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 - 5 days ago
The long-standing and controversial question of whether Ripple payments could one day replace the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is gaining renewed attention in the crypto market. A prominent XRP analyst has highl...
Bitcoin News / Google News Bitcoin - 6 days ago
Crypto Today: Bitcoin, Ethereum, XRP recovery stalls, as BTC spot ETF inflows approach $50 billion& & FXStreet
Cryptocoins News / CoinJournal - 6 days ago
Whale addresses offload 600 million XRP in one day.
Long-term holder activity hits 7-month high.
Resistance at $2.27 remains key barrier for next move.
XRP has climbed from $1.94 to $2.24 in recent sessions, a 15% gain that marks a short-term recov...
Bitcoin News / Bitcoinist - 6 days ago
XRP remains one of the most actively discussed cryptocurrencies on social media, with expectations that its price has yet to plateau. Things like the Ripple battle with the Securities and Exchange Commission (SEC) coming to an end and Bitcoin expecte...
Bitcoin News / Google News Bitcoin - 6 days ago
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC nears all-time high, ETH and XRP break key resistances& & FXStreet
Bitcoin News / Bitcoinist - 6 days ago
XRP’s recent rally to $2.30 has been followed by a cooling-off period, with the price falling back to $2.18 after slipping below the short-lived $2.25 support. Although this pullback might raise concern, it comes on the back of a week-long steady inc...
Bitcoin News / Google News Bitcoin - 6 days ago
XRP Price News: Crypto Veteran Compares $2 XRP Buy to $50 Bitcoin—Could XRP Repeat BTC's Ascent?& & Brave New Coin
Cryptocoins News / The Cointelegraph - 6 days ago
XRP could rally to $2.65 as a bullish trading pattern, and investors’ excitement over Ripple Labs’ US banking license application boosts interest...
Bitcoin News / Bitcoinist - 1 week ago
REX-Osprey’s Solana ETF launched on July 2, with SOL now the third crypto asset to have a spot ETF in the US after Bitcoin and Ethereum. Bloomberg analysts Eric Balchunas and James Seyffart have now suggested that an XRP ETF could be the next to laun...
Bitcoin News / Bitcoinist - 1 week ago
The US Securities and Exchange Commission has abruptly halted the conversion of Grayscale Investments’ Digital Large Cap Fund (GDLC), which contains XRP, Solana and Cardano besides BTC and ETH, into an exchange-traded fund, less than twenty-four hour...
Cryptocoins News / The Cointelegraph - 1 week ago
XRP’s price breaks out of a “pennant” with a profit target of around $3.20 amid increasing futures open interest. Key takeaway...
Bitcoin News / Bitcoin.com - 1 week ago
Webus is activating $100 million in XRP-driven funding to scale its XRP treasury strategy, expand crypto payments, and accelerate global growth across mobility and loyalty sectors. Webus to Supercharge XRP-Powered Financial Strategy A strategic leap...
Bitcoin News / Bitcoinist - 1 week ago
Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $2.40 soon. He made this prediction based on the altcoin’s breakout above a descending channel and revealed what needs to happen next for it to reach this $2.40 ta...
Bitcoin News / Bitcoin.com - 1 week ago
Ripple slams brakes on speculation as it confirms no ties to Linqto’s collapsed resale scheme, asserts XRP is unaffected, and highlights strong private share performance. Ripple CEO Responds to Linqto Fallout, Emphasizes XRP Not Part of Share Issue I...
Bitcoin News / Google News Bitcoin - 1 week ago
Bitcoin, Ethereum, Solana, XRP Or Dogecoin: If You Invested $1,000 In These Cryptos When 2025 Began, Here is How Much You'd Have Today Now That Half The Year Is Over& & Yahoo Finance
Bitcoin News / Bitcoinist - 1 week ago
The XRP community has been making calls for a 1,000% surge in the XRP price. This comes following Ripple CEO Brad Garlinghouse’s symbolic reiteration of his support for XRP, which provides a bullish outlook for the altcoin.
XRP Price Gets Boost As R...