There is no doubt that the Ripple cryptocurrency has a dedicated fan base. However, this month, we could see how XRP is overlooked after failing to make a significant move and rise. In the XRP news today, we can see that the Ripple price is still at $0.20 – a territory that has been here for around a month.
This triggers many people to share things about Ripple and wonder why the coin is not making big moves. On top of that, we could see the stablecoin Tether (USDT) taking XRP’s place as the third most valued digital asset out there, which raised even more concerns.
The “XRP Army” which is a base of Ripple fans and supporters is clueless, too. The fact is that the Ripple price disappoints. The last significant price rally was somewhere before New Year, when the company revealed a $200 million funding round and valued the company at $10 billion.
So, it is true that XRP is overlooked and having a difficult year, mostly because the world’s biggest banks, payment providers and technology companies are now developing their own digital tokens. On top of that, the Ripple price is suffering, too.
However, the chief at Ripple Brad Garlinghouse told Fortune Magazine that he expects growth of the company. The growth that he predicted was a 30% to 40% increase in the customer base, and a transaction volume which would rise by more than 600%.
“We are in a strong financial position to execute against our vision. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019,” said Garlinghouse in a statement, adding on Twitter this is “a big end to 2019 for Ripple and for the crypto space at large.”
— Brad Garlinghouse (@bgarlinghouse) December 20, 2019
Why are we sharing this old fact in the crypto news today – you are asking yourself.
To us and many others, this is a reminder of the true potential of Ripple’s technology. Even though XRP is overlooked, the company owns 60% of it and most of them are locked in long-term storage.
What’s also worth noting in the end is that despite the boringness of XRP right now, the token has endured many of the ups and downs since it was released in 2012, earning its fair share of fans and detractors along the way.
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