XRP hasn’t gone too well over the past few years. Ever since the cryptocurrency topped at approximately $3.30 (depending on what exchange you check), it has been on a precipitous drop lower, punctuated by March’s crash, which brought the asset to $0.11, more than 96% lower than the all-time high.
Even still, a recent observation from a cryptocurrency trader shows that as long as you bought long enough ago, you would still be well in the profit on your XRP investment.
XRP Has Appreciated 67x in the Past 78 Months
Crypto trader Credible Crypto recently remarked that despite XRP’s poor performance from its all-time high, it is still dramatically outperforming Bitcoin from a long-term point of view.
Credible’s chart seen below illustrated this point: since the crypto market found its last macro bottom in 2014, just under six years ago, XRP has appreciated by 67,000% while Bitcoin has appreciated by 40,000%.
That meant that if you bought $1,000 worth of XRP at the very bottom in 2014, that same sum would now be worth $67,000 — making it one of the best investments into multi-billion-dollar assets over that same time period.
Notably, it isn’t all sunshine and rainbows per se. The chart also indicated that if you, the theoretical holder of $1,000 worth of XRP at the bottom, sold at the bull market peak, you could have made $941,000, just a smidgen shy of seven digits.
Whatever the case, Credible took this as a time to remind his followers that despite the sentiment, XRP is still a proper investment, even when put in comparison with Bitcoin.
Room to Fall. Lots of Room, Analysts Say
Unfortunately, analysts expect for XRP to retrace a majority of its gains, or at least more gains that it has already given back since the all-time high.
Per previous reports from Bitcoinist, a popular crypto technician recently shared that the asset’s long-term technical structure is anything but bullish, but rather extremely grim.
Pointing to the “double rejection” at key horizontal support regions and the fact that XRP is currently entering a region where there is little historical liquidity, both depicted in the chart below, the trader went as far as to say:
“This is probably one of the scariest charts I’ve ever seen. I wouldn’t want to be bagholding this.”
This fear has been echoed by Peter Brandt, a long-time commodities trader.
When the altcoin was in the midst of crashing during last month’s debacle, Brandt pointed out in an analysis that he thinks XRP has but “white space” beneath itself on the chart, indicating there is little support if the rubber was to eventually meet the road, so to say. He added:
“I said I would never again post a chart of XRP. But, I thought you all might be interested in what it means to have … ‘White space below'”
Photo by Sharon McCutcheon on Unsplash origin »
Ripple’s XRP has been known as the third-largest cryptocurrency for years now, but unfortunately, that is no longer the case. The coin has been replaced a few times over the years, when its market cap dropped just enough for some other coin — usually Tether (USDT) — to replace it.
For some years now, people have been grumbling about XRP’s lack of price traction. Many who got the crypto after the 2017 bull run have long anticipated a price surge to get them some stable profits.
Ripple has been criticized for being centralized for years now. In fact, many critics have gone as far as calling XRP a fake cryptocurrency because even though XRP does use the blockchain technology, all existing coins were pre-mined at the beginning.
A lawsuit filed by XRP investors against Ripple Labs has been going on for almost two years now. The plaintiffs, led by Bradley Sostack claimed that the San Francisco-based blockchain firm sold them XRP as an unregistered security.
Scammers may have pivoted from the world's largest cryptocurrency, Bitcoin, to other parts of the industry by plaguing inboxes with malware over the years. And as the ecosystem has evolved and become The post Over 1.
As reported by this outlet earlier today, the value of Ripple’s XRP has performed so poorly over the past few years that it on March 13th’s flash rash hit “almost three-year lows,” as pointed out by Brave New Coin’s Josh Olszewicz.
XRP has lost its 3rd place to Tether (USDT), a popular stablecoin and much like the digital asset controversial. Last week, the crypto market endured a violent sell-off that not only resulted in Bitcoin seeing its highest percentage loss in 7 years but also XRP crashing to $0.
Ripple’s XRP and Ethereum have been rivals ever since the former debuted on the cryptocurrency scene. Both coins have been tipped over the years to overthrow Bitcoin as the largest cryptocurrency in the market and with both having the third and second spot respectively on the crypto ladder board, the sense of friction and rivalry […]
Peter Brandt, a trader with over 30 years experience in the markets, has predicted that the bottom could fall out from under XRP. Brandt had previously made a vow not to post charting commentary on the asset because of constant harassment from the community, but today he made an exception.
Over the past few years, a class-action lawsuit has been building against Ripple Labs, the San Francisco-based fintech company that is known in crypto for its involvement in XRP. Unfortunately for the upstart, it was unable to get the case thrown out by the federal judge, potentially threatening its intent to go public through the […]
The post Ripple’s battle in court over XRP isn’t done yet, threatening its IPO plans appeared first on CryptoSlate.
