XRP is Down 95% from Its 2018 Peak; What’s Next for the Crypto?

Despite what the news may imply, Bitcoin (BTC) is up on the year, having posted an over 70% gain. XRP, Ethereum, and other altcoins, on the other hand, have suffered, plunging under the weight of a volatile Bitcoin.

Some cryptocurrencies have been hurt more than others. The most hurt altcoin in the top 10 has to be XRP, which was recently noted by analysts to have collapsed by 95% since the euphoria of the 2018 peak.

Just look at the chart above, which shows that the cryptocurrency really hasn’t had the best past 24 months.

$XRP has lost 95% from the peak, there seems to be no use case for it & the company that created it just raised $200m in a C round (which is normally 10-20% ownership).

Did they essentially buy a large % of the crypto by proxy? Confusing. Theories? https://t.co/Og5Mb8vORd

— [email protected] (@Jason) December 20, 2019

About to Get Worse?

While 95% is already a painful loss for a cryptocurrency, let alone an asset in general, some say that it may get worse from…