Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Bitcoin Kazan on December 22, 2019, 01:06:37 PM
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Ripple XRP is the third largest cryptocurrency by Sunday ranking. But its high supply and a host of other factors will continue to be at the core of its struggle as it enters a new year. Rise and fall of XRP Like all major cryptocurrencies, the XRP enjoyed reaching $ 3.65 in early 2018. As with every cryptocurrency, this situation did not last long and the decline was much harsher than usual. Ripple XRP has lost more than 90% of its value over the past time.
That makes it one of the worst performing currencies of 2019. According to InvestingHaven, all the current momentum surrounding Ripple's XRP is actually a good sign. They see this as a” wrangling in adoption “and say XRP owners” can expect a rise before March 2020." 3 problems Ripple XRP will face in 2020 Yet despite strong supporters and praise from analysts about social rights, the XRP is expected to face a number of problems next year. Here are three problems:
Continuous Dump Probably the biggest challenge XRP owners have to face is that money is constantly being dumped, rather than getting the media attention surrounding these events.
Co-founder Jed McCaleb, with an undisclosed settlement with R3, notes that this remains at the mercy of the big money holders in XRP. XRP price depression With investor confidence declining as the trickle continues, with the XRP reaching a 2-year low (a 16% drop in 48 hours), it's hard to see any signs of a rise at the moment.
Could ripple's money be as silver as Litceoin in 2002? Increased Competition From CBDCs 2020 is already seen as a racing year of sovereign digital currencies and bank-issued stable currencies. With rising competition from China to the Marshall Islands, more and more countries are interested in launching their own digital currencies. Banks such as Facebook and JPMorgan are all in this circle, and XRP will have to tackle challenges to become a cross-border payment solution in 2020.