{"id":624179,"date":"2024-06-12T11:00:28","date_gmt":"2024-06-12T11:00:28","guid":{"rendered":"https:\/\/wncen.com\/?p=624179"},"modified":"2024-06-12T10:43:12","modified_gmt":"2024-06-12T10:43:12","slug":"ex-ripple-director-xrp-price-slide-amid-good-news","status":"publish","type":"post","link":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/","title":{"rendered":"Ex-Ripple Director Explains XRP Price Slide Amid Good News"},"content":{"rendered":"

Via X, Sean McBride, a former director at Ripple, offered an analysis<\/a> of the perplexing downtrend of the XRP price despite a series of ostensibly positive developments surrounding Ripple and the XRP Ledger (XRPL). McBride’s insights come at a time when XRP’s underperformance in a bullish market continues to baffle investors and industry observers alike.<\/p>\n

Why Is XRP Price Down Despite A Slew Of Positive News?<\/h2>\n

Despite recent bullish periods in the broader crypto market, XRP has notably failed to capitalize on these gains. In a conversation with X users, McBride attributed this lackluster performance to the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC), highlighting the critical impact of impending judicial decisions on XRP\u2019s valuation.<\/p>\n

Related Reading: Crypto Analyst Predicts XRP Price Will Rally 50,000% To $250, Here\u2019s When<\/a><\/div>\n

On July 13, 2023, Judge Torres\u2019s ruling<\/a> that XRP is not a security led to a temporary surge by 100% to $0.93, demonstrating the market\u2019s sensitivity to legal developments. However, eleven months later, XRP\u2019s price has halved, reflecting ongoing concerns about the possible long-term implications of the SEC\u2019s actions and the potential for an appeal,<\/a> which McBride acknowledges could happen unless the ruling is unfavorable to Ripple.<\/p>\n

“Nothing significant is going to happen with the price of XRP until Judge Torres makes her decision. So anyone expecting anything different is delusional,” McBride explained, adding \u201conce Torres makes her decision, I think we find out a bit more about what\u2019s actually behind the curtain. This could open up the door for US institutions working with Ripple to \u2018flip the switch\u2019. We will just have to wait and see if that\u2019s the case.\u201d<\/p>\n

Despite the overshadowing legal drama, Ripple<\/a> has not been short on positive news. Recently, Ripple announced<\/a> the creation of the XRPL Japan and Korea Fund on June 11, 2024, a significant initiative with an allocation of 1 billion XRP aimed at catalyzing the growth and development of the XRPL ecosystem in East Asia.<\/p>\n

Additionally, Ripple’s strategic acquisitions have been notable. The company has successfully finalized<\/a> its acquisition of Standard Custody & Trust Company. In May 2023, Ripple further expanded its services by acquiring blockchain firm Metaco for $250 million, and in April, it announced plans to launch a stablecoin aimed at bolstering the XRP Ledger ecosystem.<\/p>\n

Related Reading: Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump<\/a><\/div>\n

Commenting on these strategic shifts by Ripple, McBride noted, “Ripple is perfect, they don\u2019t make any mistakes. Their executives fart rainbows. Everything they have done turns to gold. Wake the f*ck up people. If you think that\u2019s how Ripple operates, you\u2019re sorely mistaken. They are vocally self-critical, employees have backbone; disagree and commit. Ripple has changed their strategy many times.”<\/p>\n

Notably, Ripple has been proactive in securing over 40 Money Transmitter Licenses (MTLs), necessary for its payment operations across the United States. “The next big piece of this is clear legislation in the US. Hopefully that is on the way with the recent developments in Congress and Trump\u2019s commitment to Crypto (assuming he becomes President),” McBride remarked.<\/p>\n

In response to a user’s inquiry about the likelihood of an SEC appeal if Ripple receives a favorable ruling, McBride commented, “Shouldn\u2019t stop what\u2019s happening in the US from happening, IMO, unless of course the ruling is not in Ripple\u2019s favor.”<\/p>\n

Addressing another user’s observation about a perceived shift in his tone regarding Ripple and XRP, McBride reassured, “No, not at all. I\u2019m still very positive on Ripple and XRP. […] I’m a big fan, but that doesn\u2019t mean I\u2019m blind to the realities of what\u2019s happening.”<\/p>\n

