XRP was one of 2019\u2019s biggest losers, posting sizeable year-to-date losses in spite of the massive gains incurred by Bitcoin and some other major altcoins. This poor price action has largely stemmed from controversy surrounding the token\u2019s close ties to FinTech company Ripple.<\/p>\n
It is important to note that one key piece of data suggests that investors are starting to give up on the cryptocurrency, and this negative sentiment could be just what is needed to fuel the next major price rally.<\/p>\n
At the time of writing, XRP<\/a> is trading down just under 1% at its current price<\/a> of $0.19, posting a slight climb from its recent lows of $0.186 that were set just over one day ago.<\/p>\n The embattled cryptocurrency has been struggling to break above the $0.20 region for the past several weeks, with every attempt to move above this level being closely followed by a swift rejection that sends it back into the $0.19 region.<\/p>\n Investors who watched their XRP holdings consistently decline in value throughout 2019 appear to be losing faith in the crypto, which is emblematic while looking at the major decline in active wallet addresses the crypto has experienced as of late.<\/p>\n Luke Martin, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, noting that there is a direct correlation between active address growth and price action.<\/p>\n \u201cThe 4 major coins with declines in active addresses for 2019 all had negative performance for the year: $ETH, $XRP, $XLM, $ZEC. Top 3 best performers had solid active address growth: $BTC, $XTZ, $LINK,\u201d he noted.<\/p><\/blockquote>\n The 4 major coins with declines in active addresses for 2019 all had negative performance for the year:$ETH<\/a>, $XRP<\/a>, $XLM<\/a>, $ZEC<\/a><\/p>\n Top 3 best performers had solid active address growth:$BTC<\/a>, $XTZ<\/a>, $LINK<\/a><\/p>\n h\/t @coinmetrics<\/a> pic.twitter.com\/SxakRLuz9V<\/a><\/p>\n — Luke Martin (@VentureCoinist) January 2, 2020<\/a><\/p><\/blockquote>\n\n