RATE Group | Crypto traders had one shot to make 20% profit
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Crypto traders had one shot to make 20% profit

31 Jan Crypto traders had one shot to make 20% profit

Posted at 20:10h in Cryptocurrency News by

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Ripple XRP (XRP) is still arguably the most polarizing digital asset in the cryptocurrency space.

Powered by a network of less than 100 validators, Ripple Labs pitches XRP as a liquidity tool for the traditional finance sector. Its supporters fervently believe adoption is coming, while critics have long claimed that regulators may one day classify XRP as a security.

[READ: XRP bag holders are begging Ripple to stop dumping its coins]

Still, quarter after quarter, Ripple Labs sells millions of dollars worth of XRP to investors. This quarter saw the firm earn $13.08 million by selling XRP, down from $66.24 million in the previous three months.

XRP/USD 2019 Q3 performance recap

Ripple, like Bitcoin, declined in value for most of 2019’s third quarter. XRP opened July trade at just above $0.41, but would fall more than 40 percent to hit $0.24 by the end of September.

Swing traders were practically without luck. Aside from a handful of ineffectual…

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