Only 25 days until the end of the year and it looks like Ripple’s XRP of all top 10 coins has the worst year. In 2019 the course of XRP did not do any good and the past twelve months can rightfully be called a test for XRP and his army.
93 percent loss since ATH
Time to look back. XRP has lost almost 93 percent since the record value of 2.82 euros. XRP is currently traded for 0.20 euros.
This year 33 percent in the min
And if you only look at this year’s price, then XRP has lost 33.3 percent. XRP was around 0.30 euros on 1 January. This makes it one of the only high-performing coins of 2019. Only Stellar (XLM) did even worse, this coin lost 50 percent of its value. Bitcoin, on the other hand, did very well, BTC started the year with a value of 3,213 euros and is now worth 6,627 euros, an increase of no less than 106 percent! If you only look at the position of XRP within the top ten, you can see that the currency is otherwise very stable. For a few days this year, the total market value of XRP was higher than that of Ethereum, so XRP was in second place (behind bitcoin). The token remained stable in third place for the rest of the year, despite the fall in prices.
Swell doesn’t help either
In October and November, XRP seemed to turn against the cryptomarket, the price rose faster than that of many other currencies. Unfortunately, that turned out to be short-lived. XRP tickled the 28 cents for a moment but then collapsed again.
The expectation was that the annual Swell conference, organized by Ripple, would breathe new life into the course. That turned out to be vain hope, the rate even dropped by 5 percent during the conference. And yet sentiment on social media remains largely optimistic. Many still expect a great future for the currency.
XRP can rely on support from a large company such as Ripple. Although, the support for XRP has not always been so obvious. David Schwartz, the CTO of Ripple denies that the company is responsible for XRP. He said last year that XRP is a gift from the founders of Ripple, for Ripple. That is why Ripple cares so little about the price of XRP (and Ripple cannot be charged).
Ripple didn’t create XRP. The company that became Ripple was gifted XRP from the people who created it. Ripple is a regulatory compliant payment system that can settle cross-currency payments using XRP. Whether and how that will affect the price of XRP is unknowable.
– David Schwartz (@JoelKatz) July 3, 2018
American prosecutors do not agree with that, they do not support Schwartz’s semantic argument. In January 2020, Ripple has to defend in court that XRP is not security. The prosecutor claims that Ripple sold unregistered security in the form of XRP.
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