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 / Bitcoinist - 3 days ago
On the 4-hour chart, XRP is showing signs of coiling up for a breakout. The structure remains intact, as long as the broader market doesn’t break down, the chart looks primed for an upward move.
Launchpad Is Set – XRP Bulls Are Waiting For Conf...
Cryptocoins News / CoinJournal - 3 days ago
The U.S. Securities and Exchange Commission has approved Grayscale’s Digital Large Cap Fund conversion into a spot ETF.
The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano.
Experts expect approvals of multiple crypto spot ETFs.
The U.S...
Cryptocoins News / The Cointelegraph - 3 days ago
XRP trades in a tight range between $2 and $2.35, but the next price breakout could be driven by ETF speculators. Key points:X...
Cryptocoins News / The Cointelegraph - 3 days ago
XRP remains at risk of dropping to $1 if a key support zone is lost — one that aligns with the onchain realized price level. K...
Cryptocoins Exchanges / Binance - 4 days ago
I transferred some xrp from binance app to this app as proven in picture . It was displaying after the preliminary transfer but once I examine once more after a day it was displaying 0 Can somebody information me please what is improper .I want...
Cryptocoins News / CoinJournal - 4 days ago
Ripple nears end of legal battle, refocuses on XRP utility and growth.
XRP eyes a breakout above $2.30 as technical pressure builds.
XRP ETF hopes and EVM tools are boosting institutional and DeFi interest.
Ripple’s legal saga with the US Sec...
Cryptocoins News / Blockchain - 4 days ago
XRP maintains its position at $2.20 with a commanding market capitalization of $129.87 billion, while experiencing exceptional trading activity with 24-hour volume surging 71.14% to $2.25 billion, indicating heightened institutional and retail partic...
Cryptocoins News / CryptoNinjas - 6 days ago
Key Takeaways:
Ripple files to stop its cross-appeal in its headline-grabbing case against the U.S. SEC; the regulator will likely do the same.
The legal status of XRP has not changed, it is still not a security for secondary market sales.
Ripple wi...
Cryptocoins News / CryptoNinjas - 6 days ago
Key Takeaways:
Robinhood introduces micro futures contracts for XRP, Solana, and Bitcoin Friday futures.
The new instruments lower capital requirements, targeting retail traders seeking precise exposure.
The move follows Robinhood’s $200M Bitstamp a...
Cryptocoins News / Finance Magnates - 1 week ago
XRP surged over 12% to cross the $2 mark on strong
trading volume, as rising geopolitical tensions collided with renewed optimism
around Ripple’s long-running legal battle with U.S. regulators.The rally coincided with a surprise return to public
view...
Cryptocoins News / The Cointelegraph - 1 month ago
Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited. Key points:Bitcoin risks a deepe...
Cryptocoins News / The Cointelegraph - 1 month ago
XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop toward $1.70....
Cryptocoins News / The Cointelegraph - 1 month ago
Father-son team Kain and Laban Roomes are using XRP Ledger to track and dispense medicines in Uganda and are listing the startup in Canada....
Bitcoin News / Bitcoin.com - 1 month ago
This content is provided by a sponsor. PRESS RELEASE. Xrpturbo (XRT), an AI Agent Launchpad on the XRP Ecosystem is defying market conditions and capturing attention with an impressive 80% price surge in just 30 days according to Coingecko, outperfor...
Cryptocoins News / CryptoNinjas - 1 month ago
Key Takeaways:
Judge Torres rejected the Ripple–SEC $75M penalty reduction deal on procedural grounds, citing a lack of “exceptional circumstances.”
The ruling does not reverse prior court victories for Ripple, including the key judgment that XRP it...
Bitcoin News / Bitcoinist - 1 month ago
Ripple’s seemingly tidy settlement with the US Securities and Exchange Commission in the XRP lawsuit has hit a procedural wall. During a late-night X livestream on 15 May, attorney John E. Deaton dissected Judge Analisa Torres’s order refusing to “ru...
Cryptocoins News / CoinJournal - 1 month ago
Russia’s SWIFT exclusion in 2022 spurred alternative system planning.
BRICS members seek autonomy in international settlements.
XRP’s speed and cost-efficiency seen as ideal for institutional use.
A new theory circulating among cryptocu...
Bitcoin News / Bitcoinist - 1 month ago
Sell-offs have been ravaging the XRP digital asset for a while as the crypto market has recovered. This comes as no surprise given that the XRP price has been ranging low since January, and the first upsurge has presented an opportunity for early sel...
Bitcoin News / Bitcoinist - 1 month ago
Data shows the Bitcoin network is currently observing a high amount of adoption. Here’s how other major assets like XRP and Ethereum stack up.
Bitcoin Is Observing High Daily Average Wallet Creation Right Now
In a new post on X, the on-chain an...