{"id":572577,"date":"2024-02-01T00:00:10","date_gmt":"2024-02-01T00:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=572577"},"modified":"2024-06-11T08:32:36","modified_gmt":"2024-06-11T08:32:36","slug":"exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/","title":{"rendered":"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million"},"content":{"rendered":"

XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853 but later recovered to $0.500 following a clarification from one of Ripple’s co-founders.<\/p>\n

Personal XRP Accounts Impacted, Not Ripple’s<\/span><\/h2>\n

Initial <\/span>reports <\/span><\/a>suggested that Ripple had suffered a significant security breach, which was brought to light by decentralized finance (DeFi) investigator ZachXBT. These reports raised concerns about the overall security of the Ripple protocol.<\/span><\/p>\n

According <\/span><\/a>to investigations, the breach resulted in the theft of more than 213 million XRP tokens, valued at over $112 million. The stolen funds were reportedly laundered through cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC.<\/span><\/p>\n

Related Reading: Why \u201cOverbought\u201d Bitcoin Could Trigger A 107% Rally<\/a><\/div>\n

However, <\/span>Ripple <\/span><\/a>co-founder Chris Larsen took to X (formerly Twitter) to clarify the situation. In a recent <\/span>post<\/span><\/a>, Larsen stated:\u00a0<\/span><\/p>\n

Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) \u2013 we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.<\/span><\/p><\/blockquote>\n

XRP Price Analysis<\/span><\/h2>\n

Despite the recent security concerns, XRP is trading at $0.5085, marking a 3.4% decrease in the past 24 hours. However, beyond the Ripple co-founder’s personal account <\/span>exploit<\/span><\/a>, the XRP price has experienced a significant decline over the past month.<\/span><\/p>\n

Over the last seven days, the token has seen a minor 1.3% drop. The decline has deepened in the previous fourteen days with a 10% decrease. This is more problematic for XRP enthusiasts because the price has lost significant ground over the past 30 days, with an 18% dip.<\/span><\/p>\n

Related Reading: Analyst Compared Solana To Ethereum ICO Boom, What Does This Mean For SOL Price?<\/a><\/div>\n

Nevertheless, XRP bull and crypto analyst EGRAG Crypto provides an intriguing price analysis that could potentially encourage investors toward a price recovery if the token manages to hold and consolidate above the $0.500 level.<\/p>\n

\"XRP
XRP price targets are based on the Elliott Wave theory. Source: EGRAG Crypto on X<\/a><\/figcaption><\/figure>\n

According to EGRAG, a handful of chart analysts have noted that after wave 1 of the Elliott Wave theory, wave 2 could retrace up to 90% of wave 1. The initial targets of $0.85 to $1 were successfully reached during the July pump, with the price reaching around $0.93 after Ripple’s partial <\/span>victory <\/span><\/a>against the SEC in its ongoing legal battle over XRP classification.<\/span><\/p>\n

Currently, EGRAG suggests that a “wicking event” down to $0.41 is possible, considering a 10%-15% fluctuation due to the volatile nature of the crypto markets.<\/span><\/p>\n

However, the analyst points out that the upside lies in the upcoming Wave 3, which is influenced by Wave 1 and typically has a ratio of 1.618 compared to Wave 1.<\/span><\/p>\n

If all of this plays out, EGRAG ultimately sees the next short-term target for XRP being the <\/span>all-time high<\/span><\/a> (ATH) at $5. If the original wave count is adjusted, the range could be between $2.2 and $2.8.<\/span><\/p>\n

