Investors Turning Away From Ripple’s Native CryptocurrencyThe transaction deemed as successful with 0.000045 XRP as fees for completing it. While XRP is widely famous for its quick-settlement feature, its current declining value has frustrated many bag-holders. Notably, the furious community members are losing hope on XRP’s upcoming price movement. While few believe that the token might even see a massive drop, some think it might even go under ten cents. More so, others are calling the community to sell XRP and buy Bitcoin.
Swell Failed to Influence XRP PriceEven though the token has witnessed a brief price appreciation of about 1% within the past 24 hours, it has failed to show any radical change in terms of its trading value. At press time, XRP remains number three out of the top 100 cryptocurrencies according to CoinMarketCap and is valued at $0.21 against USD. Moreover, it sits with a market capitalization of $9,517,636,731 behind Bitcoin (BTC) and Ethereum (ETH), respectively. It’s worth noting that Ripple’s annual conference, Swell 2019, had also failed to influence the value of XRP this year. In contrast, analysts had earlier believed that the yearly conference of Ripple had had a positive impact on XRP’s trading value every year. The parent company Ripple has been cracking various partnerships deals with the international remittance providers, but nothing has moved XRP price to an upward graph so far.
Images are courtesy of Twitter, Shutterstock.
Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.