XRP - Ripple Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
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Ripple (XRP)

XRP Price

$0.200501
-0.29%
Market Cap
$8.97B
2.94%
Volume
$413.51B
64.92%
Transp. Vol.
9%8.09%
Grade
B gradeB grade
Rank
#4
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Ripple Year-to-Date Performance

Today's Ripple price is $0.200501, which is down <1% since the beginning of the year. Ripple's market cap is $8.97B. Year to date XRP volume is $413.51B. It has a market cap rank of 4 with a circulating supply of 44,739,528,422 and max supply of 100,000,000,000. Ripple is traded on exchanges. Ripple had an all-time high of $2.7756 over 2 years ago. Since the beginning of the year, Ripple has had 9% transparent volume.

Market Cap
$8.97B
2.94%
Volume
$413.51B
64.92%
Transp. Vol.
$37.44B9%8.09%
Transparency GradeB gradeB grade(Good)
Circulating Supply44,739,528,422
Max Supply100,000,000,000
7D Price Prediction
N/A

Ripple Statistics

Price

$0.200501
Price Change
-$0.00058235 (-0.29%)

All-Time High

$2.7756
Date of ATH1/7/2018
Days Since ATH916
% of ATH7.22%
Price vs ATH

Market Cap

$8.97B
Mkt Cap Change
$255.79M$255,789,092 (2.94%)
Mkt Cap Rank4
Mkt Dominance0%
Mkt Dominance

Circulating Supply

44,739,528,422
Max Supply100,000,000,000
% in Circulation44.74%
% in Circulation

Volume

$413.51B$413,505,407,931
Vol. Change
$162.78B$162,779,764,837 (64.92%)
Exchange VolumeUnknown

Transparent Volume

9%
Transparent Volume (Δ)
8.09%
Transparent Volume
A - 9%
B - <1%
C - 65%
D - 22%
? - 4%

About Ripple

XRP is the native digital asset of the Ripple platform. Ripple aims to connect banks and payment providers to provide a frictionless experience for sending and receiving money globally. It was originally designed as a day-to-day payment system, to speed up and reduce the costs of transactions, and provide a mediatory currency for exchanges and conversions with minimum commission.

Software developer Ryan Fugger founded the original Ripple project in 2004. The core idea behind the protocol was a peer-to-peer trust network of financial relations that would replace banks. Based on the premise that money is simply a bank’s promise of value, he aimed to create a monetary system where the promise of an individual held just as much weight. His concept was launched in 2005 as RipplePay, a financial service allowing users to extend credit lines to friends and family and make secure payments in traditional and online currencies.

In 2012, Jed McCaleb, an American programmer and entrepreneur, along with Chris Larsen, an angel investor and startup executive, approached Ryan with a digital currency idea. Jed had been working on a digital currency system in which transactions were verified by consensus among members of the network. After discussions, Ryan handed over the reins to Jed and Chris, who co-founded the corporation OpenCoin, to develop the Ripple protocol (RTXP) and the Ripple payment and exchange network. The company later changed its name to Ripple Labs.

The Ripple platform is similar to Ethereum in that it has its a native currency (XRP) but is also open-source, allowing users to build their own assets and products on top of the existing platform. Ripple uses its proprietary patented technology, the ‘Ripple protocol consensus algorithm’ (RPCA), to verify transactions. It is argued that XRP is not technically a cryptocurrency because it is controlled by one company and transactions are processed by its network of approved validators.

Ripple released its XRP token in January 2013. Like traditional cryptocurrencies, it is based on a public chain of cryptographic signatures. The company initially set the supply of XRP at 100 billion of which 80 billion tokens were allocated to the company and 20 billion were given to the three founders. On June 13, 2016, Ripple obtained a virtual currency license from the New York State Department of Financial Services, making it the fourth company with a BitLicense.

XRP enhances Ripple’s software by acting as a bridge between traditional fiat currencies, providing liquidity and speeding up cross-border transactions; however, it is not essential to the network and doesn’t have to be used.

RippleNet is what Ripple calls the network of financial institutions using its products. There are three core segments: xCurrent for processing payments, xRapid to source liquidity, and xVia to connect to the network and send payments.

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Ripple Markets

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Ripple Historical Data

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Today's XRP / Ripple News for July 11, 2020

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