|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:||Tuesday, September 29, 2020 10:00:03PM UTC|
|Crypto Volatility Index (CVIX):||33|
|Current price, USD:||0.241566|
|Market capitalization, USD:||10 903 364 736|
|Available supply:||45 136 163 236 XRP|
|Volume 24 hours, USD:||1 705 904 904|
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, $|
|Sep 20||0.251261||0.244138||0.251512||11 057 624 791|
|Sep 21||0.246394||0.230602||0.247267||10 518 717 133|
|Sep 22||0.231611||0.230637||0.234371||10 514 378 958|
|Sep 23||0.232996||0.222474||0.234369||10 099 079 132|
|Sep 24||0.221221||0.221221||0.233213||10 517 307 457|
|Sep 25||0.232905||0.230322||0.244289||10 922 423 737|
|Sep 26||0.241922||0.238773||0.244652||10 914 911 761|
|Sep 27||0.242160||0.239373||0.244359||10 936 514 176|
|Sep 28||0.242756||0.242756||0.246469||11 112 147 086|
|Sep 29||0.241858||0.239988||0.245947||10 903 364 736|
|XRP price change 24 hours||-1.62%|
|XRP price change 7 days||3.92%|
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....
peter_pie August 16, 2020 XRP
XRP has long caused only apathy among cryptocurrency market participants, but after the news of the launch of the beta version of the P2P payment platform Payburner based on the token, it has sharply jumped to growth, having jumped 35% in the last 7...
Terra Crypto August 3, 2020 XRP
Once messengers defeated mobile operators on their own playing field, and now hardly anyone uses a regular phone for international calls. Cryptocurrencies are currently at a stage where the traditional banking sector, with its international...
ico-searcher July 8, 2020 XRP
I don't agree with people who complain about XRP's poor performance. Sure, it hasn't been showing some impressive gains over the last few months, but the price action of that coin allows traders like me, who trade on the 15-minutes/1-hour time...
Ginger October 7, 2019 XRP
XRP is has been quiet lately, and not in terms of announcements or partnerships, but in the sense that traders are overlooking it for other options. At the moment we can expect XRP to continue its decline since there is no real reason to hold onto...
Ahmed5757 August 25, 2019 XRP
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