Ripple announces its in-house cryptographer, David Schwartz as its chief technology officer (CTO), and Kahina Van Dyke, a former Facebook executive joined the company as senior vice president (SVP), Business, and Corporate Development. Van Dyke’s professional career has been commendable that was diversified and striking. Van Dyke began the career as a Membership Sales & Relationship Manager for the Business Council of New York State, straight out of college.

The duos will be showing the blend of two sides of Ripple. Mr Schwartz has got extensive and resourceful experience in the field of blockchain and cryptography, while Van Dyke has been a veteran in the traditional banking and financial services.

Ripple’s (XRP/USD) price behaviour has formed falling wedge pattern on daily plotting.

The pair has shown the failure swings at stiff wedge resistance, the frequent occurrence of shooting stars and doji patterns signal more weakness, while the current price tumbles below DMAs, both leading oscillators (RSI and stochastic curves) substantiate this bearish stance.

While on the weekly chart, ever since the long-legged doji occurrence, the bearish pattern evidences price slumps below EMAs, for now, expect more slumps upon bearish EMA and MACD crossovers that indicate the downswings to prolong further. The intensified bearish momentum is most likely to substantiate further price drops in the days to come.