As of December 1, 2018, the price of XRP fell from the highest price of 3.6 US dollars to 0.39 US dollars, and then rebounded slightly in the next few months, but it has not yet emerged from the predicament. Previously, the XRP price just fell below the lowest price in December 2018, which means that since 2017, the return rate of XRP has fallen by more than 90%. To some extent, XRP does not carry the value of Ripple very well at this stage. Ripple has three products, xCurrent, xRapid and xVia.
According to statistics, more than 200 organizations around the world have established partnerships with Ripple, but most organizations use xCurrent, and xCurrent is not highly dependent on XRP, but xRapid, which requires XRP as the transfer medium, is currently only available. A few institutions are using it. Even though Ripple has better technology and products, because the market does not have much demand for XRP, the original token of XRP cannot fully carry and reflect the value of Ripple. CoinMarketCap market shows that XRP is currently quoted at $0.3173, a 1.8-hour increase of 1.87%.
- Investor litigation is directed at Ripple, will the XRP building be dumped?
- The multiple contradictions are concentrated and the reasons for the low XRP currency price are down?
- XRP investors filed a new lawsuit against Ripple to add that it meets securities standards and violates advertising laws
- Hedge funds short Zcash and XRP to hear what they say
- PNC, the eighth largest banking company in the US, began using RippleNet for cross-border payments
- Ripple executives create music trading platform xSongs to support XRP to buy music
