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 / Bitcoin.com - 9 hours ago
A groundbreaking XRP ETF proposal could ignite a wave of institutional inflows, signaling a pivotal moment for XRP’s ascent into Wall Street portfolios and broader financial legitimacy. Could This XRP ETF Filing Be the Trigger That Unleashes Institut...
Bitcoin News / Bitcoin.com - 11 hours ago
Vivopower is launching a high-impact XRP treasury initiative designed to accelerate yield generation, drive compounding growth, and position the company at the forefront of digital finance. XRP-Powered Treasury Play: Vivopower’s Move Signals New Grow...
Bitcoin News / Bitcoinist - 21 hours ago
Crypto pundit Bitlord has called out Ripple executives Brad Garlinghouse and Chris Larsen, accusing them of dumping XRP. The pundit has gone as far as to threaten to take action if they don’t stop selling and suppressing the token’s price.
Crypto Pu...
Cryptocoins News / Blockchain - 22 hours ago
** XRP trades at $2.81 (+0.60% in 24h) as whales accumulate 340M tokens despite institutional liquidations. Technical indicators show bearish momentum approaching key support. (Read More)
Bitcoin News / Google News Bitcoin - 22 hours ago
Bitcoin, XRP, and Ethereum Are Falling. Here Are the 3 Main Headwinds Facing the Crypto Sector.& & The Motley Fool
Cryptocoins News / Blockchain - 1 day ago
XRP price prediction shows potential for 21-28% upside to $3.40-$3.60 within 30 days, though immediate consolidation toward $2.70 support may occur first. (Read More)
Bitcoin News / Bitcoin.com - 1 day ago
While some have dubbed Google Cloud Universal Ledger an “ XRP killer,” critics remain skeptical, arguing that its centralized control by Google runs counter to the core principles of decentralization. The Debate Over Centralization vs. Decentralizati...
Bitcoin News / Bitcoinist - 1 day ago
The race to bring Solana exchange-traded funds (ETFs) to the U.S. market is gaining pace. Several leading asset managers have moved closer to launching Solana spot ETFs by submitting updated filings with regulators. The filings arrived at the same ti...
Bitcoin News / Bitcoinist - 1 day ago
Ripple’s Chief Technology Officer (CTO), David Schwartz, has clarified for XRP and RLUSD holders the workings of Automated Market Maker (AMM) liquidity pools. Schwartz has explained how these pools balance assets, generate value, and offer new opport...
Bitcoin News / Bitcoinist - 1 day ago
XRP has managed to hold its $2.80 support despite a sharp 4% drop over the past 24 hours, falling from $2.85 to $2.75 in the Aug. 31–Sept. 1 trading session.
The sell-off was fueled by institutional liquidations totaling $1.9 billion since July, but...
Cryptocoins News / The Cointelegraph - 1 day ago
Bitcoin bulls are trying to push the price back above $110,530, but bears continue to sell breakouts and the range highs. Will altcoins catch a bo...
Cryptocoins News / CoinJournal - 1 day ago
XRP falls 1.94% to $2.75 as risk-off sentiment hits crypto markets.
Active addresses drop from 50K in July to 19K, showing weak demand.
$2.70 support is key; losing it could send XRP down toward $2.08.
XRP extended its recent downturn on Monday, wi...
Cryptocoins News / The Cointelegraph - 1 day ago
XRP price is stuck in a downtrend, with several metrics suggesting that the sell-off could continue to $2 if the support at $2.70 is lost....
Cryptocoins News / Blockchain - 1 day ago
XRP price prediction shows potential rally to $3.40 in the coming weeks, but must first break above $3.20 resistance with critical support at $2.70 holding firm. (Read More)
Cryptocoins News / Finance Magnates - 2 days ago
Gumi, A Tokyo-listed game maker, wants ¥2.5 billion worth of XRP, and
it is not just chasing a pump. It is buying into a remittance-first future that
Japan’s rules increasingly allow.The Headline Number That Actually MattersGumi, the Tokyo-listed mob...
Bitcoin News / Bitcoin.com - 2 days ago
A Tokyo-listed firm is gearing up for a major XRP purchase to accelerate global finance expansion, targeting remittance dominance and ecosystem-driven revenue growth through blockchain integration. Gumi Aligns With SBI, Eyes XRP-Led Revenue Surge in...
Bitcoin News / Bitcoin.com - 2 days ago
XRP is surging toward ETF approval as futures milestones and new SEC listing standards ignite investor confidence, propelling market cap growth and real-world asset expansion on XRPL. XRP ETF Outlook Brightens With SEC’s New Listing Standards and Fut...
Bitcoin News / Bitcoin.com - 2 days ago
XRP is currently trading at $2.82 with a total market capitalization of $167 billion. Over the past 24 hours, it has experienced a trading volume of $3.07 billion and fluctuated within a tight intraday price range between $2.78 and $2.86. XRP On the...
Bitcoin News / Bitcoin.com - 3 days ago
Vivopower is redefining shareholder value with a bold XRP rewards program, Ripple stake, and crypto partnerships, fusing Wall Street strategies with blockchain-driven innovation. Vivopower Rolls out XRP Shareholder Rewards Vivopower International Plc...
Cryptocoins News / The Cointelegraph - 3 days ago
Elon Musk’s attorney will chair a company that aims to raise $200 million to invest in DOGE, Ether ETFs cross $13.7 billion: Hodler’s Digest...