Ripple And XRP: Q1 XRP Performance Analysis
Ripple is working hard these days to continue pushing further with its plans despite the global crisis in the middle of which we are.
The San Francisco-based company has also been boosting the complete XRP ecosystem and also pushing for the mainstream adoption of the digital asset.
Messari Q1 report is out
There’s a recent report from Messari that shows XRP is the worst performing crypto in Q1 2020 among the first 25 digital assets.
According to the online publication the Daily Hodl, the XRP’s pullback came as Ripple has been sealing new partnerships that are designed to leverage the coin via the company’s liquidity solution called ODL.
The On-Demand Liquidity product is the formerly known Rapid, but its name changed following a rebranding process.
Mexico’s top Bitcoin exchange Bitso said that it uses XRP as a bridge currency in order to power 2.5% os all remittances between the US and Mexico.
Messari is also highlighting Ripple’s strategy of easing XRP sales, which started in the second half of 2019.
Anyway, the report concludes that Ripple’s selling strategy has very little impact on the price of the digital asset XRP.
We recommend that you check out the complete report in order to learn more details.
$XRP was the worst performer in Q1 of the top 25 assets in our currencies sector excluding bitcoin
— Messari (@MessariCrypto) April 10, 2020
Other than this, there are various optimistic predictions regarding XRP.
It’s been revealed that a popular XRP analyst predicted that the coin is getting ready for a surge in price by 50%.
The crypto analyst in question is Bagsy, and he said that XRP still has to witness the best to come.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.