With a disappointing performance in the early months of 2019, Ripple's third-largest crypto, Ripple (XRP), fell 16% and ranks top 10 in digital assets, CNN said in a statement on Thursday.
An analyst had predicted last week that the XRP would reach $ 300 after its price rose to $ 0.36 in a few hours. However, the forecast was not sustained.
While other currencies in its category continue to rise, XRP's situation worsened yesterday, when its value fell 7% below the $ 0.30 mark.
XRP is down 92% below its historical high of $ 3.84, while Bitcoin (BTC), on the other hand, has risen 43% this year.
The main reason for the fall would be the company itself, due to the reduction in sponsorship of xRapid, Ripple's payment service, which uses XRP as its token to facilitate payment.
"Due to regulatory uncertainty, no banking institution is using xRapid from now on, only payment service providers," said Marjan Delatinne, Ripple's global head, in tweet.
Last year CEO Brad Garlinghouse spoke with pride about "dozens" of banks that would use xRapid by the end of 2019. However, so far, only one licensed bank is using the service.
There's still time and money can recover, it all depends on those who use Ripple's payment service to decide whether to use it again or not.
Source: https://criptonizando.com/2019/04/25/ri ... %e2%80%8b/
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supremacy.oladele
- Nickel Bitcoiner
- Posts: 11
- Joined: Thu Apr 18, 2019 8:01 pm
Re: Ripple (XRP) has worse performance 2019 so far
I'm highly disappointed and made me lost a lot of money. If not method of cost averaging by buying bat and veil privacy coin that have done best so far in my portfolio to leverage the cost
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Deathproxy
- Nickel Bitcoiner
- Posts: 32
- Joined: Mon Apr 22, 2019 12:11 pm
Re: Ripple (XRP) has worse performance 2019 so far
It boils down to platform development. If other altcoin can perform and develop their platform as veil then there will be significant increase in performance
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Deathproxy
- Nickel Bitcoiner
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- Joined: Mon Apr 22, 2019 12:11 pm
Re: Ripple (XRP) has worse performance 2019 so far
This is normal with many coins they get to under perform at some point in time is they don't constantly develop and improve their platform. From analysis for this year only few coins like veil, arego are performing well because they have taken time to develop their platform
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