XRP has been one of the worst performing major cryptocurrencies throughout 2019, as it struggled to gain the upwards momentum seen by Bitcoin in the early half of the year, while underperforming BTC during its downtrend during the second half of the year.<\/p>\n
This bearishness may spill over into 2020, as the cryptocurrency\u2019s fundamental strength is incredibly weak at the moment and could lead the crypto to see significantly further downside in the near-term.<\/p>\n
Currently, XRP<\/a> is trading up just over 1% at its current price<\/a> of $0.193, which marks a slight climb from its daily lows of just under $0.19 that were set in tandem with Bitcoin\u2019s fleeting dip to just over $7,000 yesterday.<\/p>\n XRP is currently trading down roughly 45% from where it started 2019, and it has shown few signs of having any underlying bullishness throughout the past year.<\/p>\n The main source of this bearishness has been the controversy surrounding the token\u2019s close ties to the San Francisco-based FinTech company Ripple, who has been conducting quarterly sales of the token<\/a> that has been pinned as one source of the downwards pressure the crypto has seen throughout 2019.<\/p>\n Just yesterday, Twitter was set ablaze by another round of Ripple XRP sales, with 200 million XRP \u2013 worth over $38 million \u2013 being moved from the company\u2019s escrow account.<\/p>\n \u201c200,000,000 #XRP (38,116,032 USD) transferred from Ripple Escrow wallet to Ripple,\u201d WhaleAlert noted in a recent tweet.<\/p><\/blockquote>\n \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 200,000,000 #XRP<\/a> (38,116,032 USD) transferred from Ripple Escrow wallet to Ripple<\/p>\n Tx: https:\/\/t.co\/B3c0D30Ppp<\/a><\/p>\n — Whale Alert (@whale_alert) December 31, 2019<\/a><\/p><\/blockquote>\n\n