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Ripple
Ripple vs USD
3.1305 0.0299 (0.01%)
30 Jan 2025 23:45
Buy
3.1305
Sell
3.1293
97.02%
Traders' feedback
2.98%
Closing
3.0571
Maximum price
3.1327
One week high
3.2133
52-week high
3.3993
Opening
3.055
Minimum price
2.9671
One week low
2.6588
52-week low
0.3818
About
Overview
Technical
Instrument specification (#Ripple)
Insta.Standard
Insta.Eurica
Buy
3.1305
Sell
3.1293
Commission
0.1%
Leverage
1:5
Lot
10000 Ripple
Spread
12
Buy swap
-0.05% (0%*)
Sell swap
-0.05% (0%*)
Minimum trade size
0.01 Lot
Short position
Available
Trading time
Around the clock Mo - Su
XRP to USD (Ripple price US Dollar)

What is Ripple? The Ripple blockchain-based project and its own cryptocurrency, XRP, were launched in 2012. Ripple was created as an alternative to conventional interbank transfer systems such as SWIFT. Read more...

What is Ripple?

The Ripple blockchain-based project and its own cryptocurrency, XRP, were launched in 2012. Ripple was created as an alternative to conventional interbank transfer systems such as SWIFT. The main goal of the project is to ensure quick and secure global financial transactions.

How does Ripple work?

The main distinguishing feature of Ripple is that it does not use the blockchain mechanism in its original sense. The network is operating using the Ripple Protocol Consensus Algorithm (RPCA). The operating principle of this algorithm looks as follows: the majority of independent Ripple servers should reach a consensus by voting to validate the transaction and check the availability of funds on the sender’s account.

XRP tokens are designed to perform the main function of the network, that is, to facilitate cross-border payments. To carry out international money transfers, banks need to hold local currencies. XRP tokens are used as an intermediary means of payment in such transactions. First, a bank converts fiat currency into XRP. As soon as the receiving bank verifies the transaction (see above RPCA), it exchanges XRP for its major currency.

Unlike Bitcoin, Ripple does not require mining as all tokens were issued when the network was launched. Out of 100 billion XRP coins, 65% are stored in Ripple Labs while 35% are in free circulation.

How to trade Ripple?

Although Ripple is primarily used by financial institutions to facilitate fast and cost-efficient cross-border money transfers, everybody can invest in this cryptocurrency. You can gain access to XRP through specialized crypto exchanges as well as through forex brokers.

Why choose XRP:

  • It is one of the fastest cryptocurrencies in terms of transaction speed (4 seconds).
  • XPR is the 7th largest crypto by market cap.
  • No energy costs
  • Security: the Ripple transaction protocol allows users to identify parties involved in a transaction.

Find out more about the current price of Ripple (XRP) in the Analysis section on this page above.

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