Ripple XRP (XRP) is still\u00a0<\/em>arguably\u00a0the most polarizing digital asset in the cryptocurrency space.<\/p>\n Powered by a network of less than 100 validators, Ripple Labs pitches XRP as a liquidity tool for the traditional finance sector. Its supporters fervently believe\u00a0adoption is coming<\/em>, while critics have long claimed that regulators may one day classify XRP as a security.<\/p>\n [READ:\u00a0XRP bag holders are begging Ripple to stop dumping its coins]<\/em><\/p>\n Still, quarter after quarter, Ripple Labs sells millions of dollars worth of XRP to investors. This quarter saw the firm earn $13.08 million by selling XRP, down from $66.24 million in the previous three months.<\/p>\n Ripple, like Bitcoin, declined in value for most of 2019\u2019s third quarter. XRP opened July trade at just above $0.41, but would fall more than 40 percent to hit $0.24 by the end of September.<\/p>\n Swing traders were practically without luck. Aside from a handful of ineffectual bounces, the price of XRP was more often than not in the red.<\/p>\n Even the most obvious bounce, which occurred mid-September, didn\u2019t leave speculators with loads of opportunity. That event only pushed XRP\u2018s price up roughly 16 percent, with any momentum generated unfortunately short-lived.<\/p>\n 2019\u2019s fourth quarter gave traders a little more room to breathe, with market performance generally split in half.<\/p>\n From October 1, XRP\u2018s price gradually rose from $0.257 to just reach $0.30 on November 6. This would however mark its high for the quarter, with XRP retracing more than 35 percent to end the year\u2019s trade at $0.194.<\/p>\n Those who opened longs at the start of October would\u2019ve done well to get out before mid-November. In fact, market bounces were incredibly shallow for the rest of the year, which rendered swing trading relatively ineffectual.<\/p>\n At most, traders who bought XRP at the very start of the quarter could\u2019ve made around 20 percent had they bought XRP at the very start of the quarter and sold the $0.30 top.<\/p>\n Last quarter saw Ripple Labs (the company behind XRP) complete its acquisition of a $50 million stake in MoneyGram, a US-based money transfer firm, one of the largest in the world.<\/p>\n This means Ripple now owns a little less than 10 percent of MoneyGram\u2019s outstanding common stock.<\/p>\n The firm also invested $750,000 into mobile wallet provider BRD through its investment arm Xpring. The deal aims to support a new strategic partnership between the two companies, with XRP added to the app so that users can hold, buy, sell, and send the cryptocurrency.<\/p>\n Aside from investments, Ripple continued to deal with an ongoing class action lawsuit that alleges it illegally sold unregistered securities in the form of XRP cryptocurrency.<\/p>\n The adoption of XRP cryptocurrency by the internet\u2019s cyberbaddies also reportedly grew, with cryptocurrency analysis firm Elliptic providing evidence of $400 million in illicit XRP transactions.<\/p>\n<\/div>\n Ripple\u2019s year-to-date market performance has been pretty strong. Backed by a resilient Bitcoin, the price of XRP is up almost 24 percent this year, rising gradually from $0.19 to $0.235 at pixel time.<\/p>\n It\u2019s unlikely that these gains would continue without Bitcoin also moving upwards, so speculators would be wise to keep an eye out on sudden short-term downtrends in more dominant markets.<\/p>\n On the horizon, Ripple Labs CEO Brad Garlinghouse teased the company\u2018s IPO plans, noting that he didn\u2019t want to be the first or the last cryptocurrency company to go public.<\/p>\n Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. <\/span>65% of retail investor accounts lose money when trading CFDs with this provider.<\/b> You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.<\/span>
\n<\/p>\n Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
\n<\/p>\n Past performance is not an indication of future results. This is not investment advice. Your capital is at risk.<\/span><\/p>\n<\/div>\n \n Published January 31, 2020 \u2014 15:29 UTC\n <\/p>\n<\/p><\/div>\nXRP\/USD 2019 Q3 performance recap<\/strong><\/h2>\n
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<\/figure>\n<\/p>\nXRP\/USD 2019 Q4 review<\/strong><\/h2>\n
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<\/figure>\n<\/p>\nBiggest news for XRP in Q4 2019<\/strong><\/h2>\n
Looking ahead<\/strong><\/h2>\n
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