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XRP

XRP Market Stats

XRP Price

$22,014.48

XRP Price Change (24H)

$22,014.48

XRP Price (24H Low)

$22,014.48

XRP Price (24 High)

$22,014.48

XRP Price (All Time High)

$22,014.48

XRP Market Cap

$22,014.48

XRP Volume (24H)

$22,014.48

XRP Circulating Supply

$22,014.48

XRP Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is XRP?

XRP functions as a digital asset on the XRP ledger. It may be used as a store of value or medium of exchange for other cryptocurrencies. It is also a means of funding transactions on the Ripple network.

The Ripple Network facilitates international money transfers and currency exchanges. It replaced SWIFT (a significant money transfer network) and other settlement methods between large financial institutions.

Given that the network can so swiftly verify the validity of a transaction, Ripple is a reliable link for financial dealings. It allows users to make purchases using a wide range of traditional and digital currencies, including Bitcoin.

For every transaction on the network, a little bit of Ripple is taken out. Compared to the vast amounts banks charge for international wire transfers, the typical transaction fee of 0.000001 XRP seems small.

Confirming a Bitcoin transaction might take several minutes or hours and often comes with a hefty charge. However, Ripple transactions are verified in around five seconds at a fraction of the usual fee.

Ripple Coin Xrp-Comparweise

Who Created XRP?

In 2011, three engineers, David Schwartz, Arthur Britto, and Jed McCaleb, first created the XRP Ledger.

David Schwartz is Ripple’s present CTO. Before joining Ripple, he was the Chief Technical Officer of Santa Clara-based software business WebMaster, Inc. Here he designed CNN and the National Security Agency’s encrypted cloud storage and enterprise communications technologies (NSA).

McCaleb was an early blockchain pioneer who assisted in the formation of three prominent bitcoin start-ups. In 2010, he established Mt. Gox, the first significant Bitcoin exchange he sold the following year before it was hacked.

Arthur Britto is a co-founder and president, and board member of PolySign. Before joining Ripple, he was the CEO of one of the early ISPs, Information Access Technologies Inc. He is well known as a leader in the digital asset market from a technological standpoint and an angel investor.

These three individuals, captivated by Bitcoin, created an improved version that addressed its flaws. They intended to create a more durable digital asset meant purely for payments.

They launched the XRP Ledger for the first time in June 2012. Chris Larsen joined them shortly after that, and in September 2012, the trio launched the start-up NewCoin, now Ripple.

How Does XRP Work?

Unlike other cryptocurrencies, XRP uses distributed ledger technology. This paves the way for the easy exchange of tokens representing cash, cryptocurrency, or any other kind of value.

As the protocol is open source, anybody might use it without Ripple Labs’ knowledge or permission. Hence, traditional financial institutions and non-financial companies may now implement the Ripple protocol.

The ledger is managed by a distributed group known as the “XRP Community” worldwide. The validator nodes are responsible for verifying the legitimacy of these transactions and reaching a ‘consensus.’ Consensus is the point at which all parties agree that no further action is possible, marking the beginning of a new ledger.

Within three to five seconds (around 4 seconds on average), the ledger reaches a unanimous decision on all transactions. Organizations like universities, stock exchanges, and banks all play a role as blockchain validators.

Anyone can be a validator. So far, there have been 36 validators deployed, with Ripple Labs responsible for 6 (accounting for 16 percent of the network).

Is XRP a Good Investment?

XRP is a highly sophisticated and widely used cryptocurrency with good price prospects. However, keep in mind that it’s not just this cryptocurrency that has these attractive features. Its competitors offer similar. Also, the token’s price plummets unexpectedly.

Some believe this is because of its stronger connection to the traditional banking markets. Nevertheless, multiple users, including financial organizations and private consumers, have widespread appeal to the XRP coin. You may find it a good investment depending on your aim.

FAQs about Ripple (XRP)

How many XRP are there?

The current number of XRP tokens is 100 billion, with 45,404 billion in circulation. Ripple Labs initially possessed 55 billion tokens and could sell 1 billion each month.

How is XRP secured?

Ripple has an internal ledger and a network of validating servers to ensure that all parties agree upon all transactions. This system allows it to keep transactions efficient and secure.

What can you use XRP for?

You may use XRP like any other digital money for various transactions and investments, such as currency trades.

The Ripple payment network now interacts with approximately 55 national financial institutions. As an alternative to current practices, its On-Demand Liquidity (ODL) service uses XRP “to obtain liquidity for cross-border transactions.”

XRP News

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XRP Community

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Best XRP Wallets

Earn up to 8% yield on your crypto with Secure Wallet
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XRP Analysis

XRP Analysis Summary

It is worth noting that XRP is very unstable. Some blame this on the excessive supply, and others come up with several theories.

According to CryptoNewsZ’s prediction, the currency might reach $1.20 in 2024 and range between $1 and $1.50 in 2025.

For PricePrediction.net, the price of this crypto coin will continue to increase annually for about the next nine years. The website projects that the average price of Ripple will be $1.05 in 2024 and $1.53 in 2025. In 2026 and 2027, XRP is projected to achieve a new all-time high of around $2.28 and $3.35, respectively.

The website proposes the average value of the coin will be $4.96 in 2028 and $7.21 at the end of the decade. For 2030 and 2031, XRP may be valued at $10.67 and $15.36, respectively.

LongForecast’s outlook is far less optimistic. Ripple’s forecasted price in August 2024 will recover to $0.23 after a fall in the previous year. However, by April 2025, it may sink to $0.15. In August of 2026, XRP will be worth only $0.06.

WalletInvestor predicts that XRP will reach $0.57 in July 2023, followed by a steady climb to $1.56 by July 2027.

Analysis Q&As

What is XRP price today?

XRP price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for XRP?

XRP hit an all time high of [All High].

What was the lowest price for XRP?

XRP had an all time low of [All Low].

What was the 24 hours trading volume of XRP?

The 24 hour trading volume of XRP is [Volume].

Where can XRP be traded?

You can trade XRP on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for XRP in the market includes XRP/USD, XRP/CAD, XRP/EUR, XRP/GBP, and XRP/AUD. XRP is a token that is related to the ... categories.

What exchange is XRP on?

Online traders can buy or sell XRP (XRP) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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XRP Technicals

See Comparewise coin rating definitions for more information.

XRP Price Statistics
XRP Price Today

08/16/2022

XRP Price

$22,014.48

XRP Price Change (24H)

$22,014.48

XRP Price (24H Low)

$22,014.48

XRP Price (24H High)

$22,014.48

XRP Price (All Time High)

$22,014.48

XRP Market Cap

$22,014.48

XRP Volume (24H)

$22,014.48

XRP Circulating Supply

$121.3M

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