XRP
Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.
Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count.
Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon.
In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense.
XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.
Bitcoin News / Google News Bitcoin - 6 hours ago
XRP plunges, gold fluctuates, and Bitcoin stalls? Smart money is turning to NB HASH RWA — the next big thing is here!& & GlobeNewswire
Bitcoin News / Google News Bitcoin - 6 hours ago
Why Crypto Is Going Up Today? Bitcoin Price, XRP, Dogecoin and Ethereum Surge After $19B Crisis& & Finance Magnates
Bitcoin News / Google News Bitcoin - 6 hours ago
Why Crypto Is Going Up Today? Bitcoin Price, XRP, Dogecoin and Ethereum Surge After $19B Crisis& & TradingView
Bitcoin News / Google News Bitcoin - 7 hours ago
Bitcoin, XRP, Ethereum, Dogecoin, Solana prices jump as Cryptocurrency shares rise in US Stock Market. Det& & The Economic Times
Bitcoin News / Bitcoinist - 10 hours ago
The XRP price looks to be on the verge of another breakdown that could send it spiraling to new multi-month lows. This comes after a failure to hold the support at $2.5 and the subsequent decline that has put it on a rather bearish path. If this bear...
Cryptocoins News / Blockchain - 11 hours ago
XRP trades at $2.46 with 4.7% daily gains as Ripple's $200K security bounty program and African expansion offset broader crypto market concerns following last week's selloff. (Read More)
Bitcoin News / Bitcoinist - 12 hours ago
On-chain sleuth ZachXBT has traced a $3.05 million theft of XRP from a US retail user to a laundering route that ran through Bridgers—an aggregator formerly associated with SWFT—and into over-the-counter venues linked to Huione, the Cambodian financi...
Bitcoin News / Google News Bitcoin - 14 hours ago
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP struggle as selling pressure mounts& & FXStreet
Bitcoin News / Bitcoin.com - 17 hours ago
XRP is powering into a new growth era as Ripple reportedly leads a $1 billion drive to build a digital asset treasury, strengthened by major bank alliances, strategic acquisitions, and expanding institutional momentum across global finance markets. X...
Bitcoin News / Bitcoin.com - 20 hours ago
Volatility Shares just ignited the ETF race by filing for a groundbreaking set of 27 highly leveraged products—featuring first-ever 5x exposure to bitcoin, XRP, ether, solana, and top equities—signaling a seismic shift in access to turbocharged crypt...
Bitcoin News / Bitcoin.com - 21 hours ago
Institutional demand for regulated crypto assets is exploding as CME Group’s record-breaking quarter cements XRP and solana futures as rising powerhouses, with trading volumes, open interest, and participation surging across every major digital asset...
Bitcoin News / Bitcoin.com - 1 day ago
XRP is standing at $2.41 with a market cap of $144 billion and a 24-hour trading volume of $2.76 billion. The price danced within a range of $2.32 to $2.41, holding steady like a poker-faced pro after a rollercoaster ride. XRP Chart Outlook The one-h...
Bitcoin News / Google News Bitcoin - 1 day ago
Morning Crypto Report: US Bitcoin Reserves Soar 64% Overnight, XRP Wallets Hit Historic Records, Coinbase X Hacker Makes $33& & TradingView
Bitcoin News / Google News Bitcoin - 1 day ago
XRP, SOL Break Ahead With Bullish Reset in Sentiment as Bitcoin and Ether Stay Stuck in the Gloom& & CoinDesk
Cryptocoins News / Blockchain - 1 day ago
XRP trades at $2.36 with 1.5% daily gains as Ripple's partnership with Absa Bank provides fundamental support following this week's 15% crypto market decline. (Read More)
Bitcoin News / Bitcoinist - 1 day ago
Crypto firm Ripple is reportedly set to raise up to $1 billion to set up an XRP treasury firm. The firm is notably the largest XRP holder and plans to contribute some of its holdings to this proposed venture.
Ripple To Raise $1 Billion For XRP Treas...
Cryptocoins News / The Cointelegraph - 1 day ago
Crypto analysts mull over Ether’s price going “nuclear,” Ripple Labs seeks to buy $1 billion XRP tokens, and other news: Hodler’s Digest...
Cryptocoins News / Blockchain - 2 days ago
XRP price prediction suggests potential 31% upside to $3.10 resistance despite bearish MACD signals, with key support at $2.17 critical for bullish continuation. (Read More)
Cryptocoins News / The Cointelegraph - 2 days ago
Holding above $2 increases XRP's potential to retest $3 in the coming weeks, while also maintaining a record high target of around $7.75....
Cryptocoins News / CryptoNinjas - 2 days ago
The market is slowly shifting out of its recent correction phase, and investors are already looking for the best altcoins to invest in. One key theme in this cycle has been capital rotation between established and early-stage tokens. On one side are...
Bitcoin News / Bitcoinist - 2 days ago
Ripple’s recent announcement of a partnership with Absa Bank, a leading pan-African financial institution, has drawn significant interest from the crypto community. Bill Morgan, a pro-XRP lawyer, explained that while the partnership primarily focuses...