It was recently reported that unfortunately, Ripple’s digital asset XRP had been the worst-performing crypto in the top ten coins.
XRP underperformed BTC
Smartereum highlighted the fact that the coin crashed and managed to become the worst-performing crypto among the top ten during the first half of 2019.
Smartereum writes that “On June 30, XRP closed at $0.396411 which is 12.45% gains on the Jan 1, 2019 opening price of $0.396411. Within the first six months of 2019, XRP consistently underperformed Bitcoin and other altcoins among the top 10 cryptocurrencies. Compared to the highest gainer during this period, XRP meager gain is nothing.”
But, the predictions for 2019 are still optimistic about Ripple’s coin and the same online magazine mentioned above explains all the details.
XRP and altcoin prices to surge
Smartereum notes that following the accumulation the cryptos’ prices would rise a lot from the middle of 2020.
They base their prediction on the fact that key consolidation acts as a support area, and they use the BTC activity from 2012 through 2015 chart analysis as a reference point.
They believe that the altcoins would move into a large accumulation period, and the price would rise as we said above.
We recommend that you read their complete analysis on the matter.
New details about the XRP-powered app
In other news, XRPL Labs’ Wietse Wind offered enthusiasts the very first glimpse at the company’s new banking app.
The application is called Xumm, and it’s designed to allow users to hold and spend euros, dollars, XRP, and more currencies without the involvement of any financial institution.
Working on that 😀 Got a interesting meeting next week 😎 Really looking forward to it!
— WietseWind (🪝🛠 @ Xaman, XRPL & Xahau) (@WietseWind) July 5, 2019
During a recent event in Amsterdam, Wieste said that the app aims to bridge the world of banking and cryptos:
“[Xumm] will deliver a user experience we know as online banking. Not just crypto. So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger…”