Ripple XRP Value Slid By 95% In 2 Years: Is XRP Improving Now?

The past two years have not been good for the cryptocurrency market. In fact, the cryptonews during this period showed that many altcoins lost a lot from their value. The Ripple XRP value is a perfect example for that – it managed to slide by more than 95% and is right now valued at $0.19 per coin.

In other words, this is the lowest value in over two years after the XRP price hit as low as $0.178. Nonetheless, the blockchain payments company standing behind XRP recently announced that it raised another $200 million in funding. They also claimed to have “the strongest year of growth to date in 2019.”

Still, the question for XRP now is whether the current lows provide a perfect investment opportunity – or will the top 3 altcoin continue losing ground. As it stands, the Ripple XRP value is in a downward trend. Unfortunately for XRP holders, the trend remains the same since the last article: it is still trending downwards, posting lower lows and lower highs, too.

As the cryptocurrency made a bearish retest of the $0.30 level, the Ripple news showed that the price of XRP retraced even further and is currently resting on the next support around $0.17 to $0.20. This is the lowest level established since October 2017 and is also a retrace of the massive move during the peak market in early 2018 when XRP had a high around $3.

Right now, the sentiment around the Ripple XRP value shows that people cannot see any bullish perspectives for the coin. And while others are wondering if now is the best time to invest in XRP as it may have established a bottom, there is no straight answer.

All in all, the maximum investment opportunities typically occur when the prices are not showing the progress of the asset or project itself. This may be the exact case with XRP now, too. All in all, we can see that markets move in similar ways based on human emotions and market psychology. The movement of XRP coincided with Bitcoin and today, it is mostly the people who left over from 2017 and the early adopters that are sticking around.