RATE Group | XRP Price Lost 66% Against BTC in 2019 — Will the Pain End in 2020?
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XRP Price Lost 66% Against BTC in 2019 — Will the Pain End in 2020?

31 Dec XRP Price Lost 66% Against BTC in 2019 — Will the Pain End in 2020?

Posted at 14:50h in Ethereum News by

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Bitcoin (BTC) price has seen a significant increase in 2019 (by more than 100%), while altcoins are actually down significantly from the beginning of the year. 

Moreover, most altcoin/BTC pairs have been hitting new lows, and many of the coins are still trending downwards, looking for potential support.

Crypto market daily performance

Crypto market daily performance. Source: Coin360

One of these coins is XRP (XRP), which has seen a decrease of 50% over the year, going from $0.39 to $0.195. Will 2020 be a similar year for XRP and altcoins, or can we see a switch in momentum? A new analysis is warranted. 

XRP hitting new lows in USD value

It was a bad year for the XRP investor, with the price hitting new lows over and over again. 

XRP USD 1-day chart

XRP USD 1-day chart. Source: TradingView

Price held the $0.30 support throughout the beginning of the year. However, XRP wasn’t able to provide a higher high and continued making lower highs. These lower highs confirmed the downtrend and eventually, the breakdown of the $0.30 support…

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