XRP price action imminent? A closer look at the market’s #3 crypto
Cointelegraph
Published Dec 10, 2020 11:14AM ET
Updated Dec 10, 2020 01:00PM ET
As the second-largest altcoin by market capitalization, XRP is hardly far from consideration during periods of significant bullish enthusiasm in the cryptocurrency market. Despite being 85% down from its January 2018 high, recent price spikes have sparked noticeable interest in XRP as investors consider viable diversification candidates for their crypto portfolios.
Any discussion about XRP often includes criticisms of Ripple, a blockchain payments firm that originally created the XRP token. Furthermore, XRP critics argue that Ripple’s ownership of the majority of the token supply, as well as its penchant for dumping “coins” on the market, is likely to erode any significant value for XRP holders.
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Written By: Cointelegraph
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