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Ripple and XRP have both had a very exciting year so far in the brutal bear market when it comes to adoption and development. Prices, of course, have suffered the consequences of the bear market.
XRP, like all other cryptocurrencies at the start of 2018, remembered the upward trend so far, XRP in the first week of 2018 had just conquered Ethereum to become the second largest cryptocurrency in the world. The XRP was trading at $ 3.19 huge with a massive market capitalization of $ 123 billion at the start of this year.
Source: CoinMarketCap
Prices fell sharply over the next three days, causing prices to fall by half. The XRP of January 11, 2018 was traded at a depreciated price of $ 1.75 and market capitalization followed the same trend and stood at $ 66 billion.
The XRP tried to get up, as a result the prices reached $ 2.10 and the market capitalization to $ 81 billion, but this was ephemeral.
In addition, prices suffered a critical hit at the end of the first week of February when prices slipped in free fall, reaching a minimum of $ 0.58.
The only significant rally that XRP saw after this point was on February 10, when prices reached $ 1.25, after this point, the whole XRP saw was a boring sideways trend, which lasted from half March until the current date.
Prices have embraced the range from $ 0.40 to $ 0.50, causing a strong consolidation of the entire cryptocurrency market.
The only major movement observed in this oblique tendency abandoned by God was September 30, 2018, when prices reached $ 0.60 and market capitalization reached $ 24 billion.
The XRP remained patiently as the third largest cryptocurrency until mid-2018. However, there were some times when XRP surpassed Ethereum, but it was short-lived, albeit when 39; XRP passed the ETH in mid-September, it was the last time XRP decided to withdraw.
XRP prices as of December 16, 2018 were trading at $ 0.2910 with a poor market cap of $ 11.19 billion and a 24-hour trading volume of $ 326 million.
Most of the trade volume for XRP comes from an exchange that is not among the famous stock exchanges, but from an exchange called ZB.COM through the XRP / BTC trading pair. This exchange contributes to the incredible ~ $ 40 million to the total volume of exchanges.
Following is the Japanese exchange Bitbank, which contributes $ 38 million via the exchange pair XRP / JPY.
The community and prices for XRP deserve a break from the bear race and some kind of good news, which may already be coming, with Ripple announcing partnerships with many financial institutions and banks.
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