Ripple

(XRP) Price

$0.3276 -0.006571 (-1.97%)

Ripple (XRP) Price

XRP - USD

$0.3276
-0.006571 (-1.97%)
0.00005087 BTC (-1.53%) Real time data

Last trade

0.00004000 XRP

bitstamp $0.00001308

Market cap

$12,980,185,438

39,624,135,240 XRP

Volume (24H)

$290,121,374

885,642,859 XRP

Day's range

$0.3137 - $0.3424

0.00004872 BTC - 0.00005318 BTC

Open price (24H)

$0.3342

52 weeks - low

$0.1500

52 weeks - high

$3.29

52 weeks - AVG volume

$830,456,536

Supply

39,372,399,467 XRP

Max supply

2,147,483,647 XRP

Details

Type
Coin
Block
Mineable
Since
Feb 02, 2013
Algorithm
N/A
Proof Type

What is Ripple?

Ripple XRP is a cryptocurrency, just like Bitcoin, which is based on a mathematical formula. It also acts as an open payment network within which the currency is transferred. Its main goal is to provide users with an alternative way of making payments, apart from credit cards, banks, and online payment systems.

History of Ripple XRP

Ryan Fugger first developed Ripple payment protocol in 2004. His main goal was to create a decentralized monetary system that could allow people to create their own money. In 2005, he debuted Ripplepay.com, a financial service that provided secure payment options over a global network. 

In May 2011, a team led by Jed McCaleb of the eDonkey network began developing a digital currency system where transactions could be verified by consensus among members. In 2012, the team co-founded OpenCoin, which worked on a new payment protocol called Ripple Transaction Protocol thus giving rise to digital currency Ripple XRP.

To maintain the security of Ripple XRP and ensure the credibility of transactions, OpenCoin programmed the digital currency to rely on a common ledger. A network of independent servers manages the network to compare transactions and maintain the value of Ripple coin.

OpenCoin connects banks payment providers and digital asset exchanges via RippleNet, to provide a frictionless experience for sending money globally. All transactions are usually recorded in a decentralized ledger. 

How Ripple XRP Works 

Ripple, the digital currency, is native to the RippleNet payment network and is currently the fourth largest digital currency with a market cap of more than $6.5 billion. The digital currency is used on the network to facilitate transactions which are processed in less than four seconds.

If a company, say in the U.S, wants to buy goods in Canada, its common practice to use a money transfer operator to pre-fund the seller’s account before the goods are delivered. The fact that this process usually takes days, whereas Ripple is virtually instant, makes Ripple XRP highly valuable and worthwhile for businesses. 

Using Ripple, a buyer in the U.S can make payments in the form of Ripple XRP for goods bought in Canada. The supplier in return will receive Ripples that can then be turned into Canadian dollars using a Ripple gateway.

Ripple XRP addresses the need for keeping money flowing freely across borders for international business. Its main goal is to build on the decentralized digital currency approach and do what the internet did to the international transfer of and access to information.

Owning Ripple 

Cryptocurrency coins are normally generated through mining, however, that is not the case with Ripple XRP. Ripple is not your typical cryptocurrency. You can buy it on various exchanges as there is no option to mine this coin. During its creation, the developers created and released 100 billion XRP coins. A few coins are usually destroyed every time a transaction takes place. 

XRP Price Prediction and Analysis

Ripple coins and Ripple shares are currently trading on an uptrend. The upward momentum has been driven largely by a major announcement by TechCrunch founder Michael Arrington. The investor is in the process of setting up a $100 million hedge fund for holding crypto assets. The fund will require limited partners to make investments in XRP and will use the cryptocurrency for all distributions and fees.

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Latest Closing Price Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Aug 20, 2018 $0.3163 $0.3419 $311,144,010 983,777,279 XRP $12,570,939,037 $0.3138 $0.3505 $0.3163
Aug 19, 2018 $0.3419 $0.3282 $327,223,205 956,945,824 XRP $13,549,344,531 $0.3190 $0.3522 $0.3419
Aug 18, 2018 $0.3282 $0.3676 $435,412,783 1,326,575,913 XRP $12,863,507,703 $0.3139 $0.3704 $0.3282
Aug 17, 2018 $0.3676 $0.2919 $496,119,939 1,349,666,201 XRP $14,419,202,456 $0.2915 $0.3738 $0.3676
Aug 16, 2018 $0.2919 $0.2802 $238,417,559 816,729,467 XRP $11,525,384,899 $0.2760 $0.3016 $0.2919
Aug 15, 2018 $0.2802 $0.2731 $332,269,455 1,185,906,723 XRP $11,074,540,602 $0.2731 $0.3021 $0.2802
Aug 14, 2018 $0.2731 $0.2747 $274,535,038 1,005,312,751 XRP $10,680,510,531 $0.2481 $0.2772 $0.2731
More Ripple Historical Data

Ripple Exchanges

Exchange Pairs Price Open price Range (24H) Volume (24H) Change Updated
Bitfinex XRP/USD $0.3273 $0.3344 $0.3423
$0.3131
$18,917,498
57,793,354 XRP
-2.11%
$-0.007070
Recently
HitBTC XRP/USD $0.3277 $0.3344 $0.3424
$0.3137
$6,864,639
20,947,936 XRP
-2.00%
$-0.006700
Recently
Bitstamp XRP/USD $0.3282 $0.3341 $0.3430
$0.3137
$5,375,386
16,376,887 XRP
-1.74%
$-0.005820
Recently
Poloniex XRP/USDT $0.3273 $0.3340 $0.3432
$0.3130
$1,996,382
6,098,679 XRP
-1.98%
$-0.006627
Recently
Kraken XRP/USD $0.3270 $0.3351 $0.3424
$0.3136
$1,755,298
5,367,883 XRP
-2.42%
$-0.008120
Recently
EXMO XRP/USD $0.3281 $0.3359 $0.3433
$0.3176
$638,118
1,944,889 XRP
-2.32%
$-0.007797
Recently
More Ripple Exchanges