XRP, the third-largest cryptocurrency had a difficult 2019 with the price closing below what was expected. Despite this fall, the cryptocurrency managed to maintain a decent market volume that enabled enterprises to use it in their services.
In a recent report compiled by XRPArcade, it was noticed that XRP witnessed multiple fluctuations over the past 12 months. XRP’s price dropped by more than 50 percent in 2019 in terms of dollars while the dip fell to 75 percent in terms of BTC value.
The analysis pointed out that the value of Bitcoin changed rapidly throughout the past year, either “upwards or downwards”s. The analysis stated the fact that since XRP has been subject to the same bear market as other tokens, does not help in appeasing its investors. XRP holders would be happy to know that in spite of XRP’s price drop, it still had one of its most stable years. The highest intraday volatility over the past year occurred on May 14th, clocking in at 28.75 percent.
The last year was also the time period when XRP was listed on several exchanges, 82 to be exact. The list included Coinzeus, Coinmetro, Huobi and Binance US. By looking at the adjusted volume, Biki came at the top with $1.33 billion after being launched in June 2018. LBank came second with $1.324 billion in terms of adjusted volume, although it was launched back in October 2016. Out of the newly listed exchanges in 2019, Folgory was the highest at 14th. The exchange had an adjusted volume of $1.031 billion after launching in January 2019.
According to the report, there are 1130 markets listed on XRParcade. XRP is listed on 388 exchanges and is also paired with 47 fiat currencies with a total of 349 fiat markets. The United States Dollar was the most popular paired currency with EU coming in second. Twenty nineteen was the year when multiple companies started accepting or support XRP. These included multiple payment gateway services, global entertainment platforms and digital wallets.
The total number of nodes on the XRP Ledger remained stable throughout 2019 and was at number 993 at press time. It is still too early to predict XRP’s movement in 2020, but the year has definitely started off well for Ripple’s native cryptocurrency.