Ripple’s XRP is the third-largest cryptocurrency by market cap. But its massive supply and a number of other factors will continue to be at the root of its struggles as we enter a new year.
The Rise and Fall of XRP
Just like all the major cryptocurrencies, XRP price enjoyed its heyday at the start of 2018, reaching as much as $3.65 a token. Like all things crypto, it wasn’t to last, and the fallout was more savage than most.
XRP has lost more than 90% of its value since its peak, and the price is currently languishing at around 18 cents. That makes it one of the worst-performing coins of 2019… although it certainly doesn’t signal the end for Chris Larsen’s creation.
According to InvestingHaven, all the current bearish momentum surrounding Ripple’s coin is actually a good sign. They dismiss it as “traction in adoption,” and…