|Brief||Ripple is a centralized and premined cryptocurrency. Founded in 2012 the Ripple company has created RippleNet, a blockchain platform for global payments.|
|Last updated:||Sunday, November 29, 2020 3:00:03PM UTC|
|Crypto Volatility Index (CVIX):||92|
|Current price, USD:||0.618829|
|Market capitalization, USD:||28 062 773 807|
|Available supply:||45 348 221 180 XRP|
|Volume 24 hours, USD:||17 285 704 778|
General XRP facts, technical details and general information about XRP crypto currency
Ripple is a centralized and premined cryptocurrency. Founded in 2012 the Ripple company has created RippleNet, a blockchain platform for global payments. Its token Ripple (XPP) is now one of the fastest growing digital assets and has the 5th largest market cap. The number of coins is limited to 100 billion XRP that are already built into the protocol, so they can’t be mined like Bitcoin. Inside the Ripple network, ordinary money (dollars, euros), and other coins and precious metals can be used.
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.
XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space.
Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases.
RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital.
The main advantage of XRP coins is that the Ripple network can work directly with banks and corporations that control global financial flows. The rise of Ripple is driven by belief that in the XXI century the speed of financial transactions should be the same as the speed of information exchange. The modern level of money transfers from country to country, and between banks and organizations, is characterized by low speed and endless verification processes that can last several days. The Ripple system is working to accelerate all financial transactions and can already make money transfers within a few seconds.
XRP is a unique kind of digital currency. It serves as a tool for instant conversion of any currency into another without a central exchange. Because of this significant characteristic, an internal coin called "XRP" can't be used for retail purchases, however, the currency itself has the potential to increase the volume of trades in many existing currencies.
Today, the total number of coins in the XRP system totals 100 billion. Absolutely every member of the Ripple system can create its own "exchange office": be it for goods, services or currency. Transactions in Ripple are made on a consensus basis, so there is no need for arbitration as the system transfers funds only between users who trust each other. All transactions of the Ripple system can be reversed, which is a valuable advantage which differentiates Ripple from other crypto-currencies. There are no commissions for exchange within the system, the history of all transactions of participants is stored in their wallets. It is not possible to mine XRP directly, so you can obtain it in two ways: by exchange or by participating in the calculations process. These calculations are not mathematical, and are used for data processing in science and medicine. The fee for the rental of facilities is paid by company XRP.
We list daily XRP historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 20||0.302795||0.299111||0.324629||14 555 879 115|
|Nov 21||0.328068||0.328068||0.441546||20 014 453 679|
|Nov 22||0.460957||0.417817||0.468727||21 246 523 009|
|Nov 23||0.443736||0.436968||0.598248||27 129 498 578|
|Nov 24||0.613980||0.596332||0.768019||31 128 664 428|
|Nov 25||0.695504||0.614828||0.713278||28 517 389 943|
|Nov 26||0.639538||0.476592||0.641834||24 145 029 096|
|Nov 27||0.530962||0.519696||0.574143||25 057 605 357|
|Nov 28||0.557834||0.546479||0.635264||28 259 632 348|
|Nov 29||0.623846||0.594411||0.628995||28 062 773 807|
|XRP price change 24 hours||7.56%|
|XRP price change 7 days||41.80%|
The growth leader in the top ten cryptocurrencies is again the XRP token, which adds about 20%. XRP rose above $ 0.90 on some exchanges, after which it experienced a 30% decline in a few seconds. In the process, the cryptocurrency reached its...
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Ripple's partner Bank Santander will not use XRP for international payments and is hesitant to include this cryptocurrency in its international payment network One Pay FX due to the low distribution of the token in the world....
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