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.
Cryptocoins News / The Cointelegraph - 11 hours ago
XRP consolidated near $2.75 with bearish pressure looming. Onchain data and liquidity compression suggest a possible dip before a price rebound....
Cryptocoins News / The Cointelegraph - 16 hours ago
Bitcoin and several major altcoins are trying to start a recovery, but they are likely to be met with significant selling pressure at higher level...
Cryptocoins News / CryptoNinjas - 1 day ago
Ethereum is stuck in chaos at $4,160 after heavy ETF outflows and whale sell-offs. And XRP has slipped to $2.85 as the Fed cuts rates and a stronger dollar weighs on the market. Both tokens are showing cracks at key resistance levels. And this left i...
Bitcoin News / Bitcoinist - 1 day ago
Ark Invest, an American investment management firm, has recently shared a long-term forecast that envisions the Ethereum (ETH) price reaching the six-digit territory if the total crypto market capitalization surges to $25 trillion. Ark Invest also no...
Bitcoin News / Bitcoinist - 1 day ago
Midas, in partnership with Axelar, has launched the first XRP liquid staking token, mXRP. The token will provide investors with yields from the XRP DeFi ecosystem and further expand the altcoin’s utility.
XRP Liquid Staking Token Launches
Midas reve...
Cryptocoins News / Blockchain - 1 day ago
XRP price prediction suggests recovery to $3.15-$3.20 range within two weeks, with technical analysis showing oversold conditions despite bearish MACD signals. (Read More)
Bitcoin News / Google News Bitcoin - 1 day ago
Bitcoin, XRP, and Ethereum Are Falling. Here Are the 3 Main Headwinds Facing the Crypto Sector.& & Yahoo Finance
Cryptocoins News / CryptoNinjas - 1 day ago
Key Takeaways:
The U.S. SEC has approved the Hashdex Nasdaq Crypto Index US ETF under new generic listing rules.
The ETF basket now includes XRP, Solana (SOL), and Stellar (XLM), alongside Bitcoin (BTC) and Ethereum (ETH).
Faster approvals under new...
Bitcoin News / Google News Bitcoin - 1 day ago
Bitcoin Price, XRP, Ethereum Fall. Why the Crypto Slump Is Continuing.& & Barron'sBitcoin Is Back Below $110,000. Here's What to Know About the Latest Crypto Sell-Off.& & InvestopediaBitcoin (BTC) Price News: Above $110K; ETH, SOL, DOGE Rebound as Cr...
Bitcoin News / Google News Bitcoin - 2 days ago
Bitcoin, Ethereum Slip As Risks Of US Shutdown Loom; Solana, XRP, Cardano To Join Hashdaq Crypto Index& & Stocktwits
Bitcoin News / Google News Bitcoin - 2 days ago
Bitcoin News: Ether (ETH) Dips Below $4K, BTC, XRP Slide as U.S. Government Shutdown Risks Mount& & CoinDesk
Cryptocoins News / The Cointelegraph - 2 days ago
XRP price was up 6.8% since Monday’s crypto market pullback, as traders said key support levels must hold to sustain a recovery to new all-time hi...
Cryptocoins News / The Cointelegraph - 3 days ago
XRP is more likely to see profit taking than a price surge, while Polymarket odds favor SOL, BTC and ETH hitting new highs this year....
Bitcoin News / Bitcoin.com - 4 days ago
XRP is trading at $2.85 with a market capitalization of $170 billion and a 24-hour trading volume of around $7.77 billion. The digital asset saw an intraday price range between $2.717 and $2.99, reflecting volatility against the backdrop of recent ma...