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 - 2 years ago
Bitcoin and altcoins are heating up ahead of the long-awaited Ethereum Merge, but do bulls have enough strength to sustain the rally? The United States equities marke...
Cryptocoins News / NewsBTC - 2 years ago
XRP is looking extremely bullish on a short-term outlook. In the long game, the timeframe charts show an incredible selling opportunity in the next three months.
XRP looking bullish from a short-term perspective
Price mid-point of $0.36 is now pois...
Bitcoin News / Google News Bitcoin - 2 years ago
Only ‘A Matter Of Time’—Crypto ‘Wild Card’ Now Poised For A Huge Fed Bombshell After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Price Rally& & Forbes
Cryptocoins News / CoinJournal - 2 years ago
Ripple case with SEC facts expected to trickle in on September 19
The case will have wide impacts on XRP and the broader crypto
XRP is recovering but remains in consolidation mode
The Ripple v. SEC case could get an interesting twist on Septe...
Cryptocoins Exchanges / Binance - 2 years ago
Hey I want help if potential. 1- trading on futures.. 2- misplaced xrp submitted by /u/Lilly_Sin9 [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and select altcoins have dropped to critical support levels and the strength of the rebound lacks strength, increasing the risk of further downside. After trad...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin Now Braced For Two Huge Earthquakes After $1 Trillion Crypto Price Crash Tanked Ethereum, BNB, XRP, Solana, Cardano And Dogecoin& & Forbes
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and altcoins are holding their immediate support levels, but traders are searching for a trigger to push the market higher. The cryptocurrency markets have bee...
Cryptocoins News / The Cointelegraph - 2 years ago
An attacker gained access to PwC Venezuela’s Twitter account and has been actively posting cryptocurrency phishing links for the last eight hours at the time of the writing....
by COINS NEWS - 2 years ago
If you dig far enough back in to my post history you'll see that I was active in the XRP subreddit. I'm not here to pick fights or argue with people. At the time, my thought process was, "Ok, they have people lobbying in congress to make...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and select altcoins continue to face selling at higher levels, which is proof that investor sentiment remains negative as traders continue to sell on rallies....
Cryptocoins News / CoinJournal - 2 years ago
Web3 payment service provider Stably, who is based in Seattle, announced plans to start issuing its & Stably USD (USDS) stablecoin on the XRP Ledger (XRPL), Coin Journal learned from a press release.&
XRP Ledger, a decade-old blockchain, is...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin’s technical setup leans toward an additional downside, leading some traders to exit altcoins, which are struggling at overhead resistance levels. Bitcoin (BTC...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin, Binance Coin, XRP, and Solana Daily Price Analyses – 30 August Morning Price Prediction& & Cryptopolitan
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin bulls are fighting to hold the $20,000 level and several altcoins have seized upon the range-bound trading by rallying up to 10%. The United States equities ma...
Bitcoin News / Google News Bitcoin - 2 years ago
Crypto Braced For A $2.7 Billion September ‘Black Swan’ After $1 Trillion Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Price Crash& & Forbes
Cryptocoins News / Finance Magnates - 2 years ago
<p>XRP witnessed a marginal price surge of 1% in the past 24 hours. In terms of weekly performance, the <a href="https://www.financemagnates.com/tag/digital-assets/" target="_blank">digital asset</a> was down by...
Cryptocoins News / NewsBTC - 2 years ago
XRP Price has met with selling pressure again after it slipped from the $0.37 price mark. The altcoin has been consolidating over the past one week and over the last 24 hours, it lost 1.2% of its market value. In the last seven days, XRP price deprec...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and altcoins followed stocks lower after hawkish statements from the Federal Reserve confirmed that the central bank remains serious about reducing inflation....