XRP – XRP

XRP Info
Today Price 0.445932$
ATH (ALL TIME HIGH) 3.4$
ATH Price Percentage Change To Now -86.911701814177%
ATH Date 2018-01-07T00:00:00.000Z
ATL (ALL TIME LOW) 0.00268621$
ATL Price Percentage Change To Now 16458.64%
ATL Date 2014-05-22T00:00:00.000Z
Market Cap 22252074504$
Total Volume 1561739371$
High 24h 0.463694$
Low 24h 0.439834$
Price Change Percentage in 7 Day -9.69759%
Price Change Percentage in 30 Day 34.56493%
Price Change Percentage in 60 Day 20.59379%
Price Change Percentage in 200 Day -43.86416%
Price Change Percentage in a Year -57.12584%

XRP is the Number 6 Cryptocurrency in the World.
The 0.445932 symbol is xrp and Market Cap is 22252074504 Dollars.
xrp ATH Was 3.4 at 2018-01-07T00:00:00.000Z and ATL was 0.00268621 at 2014-05-22T00:00:00.000Z.
In the last 24h, xrp high was 0.463694$ And the low was 0.439834$

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.

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