At press time, XRP traded at $0.4818.<\/p>\n

\"XRP
XRP price, 1-week chart | Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL\u00b7E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Via X, Sean McBride, a former director at Ripple, offered an analysis of the perplexing downtrend of the XRP price despite a series of ostensibly positive developments surrounding Ripple and the XRP Ledger (XRPL). McBride’s insights come at a time when XRP’s underperformance in a bullish market continues to baffle investors and industry observers alike. Why Is XRP Price Down Despite A Slew Of Positive News? Despite recent bullish periods in the broader crypto market, XRP has notably failed to capitalize on these gains. In a conversation with X users, McBride attributed this lackluster performance to the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC), highlighting the critical impact of impending judicial decisions on XRP\u2019s valuation. Related Reading: Crypto Analyst Predicts XRP Price Will Rally 50,000% To $250, Here\u2019s When On July 13, 2023, Judge Torres\u2019s ruling that XRP is not a security led to a temporary surge by 100% to $0.93, demonstrating the market\u2019s sensitivity to legal developments. However, eleven months later, XRP\u2019s price has halved, reflecting ongoing concerns about the possible long-term implications of the SEC\u2019s actions and the potential for an appeal, which McBride acknowledges could happen unless the ruling is unfavorable to Ripple. “Nothing significant is going to happen with the price of XRP until Judge Torres makes her decision. So anyone expecting anything different is delusional,” McBride explained, adding \u201conce Torres makes her decision, I think we find out a bit more about what\u2019s actually behind the curtain. This could open up the door for US institutions working with Ripple to \u2018flip the switch\u2019. We will just have to wait and see if that\u2019s the case.\u201d Despite the overshadowing legal drama, Ripple has not been short on positive news. Recently, Ripple announced the creation of the XRPL Japan and Korea Fund on June 11, 2024, a significant initiative with an allocation of 1 billion XRP aimed at catalyzing the growth and development of the XRPL ecosystem in East Asia. Additionally, Ripple’s strategic acquisitions have been notable. The company has successfully finalized its acquisition of Standard Custody & Trust Company. In May 2023, Ripple further expanded its services by acquiring blockchain firm Metaco for $250 million, and in April, it announced plans to launch a stablecoin aimed at bolstering the XRP Ledger ecosystem. Related Reading: Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump Commenting on these strategic shifts by Ripple, McBride noted, “Ripple is perfect, they don\u2019t make any mistakes. Their executives fart rainbows. Everything they have done turns to gold. Wake the f*ck up people. If you think that\u2019s how Ripple operates, you\u2019re sorely mistaken. They are vocally self-critical, employees have backbone; disagree and commit. Ripple has changed their strategy many times.” Notably, Ripple has been proactive in securing over 40 Money Transmitter Licenses (MTLs), necessary for its payment operations across the United States. “The next big piece of this is clear legislation in the US. Hopefully that is on the way with the recent developments in Congress and Trump\u2019s commitment to Crypto (assuming he becomes President),” McBride remarked. In response to a user’s inquiry about the likelihood of an SEC appeal if Ripple receives a favorable ruling, McBride commented, “Shouldn\u2019t stop what\u2019s happening in the US from happening, IMO, unless of course the ruling is not in Ripple\u2019s favor.” Addressing another user’s observation about a perceived shift in his tone regarding Ripple and XRP, McBride reassured, “No, not at all. I\u2019m still very positive on Ripple and XRP. […] I’m a big fan, but that doesn\u2019t mean I\u2019m blind to the realities of what\u2019s happening.” At press time, XRP traded at $0.4818. Featured image created with DALL\u00b7E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":624185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89561],"tags":[92569,3680,91586,4531,83637,13172,15883],"class_list":["post-624179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-ex-ripple-director","tag-ripple","tag-sean-mcbride","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis"],"acf":[],"yoast_head":"\nEx-Ripple Director Explains XRP Price Slide Amid Good News<\/title>\n<meta name=\"description\" content=\"Sean McBride, a former director at Ripple, offers an analysis into the perplexing downtrend of the XRP price.\" \/>\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\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ex-Ripple Director Explains XRP Price Slide Amid Good News\" \/>\n<meta property=\"og:description\" content=\"Sean McBride, a former director at Ripple, offers an analysis into the perplexing downtrend of the XRP price.