|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:||Monday, July 22, 2019 10:59:02AM UTC|
|Current price, USD:||$0.327|
|Current price, BTC:||0.0000311|
|Market capitalization, USD:||$13 987 549 799|
|Available supply:||42 832 704 971 XRP|
|Volume 24 hours, USD:||$979 689 602|
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. 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.
We list daily XRP historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Jul 22||0.330||0.325||0.33||13 987 549 799|
|Jul 21||0.334||0.324||0.335||14 196 570 311|
|Jul 20||0.321||0.32||0.339||14 272 232 666|
|Jul 19||0.323||0.315||0.323||13 727 356 029|
|Jul 18||0.309||0.307||0.326||13 842 515 320|
|Jul 17||0.297||0.296||0.32||13 304 378 913|
|Jul 16||0.320||0.295||0.32||12 630 613 062|
|Jul 15||0.304||0.302||0.319||13 421 671 800|
|Jul 14||0.333||0.306||0.335||13 043 521 742|
|Jul 13||0.342||0.326||0.343||14 139 724 265|
|XRP price change 24 hours||-1.04%|
|XRP price change 7 days||4.06%|
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 its asset. There will be a time to re-accumulate XRP in the near future, but not right now. Even alts like XLM - which is a hedge for XRP, is on the way down as well. Most large TA groups are calling for a significant drop in value for XRP as BTC continues its bullish movement.
XRP has once again fallen and is hovering roughly 30% from its ATL. This is crazy to think about since XRP is being actually used by real banks.It’s already completed its pilot phases and is being used to transfer client’s funds around the world. Although XRP isn’t as vocal as they should be (like XLM and IBM), they’re still getting loads of work done for the entire crypto space. XRP used to be hated amongst most in crypto, but now they are seen as a guiding light. These prices surely won’t last, and there’s no better time than now to buy boatloads of XRP.
Ripple is not going to make the huge gains evereyone thinks they are going to. Although they’ve basically been declared “not a security” because of the CB listing, we can’t assume that the SEC will see it the same way. I truly don’t believe XRP is done correcting, as it had a very positive time during the bear market. It’s up significantly from 6 months ago, so you really need to take this with a grain of salt when viewing the price. Zoom out and look at the 1 week charts, it’s not going up from here- but down.
Basically, XRP has been declared not a security. This is as bullish as it gets from Ripple, since it's been claimed to be a security for the last year. Coinbase listed them, and CB is one of the most, if not the most, regulated crypto exchanges out there. The statement they made from listing XRP echoed across all platforms and crypto communities. Not only does it mean that XRP isn't a security, it means it will be more appealing to retail investors that were scared away by the potential actions by the SEC.
I put a big investment into XRP because of the rumors circulating around it getting listed on coinbase soon. This has one of the biggest gains for me because I was down already 80% from the bear market on a lot of altcoins. XRP is probably one of the safest choices when it comes to these cryptos.
We publish the most accurate XRP Forecasts and News including crypto industry experts' opinion on a daily basis
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