Ripple Price Today - XRP Live Charts
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MarketCap$ 149,058,575,915
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Volume$ 1,987,337,663
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Change-0.17%
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Overview: What is Ripple (XRP)?
What is Ripple coin? XRP is the native token of Ripple, a money transfer network founded in 2004. The XRP Ledger was launched a few years later, in 2012.
Both the network and the Ripple coin were designed to make money transfers for banks more affordable and faster than other methods. Ripple was not just an excellent tool for financial institutions but also created to free people from credit cards and banks.
Today, XRP remains one of the most preferred payment cryptocurrencies, and it consistently keeps its place among the ten best cryptocurrencies by market capitalization.
How is the Price of Ripple (XRP) Determined?
Like most other cryptocurrencies, the Ripple coin price today is driven by market supply and demand. The current Ripple coin price chart is determined by buyers and sellers on exchanges and the order book matching process that balances asking (selling) orders and bids (buying) orders.
As trading happens, the Ripple price is constantly changing. To stay on top of these updates, traders can look for trusted cryptocurrency platforms that show the Ripple coin price live. For a more detailed analysis of Ripple, the World Coin Index is a great place to visit for in-depth analytics focused on performance.
The significant factors that influence the demand for XRP are:
- As Bitcoin strengthens or weakens, so do other cryptocurrencies, including XRP.
- Positive news about XRP can boost the price, but adverse reports can reduce Ripple’s value.
- Custody and listing updates can also affect prices depending on whether they are favorable events.
- An increase or decrease in XRP whale activity (in crypto, whales are individual investors with so much crypto that their transactions alone can influence the market).
- The number of over-the-counter (OTC) institutional sales of XRP; significant sales might not affect the token’s value, but they can instill confidence in the cryptocurrency’s network.
Where Can You Buy Ripple (XRP)?
Learning where and how to buy Ripple coins is easy. Ripple (XRP) is widely available and can be purchased from most crypto exchanges and brokers. After choosing an exchange or a broker, pick a payment method to fund your account. Most exchanges allow users to add funds from credit cards, bank accounts, or crypto wallets. Purchase your XRP and transfer the tokens to a secure wallet.
FAQs
Is Ripple worth buying?
According to experts, Ripple might be risky for inexperienced investors due to the cryptocurrency’s high volatility and how difficult it is to predict how it might behave in the future.
Does Ripple have a good future?
Ripple is predicted to grow in the next few years. Still, knowing how this cryptocurrency will perform in the long run is impossible. This might not make Ripple the best choice for investors who appreciate more security.
Why is Ripple banned in the USA?
In 2020, the Securities and Exchange Commission (SEC) filed a complaint against Ripple Labs. It accused them of earning over $1.3 billion via an unregistered digital asset security offering. After the news broke, most major U.S. crypto exchanges delisted XRP.
Why is Ripple illegal?
In December 2020, the SEC stated that Ripple sold XRP tokens worth $1.38 billion without filing the proper registrations required under securities laws. The matter moved to court, and in 2023, a judge ruled that XRP is only an unregistered security when the currency is sold to institutional buyers but not when bought by anyone else. After the ruling, a few (but not all) big U.S. crypto exchanges relisted XRP.
Author : Marcel Deer
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