XRP, the third largest cryptocurrency in the market has seen its fair share of ups and downs recently, with many attacking its underlying foundation. However, its supporters have been an integral part in its attempt to push it towards mainstream adoption.

In the latest Q1 report released by TNW, the organization talked about the massive shifts in value after the bull run of 2017 and its trickle-down effect into the last quarter of 2018. The report stated that XRP was one of the biggest winners of the 2017 spike, but the latter half of 2018 forced the cryptocurrency to be contained in a bearish bracket.

According to the report, by December 2018, the cryptocurrency was trading at $0.36, which was an 89 percent drop from the zenith it held in January of the same year.

The first quarter of 2019 showed that XRP was not one of the best performers in the top 10 bracket as the prices never peaked as it did during the previous year. XRP’s Q1 price peak was at $0.37, a mark which was achieved on January 2. The report further pointed out that XRP’s price in February, which was $0.32, was another 11 percent drop in the value since the start of the year.

At press time, XRP was trading for $0.30 with a total market cap of $42.09 billion and a 24-hour market volume of $1.32 billion. The current price range was considerable because XRP’s performance during the recent bull run was again sub-par compared to its compatriots.

XRP was also in the news recently when it was revealed that the coin was trading for $0.53 on Bitbay when the actual price was $0.3106 on other exchanges. The disparity raised a lot of eyebrows because exchange-to-exchange price differences were never this great. The Bitbay anomaly was pointed out by XRP_Harvester, an XRP supporter who had tweeted:

“Ummmm… Why is #XRP trading for $0.54 on Bitbay???”

The post Ripple’s XRP has not had the best opening to the year, claims new Q1 performance report appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

152 +