However, if bulls manage to shore prices, preventing liquidation below this mark, then odds are prices would spring off this mark, reversing Apr-24-25 lowers with double bar bull reversal pattern. Once that happens, Ripple (XRP) bulls would flow back as prices break off this accumulation confirming buyers of Jan 30. Considering the duration of this 4 cents consolidation, we expect a sharp, wide-ranging bar to either thrust the asset above 40 cents in confirmation or towards 25 cents nullifying our stance. Before then, traders should stay on the sidelines. Technical Indicators Our anchor bar is Apr-24 with 48 million. With above average volumes\u201448 million against 20 million, bear reversal and trend continuation must be with similar participation levels exceeding 48 million or even Apr-2\u2019s 79 million. Chart courtesy of Trading View<\/p>\n","protected":false},"author":384,"featured_media":377081,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531,15254],"class_list":["post-379915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp","tag-yoshitaka-kitao"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Drop 12 Cents But With Yoshitaka, Fortunes will Change<\/title>\n<meta name=\"description\" content=\"Yoshitaka Kitao, the CEO of SBI Holding is a successful entrepreneur. 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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. 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