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/\" \/>\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=\"2024-06-12T11:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T10:43:12+00:00\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Ex-Ripple Director Explains XRP Price Slide Amid Good News\",\"datePublished\":\"2024-06-12T11:00:28+00:00\",\"dateModified\":\"2024-06-12T10:43:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/\"},\"wordCount\":652,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024\",\"keywords\":[\"Ex-Ripple Director\",\"Ripple\",\"Sean McBride\",\"xrp\",\"xrp news\",\"XRP Price\",\"XRP Price Analysis\"],\"articleSection\":[\"XRP News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/\",\"url\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/\",\"name\":\"Ex-Ripple Director Explains XRP Price Slide Amid Good News\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024\",\"datePublished\":\"2024-06-12T11:00:28+00:00\",\"dateModified\":\"2024-06-12T10:43:12+00:00\",\"description\":\"Sean McBride, a former director at Ripple, offers an analysis into the perplexing downtrend of the XRP price.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"XRP price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ex-Ripple Director Explains XRP Price Slide Amid Good News\"}]},{\"@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\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ex-Ripple Director Explains XRP Price Slide Amid Good News","description":"Sean McBride, a former director at Ripple, offers an analysis into the perplexing downtrend of the XRP price.","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\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/","og_locale":"en_US","og_type":"article","og_title":"Ex-Ripple Director Explains XRP Price Slide Amid Good News","og_description":"Sean McBride, a former director at Ripple, offers an analysis into the perplexing downtrend of the XRP price.","og_url":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-06-12T11:00:28+00:00","article_modified_time":"2024-06-12T10:43:12+00:00","author":"Jake Simmons","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Ex-Ripple Director Explains XRP Price Slide Amid Good News","datePublished":"2024-06-12T11:00:28+00:00","dateModified":"2024-06-12T10:43:12+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/"},"wordCount":652,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024","keywords":["Ex-Ripple Director","Ripple","Sean McBride","xrp","xrp news","XRP Price","XRP Price Analysis"],"articleSection":["XRP News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/","url":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/","name":"Ex-Ripple Director Explains XRP Price Slide Amid Good News","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024","datePublished":"2024-06-12T11:00:28+00:00","dateModified":"2024-06-12T10:43:12+00:00","description":"Sean McBride, a former director at Ripple, offers an analysis into the perplexing downtrend of the XRP price.","breadcrumb":{"@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024","width":1792,"height":1024,"caption":"XRP price"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ex-Ripple Director Explains XRP Price Slide Amid Good News"}]},{"@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\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ex-Ripple Director Explains XRP Price Slide Amid Good News","url":"http:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/xrp-news\/ex-ripple-director-xrp-price-slide-amid-good-news\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024"},"articleSection":"XRP News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ex-ripple director","ripple","sean mcbride","xrp","xrp news","xrp price","xrp price analysis"],"dateCreated":"2024-06-12T11:00:28Z","datePublished":"2024-06-12T11:00:28Z","dateModified":"2024-06-12T11:00:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ex-Ripple Director Explains XRP Price Slide Amid Good News\",\"url\":\"http:\\\/\\\/wncen.com\\\/xrp-news\\\/ex-ripple-director-xrp-price-slide-amid-good-news\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/xrp-news\\\/ex-ripple-director-xrp-price-slide-amid-good-news\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/DALL\\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/DALL\\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024\"},\"articleSection\":\"XRP News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ex-ripple director\",\"ripple\",\"sean mcbride\",\"xrp\",\"xrp news\",\"xrp price\",\"xrp price analysis\"],\"dateCreated\":\"2024-06-12T11:00:28Z\",\"datePublished\":\"2024-06-12T11:00:28Z\",\"dateModified\":\"2024-06-12T11:00:28Z\"}<\/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\/2024\/06\/DALL\u00b7E-2024-06-12-11.35.55-A-realistic-digital-image-depicting-a-wide-angle-view-of-a-Ripple-XRP-cryptocurrency-coin-designed-to-match-the-official-coin-design-precisely.-The.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/624179"}],"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\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=624179"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/624179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/624185"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=624179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=624179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=624179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}