Ripple parts ways with Cory Johnson and eliminates the position of chief market strategist

Cory Johnson, a chief market strategist at Ripple, left the company. The spokesman of the company confirmed the information. 

“Cory’s last year at Ripple was a success in representing the company to investors, press, and regulators,.Cory helped Ripple with strategy internally and overall industry education. But due to changes in market conditions, we’ve chosen to eliminate the role of Chief Market Strategist,” he said.

It is worth noting that Johnson deleted this position from the description in his Twitter-account. 

Cory Johnson, the Bloomberg Television anchor, developed marketing strategies for Ripple products among  Wall Streeters. Also, he was responsible for clarifying the difference between Ripple and XRP. 

“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,” he said in the interview with CNBC at the time of his hire. 

Meanwhile, XRP/USD is changing hands at $0.3018, down 0.73% since this time on Monday. The coin’s recovery is capped by $0.3070-$0.3100 area, created by the short-term downside trend line. Once it is cleared, the recovery may be extended towards $0.3150 (SMA200, 4-hour chart) and to $0.3200.

On the downside, the local support is created by the recent low at $0.2970. The ultimate short-term barrier is registered at $0.2840-$0.2830, which is the lowest level of January 29 and the lower boundary to the recent channel.

XRP/USD, 4-hour chart