Brad Garlinghouse, CEO of Ripple took to the airwaves and spoke with CNN’s Julia Chatterly about the current state of Ripple, XRP, and the company’s plans for 2020. Garlinghouse concluded that in 5 years, Ripple wants to become the Amazon of the crypto industry.
In Ripple’s six years plus history, this is the first time, it is seeing the current level of single day daily active creation. Crypto data provider Santiment noted, #Ripple recently saw its largest single day in daily active addresses created in the token's 6+ year history, according to our Sandata platform. $XRP is up 16.3% since […]
Cryptocurrency markets and the industry are extremely competitive and many users believe a single digital asset will reign someday, and that it may not be BTC. Over the last few years, many holders believe the assets they hold are bitcoin contenders with coins like IOTA, EOS, ADA, XRP, and XLM being popular choices.
Cryptocurrency markets and the industry are extremely competitive and many users believe a single digital asset will reign someday, and that it may not be BTC. Over the last few years, many holders believe the assets they hold are bitcoin contenders with coins like IOTA, EOS, ADA, XRP, and XLM being popular choices.
Investing as little as $1 every day into Bitcoin over five years would have yielded an incredible 12x return. According to James Todaro, the managing partner at Blocktown Capital, an investment of $1,858 into Bitcoin would now be worth over $22,000 even when accounting for Bitcoin’s violent price swings.
Investing as little as $1 every day into Bitcoin over five years would have yielded an incredible 12x return. According to James Todaro, the managing partner at Blocktown Capital, an investment of $1,858 into Bitcoin would now be worth over $22,000 even when accounting for Bitcoin’s violent price swings.
There was a time when Litecoin was trading alongside the crypto market’s foremost leaders, Bitcoin, Ethereum, and XRP. But over the past few years, since the previous market bubble, the prominent altcoin has suffered.
Like it or not, XRP hasn’t fared too well over the past few years. Since its blow-off top in January of 2018, during which the cryptocurrency traded above $3. 00, the price of XRP has crashed, falling to $0.
XRP, the cryptocurrency commonly called Ripple, is in the midst of breaking out from downtrend resistance that has kept the crypto asset at low prices for over two full years of bear market. A breakout from what appears to be a bull flag or pennant pattern could shock the crypto market with rapid, explosive gains,... The post appeared first on NewsBTC.
Have you ever had occasions where you needed to wire money to someone, only to be told that it might take days for that money to appear on their accounts? Well, that’s because banks are still using a system that was built 40 years ago for this task.
Retired UFC fighter Ben Askren, who is known for supporting several cryptocurrencies in the last few years, recently stated that he thinks XRP is a scam. UFC fighter bashes XRP, calls it a ‘scam’ XRP, currently the third-largest cryptocurrency in the world by market cap, has seen its fair share of accusations over the years.
This week, Brad Garlinghouse — chief executive of Ripple Labs in San Francisco — made a massive announcement at a Wall Street Journal event in Davos, Switzerland at the World Economic Forum. The industry executive told a crowd at the event that he intends to bring Ripple public in the coming years, adding that he... The post appeared first on NewsBTC.
XRP didn’t have the best of years in 2019. In a year when effectively all assets posted jaw-dropping gains — Bitcoin gained 95%, the S&P 500 rallied by over 30%, gold posted an approximate 20% gain — the third-largest cryptocurrency plunged 50%.
The digital currencies are getting popularity day by day, and the reason behind their popularity is the increase in the price. Ripple (XRP) is currently the third highest cryptocurrency in the market by market cap, and even though, the price action was negative in the last two years, XRP holders still firmly believe that their tokens will “moon […]The post 9 Best Ripple (XRP) Wallets 2020 (iOS, Android, Hardware, Desktop) appeared first on CaptainAltcoin.
The cryptocurrency market is one of the fastest-growing industries in the world, surpassing the $200 billion mark under 10 years.
Some of the major assets like Bitcoin, Ethereum and XRP have a stroThe post Bitcoin preferred more as an 'uncorrelated asset' than 'safe-haven asset' appeared first on AMBCrypto.
Michael Arrington, partner at Arrington XRP Capital, made waves in the cryptocurrency community after he penned an article titled, "It Will Take Years for Smart People to Understand Cryptocurrencies.
The XRP community has been taken for a ride, so to speak, by Reddit user Bearableguy. The user created a lengthy ‘treasure map’, complete with clues and puzzles. Followers hoped that the final data points would reveal insider information about Ripple.
After a ~26% rise in value between the 17th and 18th of September, XRP’s 33% crash over the next 6 days shook the community, as the coin saw lows last seen over two years prior. Despite a relativelyThe post XRP's short-term rise to $0.206 likely appeared first on AMBCrypto.
