XRP Still Stuck Beneath $0.30 Despite Highly Active Community

XRP still stuck beneath the $0.30 despite the highly active community and the millions of coins given away and won’t reach the $1 price range and we find out in the Ripple XRP news below.

The digital coin distributed by Ripple is now among the most-talked assets on social media. XRP reached a peak above $3.65 back at the beginning of 2018 before starting the massive crash losing more than 90 percent of its value. The peak prices achieved because the token would only gain adoption and easily command the $5 prices at least until it shot up to $500 when it destroyed bitcoin. Others believe that XRP still stuck stands below the $1 position. The coin is among the worst performers in 2019 and it even failed to recover to a higher price range. XRP peaked above $0.47 and has been sliding ever since.

XRP is currently at around 3,000 Satoshi range which is down from the peak at 19,000 satoshi. It is also highly improbable that more people will send BTC to buy XRP so the price rarely moves in line with the latest announcements and Bitcoin attracts many more investors. BTC has even established itself as the leader and Ripple simply does not spike enough confidence. The Ripple company constantly unlocks XRP and sell it in monthly tranches. The sales are happening on OTC markets and are not leading to price slippage however; there are too many XRP tokens that are in the space with many giveaways to banks, individuals and companies. There is also the escrow of Ripple itself as well as an undisclosed settlement with R3.

Ripple has been very careful about disclosing the facts around the real XRP necessities and the RippleNET ecosystem was created in that way so it can handle a lot of transactions without using XRP for payments or as a carrying vehicle. The hope that the banks will use the token in their transaction activity will likely never happen. XRP will only be used by its fan-base and its price will be set on the speculations of a few exchanges. Also, the Korean traders lost their enthusiasm for XRP and now we are seeing lower trading activity.