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Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Quora Removes Schwartz’s “Joke” , Ripple (XRP) Drop with Light volumes

Dalmas Ngetich
Dalmas Ngetich
1 year ago
2 mins read
technical analysis xrp

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  • Ripple price drop 3.5 percent
  • Quora deletes David Schwartz’s joke answer
  • Transaction volumes low as prices range

Quora’s moderation team removed David Schwartz‘s comment because it is a “joke” answer highlighting the level of censorship in centralized systems. All the same, Ripple prices are under pressure and slowly dropping towards 30 cents.

Ripple Price Analysis

Fundamentals

A while back, the blockchain community thought that Ripple and XRP were synonymous and even a split wouldn’t cause a differentiation. The argument was that XRP was an Air-drop and without the currency, the platform can still function. Critics went on saying Ripple transactions are reversible considering the then level of centralization.

Well, the decentralization claim has been clarified on numerous occasions by David Schwartz. While addressing the transaction blocking claim, Brad said the company couldn’t, at any point, reverse or block transactions on its XRP Ledger.

Now, David Schwartz the CTO of Ripple experienced firsthand what censorship is when Quora moderation team deleted his his “joke” answer. Quora’s terms are clear and stating that “Answers and Reviews that are intended as jokes are not helpful responses. Besides, humorous answers and reviews that deliberately misinterpret the intent of the question/topic will be collapsed.”

Candlestick Arrangement

Ripple

Aside from Stellar’s XLM, XRP is the second-worst performer in the top-10 and down 3.5 percent from last week’s close. It is likely that prices will trickle lower in days ahead as sellers of Feb press the liquidation medal driving prices towards 25 cents as our previous XRP/USD trade plans are invalidated. As it is, the selling momentum is strong. As prices band along the lower BB, we shall instead shift our focus to how Ripple (XRP) prices will react at Mar 14 and Feb 30 lows. The level is an important support line and marks the base of Q4 2018 and Q1 2019 lows. Any break below would see XRP drop to 25 cents.

Technical Indicators

What’s encouraging from a technical point of view is that this Ripple (XRP) is at the back of low participation. By yesterday’s close, averages stood at 11 million which is far lower than those of Feb 24-25 averaging 32 million. Therefore, unless otherwise there are sharp drops with averages rising to 40 million for example and accompanying bar above 34 cents or below Q1 lows above 61 million, we shall maintain a neutral but bullish overview on XRP price.

Chart courtesy of Trading View

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Dalmas Ngetich
Dalmas Ngetich

Dalmas Ngetich

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.

Read more

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.

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Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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