Coinspeaker As XRP Price Crashes, Is It a Good Time to Buy?XRP is currently valued at $0.20 per coin. This XRP price is one of the lowest values in over two years.As XRP Price Crashes, Is It a Good Time to Buy?
Coinspeaker XRP Price Is the Lowest in 2 Years: Will It be the Worst Performer of the Year?XRP has been one of the worst-performing major cryptocurrencies in 2019, as it failed to garner any upwards momentum throughout the first half of the year, unlike Bitcoin and all the other major altcoins.
In light of the fact that the crypto-industry is still in its nascent phase, various studies using different metrics have assessed the market's trends and performances over the past few years.
AlthThe post Bitcoin trumps Ethereum, XRP in terms of auditability credentials appeared first on AMBCrypto.
Two years ago, as Bitcoin inched closed to the $20,000 valuation, several altcoins joined the rally. None more so than XRP, the premier payments-centric cryptocurrency enjoyed a massive high in late-2The post XRP at crossroads: 30% uptick or gloomy lows of $0.14? appeared first on AMBCrypto.
Bitcoin and XRP were the world's largest virtual assets going into 2019. However, while Bitcoin continues to dominate the market over the year, Ethereum did manage to overtake XRP on the cryptocurrencThe post 1.
XRP – the digital token closely associated to FinTech company Ripple – has had a rough couple of years, plummeting from highs of over $3. 00 in early-2018 and finding itself caught within a firm downtrend that has persisted throughout all of 2018 and 2019.
XRP became the third largest cryptocurrency in the world after several years of work by Ripple to increase its use cases and expand the number of companies working with the cryptocurrency. Now, SBI is analyzing the possibility of offering XRP benefits to shareholders by March 2020.
The Swell conference is being held in Singapore during November 7-9. It is considered the most significant conference organized by Ripple, the creators of XRP. The conference aims to bring influential speakers from the technology, financial services, and the payment industry.
Numerous remittance providers are experimenting with new technologies and payment corridors. This is part of the reason why Ripple and XRP have become so successful in recent years. MoneyGram, Ripple’s “biggest” partner in this venture, is now looking to leverage the company’s On-Demand Liquidity in the Philippines and Mexico.
Ripple has been in a brutal downtrend for nearly two years. Trader Peter Brandt predicts that the cryptocurrency will bottom out as soon as it completes the diamond pattern. Other traders are bullish on XRP as the cryptocurrency posts a solid rally to take out the resistance level mentioned by Brandt.
XRP surged more than 40 percent over the last few weeks as Ripple prepares to host its annual conference, Swell. As the date approaches, the market anticipates a significant price increase based on the impact this event had in previous years.
Ripple has made a lot of headlines over the past few years. Although cryptocurrency enthusiasts still dislike the company, their business model is more than sound. As a result of their approach, Ripple’s partner list has now grown.
Facebook’s digital currency Libra will not become a reality until at least 2023, the CEO of one of its would-be competitors says. Garlinghouse: I’d Bet Libra Fails To Launch In 3 Years In an interview with Fortune’s Balancing the Ledger on October 7, Ripple chief Brad Garlinghouse became the latest voice to go public with doubts about Libra.
An updated list reveals that XRP locked in escrow from various older agreements of Ripple will be entering the markets at a significant rate for the next 18 years. Ripple Updates Escrow Release Schedule Ripple, Inc.
Leading cryptocurrency payment processing platform BitPay on October 2, 2019, unveiled support for Ripple’s XRP digital token for business payments and cross-border transactions. BitPay Adds Support for XRP U.
The Ripple website has recently removed all mentions of its previous products, xRapid, xCurrent, as well as xVia. After years of promising value stemming from the usage of those systems, Ripple pivotes to a new approach.
On September 30, 2019, Ripple announced that it has completed the purchase of Algrim — an engineering firm based in Iceland that has developed a crypto-trading platform. Ripple is the company behind the world’s third-largest cryptocurrency ranked by market capitalization, XRP.
Will the real security please stand up? The debate around whether cryptocurrencies should be classified as “securities,” has been raging for the past few years. Heating up ever since companies began issuing their own “cryptocurrencies,” while distancing themselves from its inner governance, the case of what differentiates a company issuing an ownership share and a […]
The post XRP uses ‘securities-like language’, while Litecoin and Bitcoin stand clear, claims Crypto Rating Council appeared first on AMBCrypto.
XRP stood firm as crypto markets took a beating on Tuesday. Most coins fell hard, but XRP avoided hitting new lows. Market watchers now wonder if the altcoin might recover faster than other cryptos.
Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum.
Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst A market observer even claimed that XRP is on track for a massive price rally in the ongoing digital asset bull market as many cryptocurrencies are hitting all-time highs due to the positive outlook on the industry.
The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.
Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.
On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.
On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.
