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 / Google News Bitcoin - 4 months ago
Ripple CTO Explains Main Difference Between XRP and Bitcoin, Shiba Inu Reaches Reset Point, Brazil Approves First XRP ETF: Crypto News Digest by U.Today& & U.Today
Bitcoin News / Bitcoinist - 4 months ago
Ripple and Brazilian financial heavyweight Braza Group have announced the launch of a new stablecoin on the XRP Ledger (XRPL). The stablecoin, called BBRL, is pegged to the Brazilian Real and is designed to offer secure, cost-effective solutions for...
Bitcoin News / Bitcoinist - 4 months ago
On-chain data shows the XRP whales have participated in a large amount of net buying recently, a sign that could be bullish for the asset’s price.
XRP Whales Have Gone On An Accumulation Spree Over Last 48 Hours
As explained by analyst Ali Mart...
Bitcoin News / Bitcoin.com - 4 months ago
XRP trades at $2.69 on Feb. 20, 2025, as bullish momentum contends with critical resistance levels amid mixed technical signals. XRP The 1-hour chart shows XRP stabilizing between $2.65 and $2.75, forming higher lows within a tentative ascending tren...
Cryptocoins News / CryptoNinjas - 4 months ago
Key Takeaways:
Brazil approves the first XRP spot ETF in the world, an important achievement for the cryptocurrency.
XRP Ledger: Brazilian Bank to Issue Brazilian Real-Pegged Stablecoin
These developments underscore Brazil’s ascendance as a cr...
Cryptocoins News / Finance Magnates - 4 months ago
XRP has
surged nearly 7%, making it the strongest-performing cryptocurrency over the
past 24 hours. This rally is driven by news of ongoing work on the world’s
first spot XRP ETF, set to debut soon in Brazil.Let’s take
a closer look at why XRP’s pric...
Bitcoin News / Bitcoin.com - 4 months ago
XRP has traded between $2.58 and $2.61 over the last hour and within a tight 24-hour range of $2.48 to $2.64. The digital asset boasts a market cap of $150 billion and a 24-hour trade volume of $4.44 billion, highlighting significant activity in a na...
Cryptocoins News / Finance Magnates - 4 months ago
Market turbulence hits Solana and XRP as scandals and regulatory
uncertainties shake investor confidence.Solana's Descent: Political Scandals and Memecoin MayhemSolana (SOL) has had a rough start to 2025, plunging more than 40% in
just a month. The p...
Bitcoin News / Bitcoinist - 4 months ago
The XRP lawsuit between the US Securities and Exchange Commission (SEC) and Ripple appears to be nearing a resolution, with former SEC official John Reed Stark suggesting that the case will be dropped under “highly favorable terms”. Stark...
Bitcoin News / Bitcoin.com - 4 months ago
XRP’s price action on Feb. 18, 2025, reflects short-term bearish pressure amid critical support tests. Technical indicators signal cautious optimism for a rebound if key levels hold. XRP The 1-hour chart reveals a clear downtrend, marked by lo...