RATE Group | XRP Rebounds 10% In What Might Finally Be Ripple’s Reversal
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XRP Rebounds 10% In What Might Finally Be Ripple’s Reversal

01 Oct XRP Rebounds 10% In What Might Finally Be Ripple’s Reversal

Posted at 00:31h in Bitcoin News by

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2019 has been a tough year for altcoin investors, who have had to sit back and watch their asset’s value fall further while Bitcoin went on a parabolic rally. But no subset of altcoin holder has suffered as much as holders of XRP, the native token of the Ripple protocol.

The asset was among the year’s worst performers and has fallen 99% from its all-time high set back nearly two years ago. However, relief may finally be in sight as the early signs of what might be a reversal for XRP are starting to take shape.

XRP Rises 10% on USD Pair, 5% Against Bitcoin

Throughout 2019, the price of Bitcoin rose over 350%, meanwhile, Ripple’s XRP token has set yet another fresh yearly low this past month. But now that Bitcoin has started to plummet, XRP is showing the first signs that a reversal may be forming on price charts, and has already risen as much as 10% over the last 24 hours on the XRP/USD trading pair.

Related Reading | XRP Breaks Below Bear Market Bottom, Will The Rest of Crypto…

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