XRP has failed to make holders rich like bitcoin and ether. Here’s why
XRP remains below its 2017-cycle high while bitcoin, ether and other major tokens have surged, enriching their holders.
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Summary
- XRP trades around $1.33, about 62.5% below its January 2018 peak, while Bitcoin, Ether and several other major cryptocurrencies have surpassed their previous highs.
- Analysts attribute XRP’s lagging price partly to a sharp increase in circulating supply, weak fund inflows and declining trading activity and network use.
- Ripple’s focus on payments, XRP’s limited exposure to popular crypto sectors and years of regulatory uncertainty from the S.E.C. case have also weighed on demand.
