RATE Group | XRP/USD down 45% in 2019, partnerships are not helpful
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XRP/USD down 45% in 2019, partnerships are not helpful

31 Dec XRP/USD down 45% in 2019, partnerships are not helpful

Posted at 15:29h in Cryptocurrency News by

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  • XRP/USD is one of the worst-performing cryptocurrencies out of the top-10 in 2019.
  • XRP needs to stay above $0.1900 in the short run to avoid sharp sell-off.

Ripple’s XRP has settled above $0.1900. The third-largest digital asset is range-bound on Tuesday amid decreasing trading activity. XRP has had a hard year. The coin is down 45% since January 2019 despite the recovery of the cryptocurrency market.

The US-based fintech startup entered new partnership deals and expanded the network of banks and financial institutions that use its technology for cross-border payments. However, the project’s fast development was not supportive of the cryptocurrency as most of the partners do not use XRP itself and reply only to technological solutions. 

Apart from that, the team has been criticized for being too centralized and manipulating the market.

XRP/USD: technical picture

XRP/USD recovery has been limited by the middle line of the daily Bollinger Band at $0/1980….

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