{"id":389473,"date":"2019-07-10T18:00:28","date_gmt":"2019-07-10T18:00:28","guid":{"rendered":"https:\/\/wncen.com\/?p=389473"},"modified":"2024-06-11T17:31:28","modified_gmt":"2024-06-11T17:31:28","slug":"ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/","title":{"rendered":"Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support"},"content":{"rendered":"<ul>\n<li><em>Ripple (XRP) drops 10.5 percent<\/em><\/li>\n<li><em>SWIFT and rival platforms are not Ripple\u2019s competitors<\/em><\/li>\n<\/ul>\n<p><em>Christine Lagarde will take over from Mario Draghi. According to analysts plus her previous comments on Ripple, this is bullish for XRP. However, that is not enough to prop XRP, which is down 10.5 percent in 24 hours.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<h2>Fundamentals<\/h2>\n<p>The so-called XRP Army is known for its ferocious protection of Ripple and XRP. Supporting the third most liquid asset in their swarm and vigor, they tear down critics-regardless of the objective or validity of their questions. Their effort has seen Binance make XRP base currency.<\/p>\n<p>Besides, for their tireless effort, they had a response from Microsoft\u2019s <a href=\"https:\/\/wncen.com\/2018\/04\/23\/tim-draper-bitcoin-will-be-bigger-than-tesla-skype-and-hotmail-combined\/\" target=\"_blank\" rel=\"noopener noreferrer \">Skype<\/a>. Although their request is still in consideration, their role is indeed significant. After all, overt support from the community is that cog that keeps the project\u2019s wheel rolling, replenishing morale.<\/p>\n<p>Overly, Ripple\u2019s goal is to expand as a global payment settlement platform. Even so, according to their Head of Global Banking, Marjan Delatinne, their objective is not to compete with <a href=\"https:\/\/wncen.com\/2019\/03\/24\/russia-parliament-approves-swift-alternative-but-moves-crypto-bill-to-april\/\" target=\"_blank\" rel=\"noopener noreferrer \">SWIFT<\/a> and other rival platforms per se but to complement them.<\/p>\n<p>Presently, the focus is on <a href=\"https:\/\/wncen.com\/2019\/07\/07\/new-european-central-bank-boss-is-extremely-pro-crypto-what-could-this-mean-for-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer \">Christine Lagarde<\/a>. A politician and serving as the Managing Director of the IMF, the finance figurehead synonymous with the Bretton Woods Institution member, is open to cryptocurrencies and interestingly keen on Ripple.<\/p>\n<p>Insisting that banks and financial institutions must adapt to remain competitive, her view is supportive of cryptocurrencies in general. Although the European Central Bank (<a href=\"https:\/\/wncen.com\/2019\/06\/18\/bitcoin-perfect-storm\/\" target=\"_blank\" rel=\"noopener noreferrer \">ECB<\/a> )is rigid, recently saying Bitcoin is not a currency but rather an asset, her taking over from Mario Draghi could change the European\u2019s regulator view.<\/p>\n<h2>Candlestick Arrangement<\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-389474\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Daily-Chart-July-10.png?resize=1280%2C1024\" alt=\"Ripple XRP\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Daily-Chart-July-10.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Daily-Chart-July-10.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Daily-Chart-July-10.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Daily-Chart-July-10.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Daily-Chart-July-10.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Daily-Chart-July-10.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>At the time of writing, XRP is in a free fall, crashing below April high with an uptick in participation. By dropping a massive 10.5 percent in the last day, price is trading below the main support level at 40 cents.<\/p>\n<p>At this pace-and assuming there is a buildup of panic sells because of today\u2019s meltdown, prices may crash and close below 34 cents invalidating previous <a href=\"https:\/\/wncen.com\/2019\/07\/08\/ripple-boost-ecb-changes-to-white-house-links-will-xrp-recover\/\" target=\"_blank\" rel=\"noopener noreferrer \">XRP\/USD trade plans<\/a>. Presently, prices are back to consolidation and to the 15 cents range with caps at 50 cents.<\/p>\n<p>Because of previous assertions, traders should take a neutral stance while being cautiously optimistic. Even so, any breach of 34 cents nullifies this trade plan\u2019s bullish outlook as bears are likely to drive prices to 30 cents, retesting Q1 2019 main support level.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>There is a sharp spike in trading volumes confirming losses of June 27. The upsurge in participation from 11 million to over 35 million is a signal of weakness. Because of this, it is highly likely that XRP may drop to 30 cents in a retest of Q1 2019 support.