\"XRP
The daily chart shows XRP’s price trading above $0.500. Source: XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Shutterstock, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853 but later recovered to $0.500 following a clarification from one of Ripple’s co-founders. Personal XRP Accounts Impacted, Not Ripple’s Initial reports suggested that Ripple had suffered a significant security breach, which was brought to light by decentralized finance (DeFi) investigator ZachXBT. These reports raised concerns about the overall security of the Ripple protocol. According to investigations, the breach resulted in the theft of more than 213 million XRP tokens, valued at over $112 million. The stolen funds were reportedly laundered through cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC. Related Reading: Why \u201cOverbought\u201d Bitcoin Could Trigger A 107% Rally However, Ripple co-founder Chris Larsen took to X (formerly Twitter) to clarify the situation. In a recent post, Larsen stated:\u00a0 Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) \u2013 we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved. XRP Price Analysis Despite the recent security concerns, XRP is trading at $0.5085, marking a 3.4% decrease in the past 24 hours. However, beyond the Ripple co-founder’s personal account exploit, the XRP price has experienced a significant decline over the past month. Over the last seven days, the token has seen a minor 1.3% drop. The decline has deepened in the previous fourteen days with a 10% decrease. This is more problematic for XRP enthusiasts because the price has lost significant ground over the past 30 days, with an 18% dip. Related Reading: Analyst Compared Solana To Ethereum ICO Boom, What Does This Mean For SOL Price? Nevertheless, XRP bull and crypto analyst EGRAG Crypto provides an intriguing price analysis that could potentially encourage investors toward a price recovery if the token manages to hold and consolidate above the $0.500 level. According to EGRAG, a handful of chart analysts have noted that after wave 1 of the Elliott Wave theory, wave 2 could retrace up to 90% of wave 1. The initial targets of $0.85 to $1 were successfully reached during the July pump, with the price reaching around $0.93 after Ripple’s partial victory against the SEC in its ongoing legal battle over XRP classification. Currently, EGRAG suggests that a “wicking event” down to $0.41 is possible, considering a 10%-15% fluctuation due to the volatile nature of the crypto markets. However, the analyst points out that the upside lies in the upcoming Wave 3, which is influenced by Wave 1 and typically has a ratio of 1.618 compared to Wave 1. If all of this plays out, EGRAG ultimately sees the next short-term target for XRP being the all-time high (ATH) at $5. If the original wave count is adjusted, the range could be between $2.2 and $2.8. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":572580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,1558,16365,3680,14450,15464,15063,14327,17209,83637,13172,15883,15621,15622,89423,89506],"class_list":["post-572577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-cryptocurrency","tag-latest-ripple-news","tag-ripple","tag-ripple-xrp-price-analysis","tag-ripple-xrp-price-charts","tag-ripple-xrp-price-forecast","tag-ripple-xrp-technical-analysis","tag-ripple-news","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis","tag-xrp-price-chart","tag-xrp-price-forecast","tag-xrp-price-news","tag-xrp-price-performance"],"acf":[],"yoast_head":"\nExploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million<\/title>\n<meta name=\"description\" content=\"XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million\" \/>\n<meta property=\"og:description\" content=\"XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-01T00:00:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:32:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"393\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million\",\"datePublished\":\"2024-02-01T00:00:10+00:00\",\"dateModified\":\"2024-06-11T08:32:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/\"},\"wordCount\":515,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260\",\"keywords\":[\"crypto\",\"cryptocurrency\",\"Latest Ripple News\",\"Ripple\",\"Ripple (XRP) Price Analysis\",\"Ripple (XRP) Price Charts\",\"Ripple (XRP) Price Forecast\",\"Ripple (XRP) Technical Analysis\",\"ripple news\",\"xrp news\",\"XRP Price\",\"XRP Price Analysis\",\"XRP Price Chart\",\"XRP Price Forecast\",\"XRP price news\",\"XRP price performance\"],\"articleSection\":[\"Ripple\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/\",\"name\":\"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260\",\"datePublished\":\"2024-02-01T00:00:10+00:00\",\"dateModified\":\"2024-06-11T08:32:36+00:00\",\"description\":\"XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260\",\"width\":393,\"height\":260,\"caption\":\"XRP Price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & 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\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million","description":"XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/","og_locale":"en_US","og_type":"article","og_title":"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million","og_description":"XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853.","og_url":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-02-01T00:00:10+00:00","article_modified_time":"2024-06-11T08:32:36+00:00","og_image":[{"width":393,"height":260,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million","datePublished":"2024-02-01T00:00:10+00:00","dateModified":"2024-06-11T08:32:36+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/"},"wordCount":515,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260","keywords":["crypto","cryptocurrency","Latest Ripple News","Ripple","Ripple (XRP) Price Analysis","Ripple (XRP) Price Charts","Ripple (XRP) Price Forecast","Ripple (XRP) Technical Analysis","ripple news","xrp news","XRP Price","XRP Price Analysis","XRP Price Chart","XRP Price Forecast","XRP price news","XRP price performance"],"articleSection":["Ripple"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/","url":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/","name":"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260","datePublished":"2024-02-01T00:00:10+00:00","dateModified":"2024-06-11T08:32:36+00:00","description":"XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260","width":393,"height":260,"caption":"XRP Price"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & 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\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million","url":"http:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","cryptocurrency","latest ripple news","ripple","ripple (xrp) price analysis","ripple (xrp) price charts","ripple (xrp) price forecast","ripple (xrp) technical analysis","ripple news","xrp news","xrp price","xrp price analysis","xrp price chart","xrp price forecast","xrp price news","xrp price performance"],"dateCreated":"2024-02-01T00:00:10Z","datePublished":"2024-02-01T00:00:10Z","dateModified":"2024-06-11T08:32:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_download-31.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_download-31.jpg?fit=393%2C260\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"cryptocurrency\",\"latest ripple news\",\"ripple\",\"ripple (xrp) price analysis\",\"ripple (xrp) price charts\",\"ripple (xrp) price forecast\",\"ripple (xrp) technical analysis\",\"ripple news\",\"xrp news\",\"xrp price\",\"xrp price analysis\",\"xrp price chart\",\"xrp price forecast\",\"xrp price news\",\"xrp price performance\"],\"dateCreated\":\"2024-02-01T00:00:10Z\",\"datePublished\":\"2024-02-01T00:00:10Z\",\"dateModified\":\"2024-06-11T08:32:36Z\"}<\/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\/2024\/01\/shutterstock_download-31.jpg?fit=393%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572577"}],"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\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=572577"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/572580"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=572577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=572577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=572577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}