XRP Price Stuck at $0.30 But Still Up Over 388% Since Ripple Coin’s 2013 High
2019 till now hasn’t been good for XRP when it comes to price. While Bitcoin is up 47 percent year till date and other cryptos like Binance Coin (285%), Litecoin (114%), BAT (232%), and EOS (87%) have seen a significant surge in prices, the third-largest cryptocurrency has barely moved.
So far in 2019, unlike other cryptos, XRP is down by over 13 percent. After hitting its yearly low at $0.278 in December 2018, it traded near $0.30 for the most part and on some occasions even dropped below this level.
At the time of writing, XRP/USD has been trading at $0.30 with 24-hours loss of about 0.31 percent.
No doubt, Ripple is making a lot of headway when it comes to the adoption of its products viz. RippleNet, xRapid, xCurrent, xVia as it constantly adds new partners while covering new corridors on its journey to reach the globe.
But it’s not just the Ripple ecosystem that is growing as we have reported previously if we take a look at the current price in comparison to its historical levels, the price also has come a long way.
An XRP enthusiast shared the highs and lows XRP has gone through during its over 6-year journey.
Starting from 2013, $0.0028 was the low XRP went to that year in December while the high made was at $0.0614, registering a difference of over 2000 percent. The following year was rather a dull one for XRP as both lows and highs dropped from their last year recordings.
In 2015, though the low was at a higher low, the high didn’t make any ripples at $0.0245. 2016 was by far the worst year for this digital currency as the high was at the lowest at $0.0095 but it did manage to register a higher low at $0.005.
Now comes the most electric year for the entire crypto market when the price skyrocketed to another level. This was when from $0.0053 low, XRP surged 53,000% to $2.85 level.
But, it wasn’t the highest for XRP yet, in January of 2018, it further soared to $3.84 only to move in tandem with the Bitcoin and entire crypto market to struggle in the crypto winter.
As can be seen, over the years, XRP price has seen its share of ups and lows. The long and brutal bear market has been expected to be coming to an end and though this digital asset has yet to show signs of a recovery as it is still down 90 percent from its all-time high, it gives you a good opportunity to buy the dip.
It’s well-known that cryptocurrencies are far more volatile than the traditional markets and this in no way investment advice but Ripple has a big market opportunity in front of itself in terms of cross border payments and an industry that is ripe for disruption. This coupled with the fact that XRP plays an integral role in its different solutions that moves money fast with less cost, in the long run, ti could be said, this digital asset has a lot to achieve.