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 - 2 hours ago
XRP trades at $2.72 on Feb. 16, 2025, consolidating near resistance as traders weigh bullish momentum against fading volume signals. XRP The 1-hour XRP/USDC chart for Binance shows a recent high of $2.837 followed by consolidation, with lower highs s...
Cryptocoins News / CoinJournal - 21 hours ago
It remains to be Bitcoin season with the CMC altcoin season index being at 35. Even so, altcoins like Dogecoin and Ripple have recorded significant gains amid heightened anticipation for ETFs.
Besides, iDEGEN remains on investors’ radar as it e...
Bitcoin News / Bitcoin.com - 1 day ago
XRP is trading at $2.78 with a market capitalization of $160 billion, a 24-hour volume of $5.37 billion, and an intraday price range of $2.70 to $2.82, demonstrating active market engagement and bullish momentum. XRP XRP’s one-hour chart revea...
Bitcoin News / Google News Bitcoin - 1 day ago
Crypto Market Today (Feb 15th, 2025): Bitcoin Trades Sideways | U.S SEC Reviews Grayscale’s XRP ETF?& & Coinpedia Fintech News
Cryptocoins News / CoinJournal - 2 days ago
Over the years, Ripple (XRP) and Solana (SOL) have dominated the market as two of the best cryptos for long-term investors.
However, times are changing rapidly, paving the way for 1Fuel, a revolutionary newcomer that has raised over $2 million via it...
Cryptocoins News / CoinJournal - 2 days ago
If approved, the Dogecoin and XRP ETFs will trade on the NYSE Arca exchange
The SEC has 240 days to approve or reject the filings once they have been submitted to the SEC’s federal register
Last week, the Cboe filed four XRP ETFs on behalf of...
Cryptocoins News / CoinJournal - 2 days ago
Is the new kid on the block about to outshine big name rivals like XRP and Solana with a major rally? A growing number of XRP and Solana investors seem to think so, as they turn their attention to the all-new privacy-focused cryptocurrency, and one-c...
Bitcoin News / Bitcoin.com - 2 days ago
Over the last 60 minutes, XRP currently fluctuates between $2.69 and $2.75, marking a 12.5% daily gain, with its valuation reaching $158 billion. Trading activity over 24 hours totals $6.58 billion, while intraday price swings span $2.42 to $2.77. Th...
Bitcoin News / Bitcoinist - 2 days ago
On-chain data shows the retail investors have been liquidating their Bitcoin wallets recently, but buying into XRP and Ethereum.
Total Amount Of Holders Up For XRP & Ethereum, But Down For Bitcoin
In a new post on X, the on-chain analytics firm S...
Cryptocoins News / CryptoNinjas - 2 days ago
SEC Acknowledges Grayscale’s XRP & Dogecoin ETF Filings: A Game Changer or Regulatory Roadblock?
Key Takeaways:
The SEC is reviewing Grayscale’s spot ETF filings for XRP and Dogecoin, a potential watershed moment.
Legal battles surro...
Bitcoin News / Google News Bitcoin - 2 days ago
Crypto Prices Today (Feb 14th, 2025): Bitcoin Price Holds Steady, XRP Leads Top Altcoins& & Coinpedia Fintech News
Bitcoin News / Google News Bitcoin - 2 days ago
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH and XRP show some strength& & FXStreet
Bitcoin News / Bitcoin.com - 3 days ago
On Feb. 13, 2025, XRP stood at $2.46, commanding a valuation of $141 billion, paired with a daily trading volume of $4.87 billion. Its price oscillated between $2.36 and $2.49 during the session, reflecting a delicate balance between buyer tenacity a...
Bitcoin News / Google News Bitcoin - 3 days ago
Crypto News Today (Feb 13th, 2025): Bitcoin Price Rises to $97k | ETF News Pushes XRP Price!& & Coinpedia Fintech News
Bitcoin News / Google News Bitcoin - 3 days ago
Should you give up on ether, XRP and dogecoin as bitcoin continues to dominate the crypto market?& & MarketWatch