Ripple's XRP- An Undervalued Cryptocurrency Making Waves in 2019
Ripple's XRP- An Undervalued Cryptocurrency Making Waves in 2019
Ripple's XRP has been hit particularly hard in 2018-2019. Suffering an outsized 17% price decrease to just $0.3, XRP is a value play in the cryptocurrency market.
XRP is a fan favorite in the cryptocurrency market. Coming in at third by marketcap after struggling with Etheteum for dominance, the long-suffering cryptocurrency looks to be closing deals in the financial world. Most recently, XRP technology is being used by Ria Money Transfer, the second largest remittance service, with $40 billion in annual transferred money.
Ripple's XRP has been smashed in price since its all time-high in Q4 2017 of more than $3, and is down 90% since that time. XRP's performance is similar to the rest of the cryptocurrency market, which saw a total marketcap reduction of approximately $650 billion. Ripple's XRP is made to be used in global finance, and will realize this goal.
Now is a great time to pick it up below $0.3. The resistance level appears to be around $0.37, and the market seems set to recover as Bitcoin continues its ascent to $6,000 and beyond. The Bitcoin halving of rewards in May of 2020 has historically led to a run-up in cryprocurrency prices. Keep a close eye on Ripple's XRP if it falls below $0.25, and be ready to buy around $0.27-$0.32 in accordance with the resistance levels. Enjoy this time of low prices and hdol!
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Originally published in the Hyperspace account I own at: https://hyperspace.app/postForm
Also published in my Whaleshares, Golos, Serey, Minds and Weku accounts I own.
Picture from Pixabay.