<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\"><em>Chart<\/em><\/a><em> courtesy of Trading View. Image Courtesy of Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (XRP) drops 10.5 percent SWIFT and rival platforms are not Ripple\u2019s competitors Christine Lagarde will take over from Mario Draghi. According to analysts plus her previous comments on Ripple, this is bullish for XRP. However, that is not enough to prop XRP, which is down 10.5 percent in 24 hours. Ripple Price Analysis Fundamentals The so-called XRP Army is known for its ferocious protection of Ripple and XRP. Supporting the third most liquid asset in their swarm and vigor, they tear down critics-regardless of the objective or validity of their questions. Their effort has seen Binance make XRP base currency. Besides, for their tireless effort, they had a response from Microsoft\u2019s Skype. Although their request is still in consideration, their role is indeed significant. After all, overt support from the community is that cog that keeps the project\u2019s wheel rolling, replenishing morale. Overly, Ripple\u2019s goal is to expand as a global payment settlement platform. Even so, according to their Head of Global Banking, Marjan Delatinne, their objective is not to compete with SWIFT and other rival platforms per se but to complement them. Presently, the focus is on Christine Lagarde. A politician and serving as the Managing Director of the IMF, the finance figurehead synonymous with the Bretton Woods Institution member, is open to cryptocurrencies and interestingly keen on Ripple. Insisting that banks and financial institutions must adapt to remain competitive, her view is supportive of cryptocurrencies in general. Although the European Central Bank (ECB )is rigid, recently saying Bitcoin is not a currency but rather an asset, her taking over from Mario Draghi could change the European\u2019s regulator view. Candlestick Arrangement At the time of writing, XRP is in a free fall, crashing below April high with an uptick in participation. By dropping a massive 10.5 percent in the last day, price is trading below the main support level at 40 cents. At this pace-and assuming there is a buildup of panic sells because of today\u2019s meltdown, prices may crash and close below 34 cents invalidating previous XRP\/USD trade plans. Presently, prices are back to consolidation and to the 15 cents range with caps at 50 cents. Because of previous assertions, traders should take a neutral stance while being cautiously optimistic. Even so, any breach of 34 cents nullifies this trade plan\u2019s bullish outlook as bears are likely to drive prices to 30 cents, retesting Q1 2019 main support level. Technical Indicators There is a sharp spike in trading volumes confirming losses of June 27. The upsurge in participation from 11 million to over 35 million is a signal of weakness. Because of this, it is highly likely that XRP may drop to 30 cents in a retest of Q1 2019 support. Chart courtesy of Trading View. Image Courtesy of Shutterstock<\/p>\n","protected":false},"author":384,"featured_media":338325,"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":[5531,3680,4531],"class_list":["post-389473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-imf","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support<\/title>\n<meta name=\"description\" content=\"The entry of Christine Lagarde may change Ripple&#039;s fortune. However, XRP is bleeding. 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Falling 10.5 percent, prices may fall to Q1 2019 main support.","og_url":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-07-10T18:00:28+00:00","article_modified_time":"2024-06-11T17:31:28+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640","type":"image\/jpeg"}],"author":"Dalmas Ngetich","twitter_card":"summary_large_image","twitter_creator":"@Dalmas_Ngetich","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Dalmas Ngetich","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/"},"author":{"name":"Dalmas Ngetich","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586"},"headline":"Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support","datePublished":"2019-07-10T18:00:28+00:00","dateModified":"2024-06-11T17:31:28+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/"},"wordCount":463,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640","keywords":["IMF","Ripple","xrp"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/","url":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/","name":"Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640","datePublished":"2019-07-10T18:00:28+00:00","dateModified":"2024-06-11T17:31:28+00:00","description":"The entry of Christine Lagarde may change Ripple's fortune. However, XRP is bleeding. Falling 10.5 percent, prices may fall to Q1 2019 main support.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640","width":1280,"height":640,"caption":"Ripple Price Analysis techanalysis XRP"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586","name":"Dalmas Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"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.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support","url":"http:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["imf","ripple","xrp"],"dateCreated":"2019-07-10T18:00:28Z","datePublished":"2019-07-10T18:00:28Z","dateModified":"2024-06-11T17:31:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-bleeding-down-10-5-may-retest-q1-2019-support\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/ripple.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/ripple.jpg?fit=1280%2C640\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"imf\",\"ripple\",\"xrp\"],\"dateCreated\":\"2019-07-10T18:00:28Z\",\"datePublished\":\"2019-07-10T18:00:28Z\",\"dateModified\":\"2024-06-11T17:31:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/06\/ripple.jpg?fit=1280%2C640","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/389473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=389473"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/389473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/338325"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=389473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=389473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=389473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}