News Reader.info

Cryptocurrency tracker Coindesk showed the Ripple downward trend that will surely have investors worried. The worrying sign comes after XRP announced that it had hired a new chief market

strategist. Cory Johnson, formerly of Bloomberg Television, left the news network and started working for Ripple on Thursday. Ripple, a six-year-old company, has holding worth an incredible

$49billion, however, the volatility of the cryptocurrency has led to prices with frequent highs and troughs. Following the announcement, Mr Johnson explained that his job was to explain the

cryptocurrency and make the “world of finance” understand what Ripple is doing. He stated: "The role of Ripple as a company and XRP as a currency in financial markets, to regulators,

financial institutions and investors could use more explaining. "I'm going to try and explain, listen and set strategies to make it easy for Wall Street and the world of finance to

understand what we're doing." Although Ripple is currently seemingly on a downward trend, cryptocurrency expert Roman Guelfi-Gibbs, the Director of Operations at Pinnacle

Brilliance, declared that 2019 could be the year that the Ripple market exceeds. Mr Guelfi-Gibbs stated: “Ripple certainly has the potential to move up a notch in 2018, but I think it will

be more likely in 2019. “As the market observes more projects being coded in other algorithms such as XRP, ETH will likely take a backseat to the next big coin/token. “It will take some time

for the markets to digest this, so I am projecting 2019 to be the likely time for it to take place.” Ripple’s CEO, Brad Garlinghouse, previously declared that XRP would have to comply with

regulators and work with them in order to excel in the crypto sphere. RIPPLE MANAGING DIRECTOR REVEALS POTENTIAL NEXT CUSTOMER He explained: “It’s incredibly important that the entire

industry recognizes that we have to work with the regulators, we have to work with the system. “The blockchain revolution is happening from within the system it’s not going to happen from

outside the system.” Earlier this week speculation became ripe that Ripple could be graced with a major cryptocurrency exchange listing. Getty Cryptocurrency tracker Coindesk showed the

Ripple downward trend that could worry investors Getty Ripple has plummeted this week after the cryptocurrency slumped to a value of $0.76 Speculation concerned whether one of the biggest

cryptocurrency traders, Coinbase, would offer support for XRP. Currently, the platform offers trading for Bitcoin, Bitcoin Cash, Litecoin and Ethereum. Although a link between the two is

unconfirmed, an appearance on Coinbase could help to turn around the current downward market trend that Ripple is experiencing.