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 / CoinJournal - 1 year ago
Ripple’s case with SEC continues to drag on as regulator slams XRP-friendly firms
XRP stays bullish despite consolidating the past week
Expect a breakout from an inside bar, with $0.60 in sight
Ripple XRP/USD remains bullish but has been cons...
by COINS NEWS - 1 year ago
All of these popular 2017 coins failed to hit new all time highs in the recent bull-run, despite Bitcoin hitting a high of 69k, x3.5 the high it hit in 2017. XRP does have an excuse given the lawsuit, but the rest performed really poorly compared to...
Bitcoin News / Google News Bitcoin - 1 year ago
Top Cryptocurrency Prices Today October 6: Bitcoin, Ethereum trade lower; XRP biggest gainer& & Moneycontrol
Cryptocoins News / NewsBTC - 1 year ago
Ripple (XRP) has been steadily climbing, adding over 12.50% in the past seven days. This is despite its ongoing case with the SEC coupled with the overall bearish market sentiments.ย
The bulls have managed to keep the XRP token flying high above $0.4...
Cryptocoins News / NewsBTC - 1 year ago
XRP is looking good, as Ripple once again scores a procedural victory in its lawsuit battle against the U.S. Securities and Exchange Commission (SEC) that has been ongoing for almost two years now.
XRP gains another key victory in its ongoing legal...
Cryptocoins News / NewsBTC - 1 year ago
The crypto market is bouncing from daily support levels with XRP outperforming larger cryptocurrencies, such as Bitcoin and Ethereum. This token has been trending to the upside and moving against the tide even when conditions were unfavorable on smal...
Bitcoin News / Bitcoin.com - 1 year ago
Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight day. The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also i...
Cryptocoins News / NewsBTC - 1 year ago
The story of Ripple XRP has taken several twists over the past two years. Lots of opinions have risen following its ongoing legal battle with the SEC. The lawsuit with the US SEC started in December 2020 when the regulator declared that XRP is a secu...
Bitcoin News / Google News Bitcoin - 1 year ago
Trader Who Nailed 2022 Bitcoin Collapse Predicts Big Correction for XRP, Updates Outlook on Two Low-Cap Alt...& & The Daily Hodl
Cryptocoins News / CoinJournal - 1 year ago
XRP has dipped 6% in the past week but remains on bullish momentum.
The case pitting Ripple executives and the SEC is at the center of a possible rally.
The latest order by a US federal court on the legal matter has overruled the commission....
Cryptocoins News / The Cointelegraph โ - 1 year ago
XRP investors are hopeful that a potential court victory against the SEC could send the altcoin price at least 50% higher. XRPย is hoping that the token could see a mas...
Bitcoin News / Google News Bitcoin - 1 year ago
It Could โDouble In PriceโโCrypto Braced For A Surprise $350 Billion Earthquake Amid Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Crash& & ForbesBitcoin price starts โUptoberโ down 0.7% amid hope for final $20K push& & CointelegraphMajor...
Cryptocoins News / NewsBTC - 1 year ago
The XRP price has increased significantly in the past 24 hours. The coin registered over 10% growth in the past day.
Over the last week, the coin brought in 10% appreciation as well. Overall, XRP bulls seemed to take control of the charts.
The coin c...
Cryptocoins News / The Cointelegraph โ - 1 year ago
Equities markets have extended their decline, but Bitcoin and select altcoins have not given up much ground, leading some traders to believe that the bottom is in. The...
Bitcoin News / Google News Bitcoin - 1 year ago
Biggest Movers: XRP Rebounds on Friday, Nearing Recent Highs โ Market Updates Bitcoin News& & Bitcoin News
Bitcoin News / Bitcoin.com - 1 year ago
Xrp was up by nearly 10% on Friday, as the token moved closer to a recent four-month high. The move comes as consumer sentiment data in the United States came in at 58.6, which is higher than August’s reading of 58.2. UNUS SED LEO was also in...
Cryptocoins News / CoinJournal - 1 year ago
XRP is the best performer amongst the top 10 cryptocurrencies by market cap today after rallying by more than 10%.
XRP, the native coin of the Ripple ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap on Friday. The r...
Bitcoin News / Bitcoinist - 1 year ago
Ripple chief executive officer, Brad Garlinghouse, stated in July that the crypto company will relocate if it loses its legal dispute with the U.S. Securities and Exchange Commission.
Well, it looks like Garlinghouse will just have to stay put and no...