The Price of Ripple

The Current XRP Price In USD

The Ripple (XRP) chart above is a real time quote of the current value of Ripple as priced in U.S. Dollars. The chart shows how much the price of Ripple has risen or fallen in the past week, month and year. It also displays the current rank according to its total Market Cap.

In addition to all the current Ripple price data above, Coindesk has this to say regarding the value of Ripple:

XRP is known as a Real Time Gross Settlement System which is a ‘currency exchange and remittance network’ that independent servers validate. The currency traded is known as XRP and transfer times are immediate. XRP can be exchanged for most other currencies with its unique selling proposition being the avoidance of fees and wait times often associated with banks. It isn’t made up of a blockchain but rather a Hash Tree and its currency can’t be mined because there are a finite number of coins – 100 billion. XRP is popular with banks and institutions though the XRP token isn’t necessarily required for each transaction.

The cryptocurrency exchange Kraken has this to add regarding factors that apply to the Ripple price (and where it might be headed):

Ripple (XRP) is a decentralized cryptocurrency native to the RippleNet payment platform. RippleNet was created in 2012 to offer banks and financial institutions a real-time gross settlement system, allowing secure, instant financial transactions that can span the globe. The Ripple token was created within RippleNet as a means of providing liquidity in real time. XRP can also process transactions exceedingly quickly, handling about 1,500 transactions per second compared to BTC’s 15 per second.

There are many factors that affect the Ripple price today. Coinmarketcap‘s view is:

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.

While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

In order to make an informed decision, investors like to consider all the data. Here is the view of the XRP price according to coingecko:

Ripple is a privately-held fintech company that provides a global payment solution via its patented payment network called Ripple Network (also known as RippleNet). RippleNet is a payment network that is built on top of Ripple’s consensus ledger, called XRP Ledger (also known as XRPL). Ripple funded the development of the open-source XRP Ledger.

Unlike most cryptocurrencies out there that cater to peer-to-peer needs, Ripple was made to connect banks, payment providers and digital asset exchanges, enabling real-time settlement expeditions and lower transaction fees.

Coinrivet provides some interesting analysis about the current price movements of XRP:

Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money.Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation.

Another viewpoint regarding the XRP price today is supplied by worldcoinindex:

Ripple is a digital payment or a remittance network created in order to establish an instant transfer of funds across the globe. Ripple operates on an open-source peer-to-peer decentralized platform that records all the transactions in the network. The native cryptocurrency of the Ripple network is also called as Ripple and abbreviated by XRP.

Ripple was co-founded by Jed McCaleb and Chris Larsen and was released in 2012. Ripple facilitates the seamless transfer of money by connecting banks, payment providers, corporates and digital asset exchanges through the RippleNet. The Ripple XRP tokens provide banks and other financial institutions an on-demand solution to sources liquidity for instant global transfers.

The Ripple (XRP) Prices in Other Major Currencies

Although most trading between a national currency and XRP is done between the U.S. Dollar and Ripple, we recognize that XRP is a global crypto and therefore want to provide the current price of Ripple in other currencies besides the USD.

Below you will find charts of the current price of XRP in the Euro (EUR), the Chinese Yuan (CNY), the Japanese Yen (JPY), the Australian Dollar (AUD), the Canadian Dollar (CAD), the Swiss Franc (CHF), the English Pound (GBP), the Indian Rupee (INR), the South Korean Won (KRW), Mexican Peso (MXN), the Philippine Peso (PHP), the Russian Ruble (RUB), the Turkish Lira (TRY), and the South African Rand (ZAR).

The Current Ripple Price In EUR

The Current Price of Ripple In CNY

The Live Ripple Price in JPY

The Live Price of Ripple In AUD

The Current Ripple Price In CAD

Current Price of Ripple In CHF

Ripple Price in GBP

Ripple Price in INR

Live Price of Ripple in KRW

Current Ripple Price in MXN

Live Ripple Price in PHP

Current Price of Ripple in RUB

Current Price of Ripple in TRY

Ripple Price in ZAR

The Ripple Price Today

For those not familiar with the difference in terms between “Ripple” and “XRP”, the concept may be a bit hazy. XRP is a digital asset/cryptocurrency while Ripple refers to the company that created the Ripple Consensus Ledger and XRP.

As the idea suggests, the price of ripple is tied to the changes in the number of units of the underlying asset being traded. Thus, more unit demand means higher prices. On the other hand, fewer unit demand will cause lower prices.

To avoid confusion, the financial system is called the Ripple Consensus Ledger , and the coin created by Ripple the company is known as XRP. The value of each unit of ripple is tied to the amount of transaction fees that must be paid in order for that particular asset to be traded.

What are the factors that affect the price of the ripple?

Price fluctuations depend on a variety of factors including the number of investors, average transaction fees, average trading times, market liquidity, where we are on the adoption curve, the minimum payout and the number of pairs traded. These factors are all analyzed by crypto traders and investors in order to determine the most appropriate pricing model. This information is then passed along to the developers of the software. From here, an accurate database is generated and the model is used to generate a predicted price of XRP.

As mentioned above, by anticipating what are the factors that will affect the price of ripple in the future, the developers can make their algorithm more accurate. This will ultimately lead to better predictions regarding what are the currencies that will surge and how they will do so. Cryptocurrencies, in general, are somewhat unpredictable due to their relatively short lifespan as compared to the stock market.

The best place to look for XRP price predictions is on this page where we provide the real time price quotes for XRP in 15 of the world’s most used national currencies. This is the premier publication covering the worldwide trends in XRP value. Trends can be seen from a variety of places, but we aim to be the most comprehensive and up-to-date. It is also where you will find the best ripple forecasts. A variety of publications provides statistics on a range of currencies but we strive specifically to provide the most current, most accurate information available.

What about other cryptocurrencies? In this website, we look at other potential coins and tokens that could become wildly successful – and valuable! – in the future. If you have an interest in learning more about future cryptocurrency investing opportunities, it might be worth your while to investigate the possibilities of investing in not just XRP. Other coins and tokens can provide a very attractive investment opportunity for people who want to start building a portfolio of low priced cryptocurrencies with extremely high potential.

When investors are ready to dive in, they will likely look to Cryptocurrency regulations to determine which coins are fit for their portfolio. In the future, we will discover what the answer to the question of “what is the price of ripple”, as the countries of the world adopt it for use in every day economic and financial transactions. Only time will tell. For now, remember to consider all of the benefits that you can gain from an investment in XRP.

References:

  1. Ripple: The Ultimate Guide to the World of Ripple XRP, Ripple Investing, Ripple Coin, Ripple Cryptocurrency, Cryptocurrency. ACM digital library
  2. Understanding and regulating twenty-first century payment systems: The ripple case study. umich.edu
  3. Just HODL? On the moral claims of bitcoin and ripple users. Humanistic Management Journal
  4. Mind your credit: Assessing the health of the ripple credit network. ACM digital library
  5. Fractal dynamics and wavelet analysis: Deep volatility and return properties of Bitcoin, Ethereum and Ripple. The Quarterly Review of Economics and Finance
  6. [PDF] An Overview of Ripple Technology & its Comparison with Bitcoin Technology. academia.edu