Ryan Watkins, the data research firm Messari’s cryptocurrency analyst, said that the majority of Ripple (XRP) owners, the fourth largest cryptocurrency in terms of market value, are at a loss.
As of today, XRP is 86% lower than its total cost. This shows that XRP owners are in a tremendous loss.
XRP, owned by Ripple Labs, is currently trading at $ 0.192. It ranks 94% lower than its $ 3.30 peak, which is the highest level of all time it reached on January 4, 2018.
Experienced investor Peter Brandt was asked recently about his thoughts about Ripple’s latest situation on a platform, and the famous investor stated that the price of XRP would fall to 1100 satoshi. In XRP / BTC parity, Ripple is trading from 2014 satoshi as of writing.