Ripple's Q1 performance report shows XRP hasn't had a great start to 2019

04 May, 2019 | Updated: 04 May, 2019
by Richard Allen
News
Ripple's Q1 performance report shows XRP hasn't had a great start to 2019

Ripple has had its fair share of ups and downs this year, with its underlying foundation being a frequent target for attacks. However, the release of its Q1 report, the organization talks about the massive shift in value after the 2017 bull run.

Released by The Next Web, the report explains how XRP was one of the top earners during the 2017 spike, increasing in value by over 38,000%, from $0.005 to $2.30 by the end of the year. This continued into the first week of 2018, where XRP hit a high of $3.36, increasing 46% in a week.

However, by December, XRP had dropped 89% from its year high to $0.36. this carried over to January, where it started 2019 trading at $0.35. The following day it hit $0.37, the highest trading price it would see all quarter. The report goes on to say that XRP’s price in February was $0.32, a further 11% drop in value since the start of the year.

At the time of writing, XRP is trading at $0.30, down by 2.73% since yesterday’s impressive price performance with a total market cap of $12.7 billion, and a 24-hour trading volume of $1.1 billion.

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Read more about: Ripple (XRP)

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