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
BTC price caught a bid, leading to a similar-sized boost in select altcoins, but on a macro level, $20,000 remains a strong overhead resistance. The S&P 500 fell f...
Bitcoin News / Bitcoinist - 2 years ago
In the ongoing legal case between the SEC and Ripple Labs, the commission declared XRP as a security. However, there seem to be some twists through the unfolding events in the lawsuit.
The US Securities and Exchange Commission is one of the notable r...
Bitcoin News / Google News Bitcoin - 2 years ago
Analyst Says Ethereum Primed To Outperform Bitcoin, Updates Outlook on XRP and Two Additional Altcoins& & The Daily Hodl
Cryptocoins News / NewsBTC - 2 years ago
The XRP price has depreciated considerably over the last 24 hours. The price of the altcoin continues to totter near the $0.47 price mark.
The bears seem to be back on the charts for XRP. Over the last 24 hours, the XRP price fell by 4.12%.
On the ot...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and altcoins appear to be ignoring the headline of the U.S. dollar index soaring to a 20-year high as the British pound plummets to a record-low against DXY. T...
Cryptocoins News / CoinJournal - 2 years ago
XRP has jumped by double digits in the last one week
The gains have been fueled by positive expectations of the case with the SEC
The cryptocurrency is undergoing a correction after topping $0.55
In the past week, the price of Ripple’s...
Cryptocoins News / Blockchain - 2 years ago
With the general regressive pathway of major digital assets, here are some of the altcoins to watch this week. (Read More)
by COINS NEWS - 2 years ago
The same exact people created Ripple=XRP=XRPL and then they gifted 80 billion XRP (100 billion in total) to themselves via Ripple company. Then they put it in escrow, and keep selling it for over 10 years now. Made billions of dollars. 100 billion XR...
Bitcoin News / Google News Bitcoin - 2 years ago
‘It’s Not Priced In’—Crypto Braced For $300 Million Game-Changer As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Swing& & Forbes
Cryptocoins News / NewsBTC - 2 years ago
The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning.
Crypto influencer Ben Armstrong cl...
by COINS NEWS - 2 years ago
Ripple still stands its ground that XRP is not a security submitted by /u/mygallows [link] [comments]
Bitcoin News / Google News Bitcoin - 2 years ago
XRP Price Set For 80% Extended Rally, While Bitcoin Price Might Retest This Bottom Level& & Coinpedia Fintech News
Bitcoin News / Google News Bitcoin - 2 years ago
Crypto Analytics Firm Says XRP Whales Are in Massive Accumulation Mode As the Top Altcoin Outperforms Bitcoin& & The Daily Hodl
Cryptocoins News / NewsBTC - 2 years ago
Ripple (XRP) price has registered an impressive 33% advance above the key resistance zone as seen in the past week. XRP notably spikes by 10% on September 22
Ripple confident to win legal feud against SEC
The token also skyrockete...
by COINS NEWS - 2 years ago
All kinds of news. Let’s fucking go xrp. submitted by /u/Marrr_ty [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
The strength of the U.S. dollar continues to negatively impact risk assets, but that did not prevent Bitcoin and select altcoins from staging a few strong rallies this week....
Bitcoin News / Google News Bitcoin - 2 years ago
XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?& & Cryptosrus
Bitcoin News / Bitcoin.com - 2 years ago
Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mo...
by COINS NEWS - 2 years ago
Let’s f’ing go. Looking forward to haters comments. Time will tell but I likey xrp ???? and by the way, if ripple wins it’s good for all crypto. SEC think they have power over everything with zero guidance. submitted by /u/Marrr_t...
Cryptocoins News / The Cointelegraph - 2 years ago
The XRP price rally appears to be driven by a "buy-the-rumor" frenzy in a potential lawsuit win for Ripple versus the SEC. XRP price posted a sharp rally against Bitc...