Ripple (XRP) Cryptocurrency Prices, Charts & Market Cap

Ripple (XRP) Cryptocurrency Prices, Charts & Market Cap

Rank 12
Ripple (XRP)
XRP
Just now
$ 0.4768 (-7.61%)
Mkt. Cap.
$ 47.68 B
Vol. 24H
XRP 124.93 M ($ 61.94 M)
Open 24h
$ 0.5161
Low/High 24h
$ 0.4645 - $ 0.5231
Last trade
XRP 802.929 ( $ 384.362) / Bitfinex
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Ripple (XRP)
0.4768 USD (-7.61%)
Rank

12
MARKET CAP

$ 47.68 B
VOLUME (24H)

$ 61.94 M

Historical data for Ripple (XRP)

Currency in USD
Open/Close in

From: To:

DateOpenHighLowCloseVolume
2018-10-200.4570.4690.4530.46515,280,968.970
2018-10-210.4650.4710.4600.46114,324,747.470
2018-10-220.4610.4640.4520.45814,791,087.130
2018-10-230.4580.4810.4400.46645,230,749.040
2018-10-240.4660.4740.4580.46123,343,148.970
2018-10-250.4610.4690.4550.46025,873,328.030
2018-10-260.4600.4670.4550.46420,725,079.480
2018-10-270.4640.4640.4550.45915,168,156.850
2018-10-280.4590.4650.4560.46213,808,045.240
2018-10-290.4620.4630.4330.44336,374,055.130
2018-10-300.4430.4510.4410.44617,988,564.720
2018-10-310.4460.4590.4370.45224,713,299.850
2018-11-010.4520.4600.4480.45916,478,739.020
2018-11-020.4590.4650.4560.45930,402,646.750
2018-11-030.4590.4610.4540.4569,526,240.410
2018-11-040.4560.4770.4490.46930,237,183.850
2018-11-050.4690.5030.4620.49950,247,367.370
2018-11-060.4990.5670.4990.553119,795,165.850
2018-11-070.5530.5540.5260.53843,609,109.670
2018-11-080.5380.5430.4920.49460,576,254.100
2018-11-090.4940.5190.4940.50236,322,302.770
2018-11-100.5020.5130.5010.50615,532,114.330
2018-11-110.5060.5090.4960.50713,913,309.060
2018-11-120.5070.5310.5020.52137,083,248.270
2018-11-130.5210.5290.5070.51237,877,381.870
2018-11-140.5120.5140.4110.475108,469,800.250
2018-11-150.4750.4890.4270.48486,679,038.990
2018-11-160.4840.4900.4620.47438,884,656.700
2018-11-170.4740.5000.4670.49431,460,517.680
2018-11-180.4940.5270.4920.51350,411,769.960
2018-11-190.5130.5130.4650.47432,977,492.790

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Ripple (XRP) Description

Ripple positions itself as a complement to, rather than a competitor with, Bitcoin - the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. Ripples aren't mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There are 100 billion XRP at present.

Ripple (XRP) Features

  • Math-Based Currency
    A math-based currency, also referred to as a cryptocurrency, is a digital asset with verifiable mathematical properties, similar to how we can reliably verify gold as a substance made of atoms with 79 protons. Math-based currencies exist as digital assets in their own right and can be transferred directly between users (as fiat cash can be) without relying on a centralized protocol operator. XRP exists as a math-based currency on the Ripple protocol.
  • Abuse Protection
    The primary function of XRP is to protect the Ripple protocol against denial-of-service (DoS) spam attacks. Since the Ripple protocol is based around a shared ledger of accounts, a malicious attacker could create large amounts of “ledger spam” (such as fake accounts) and “transaction spam” (such as fake transactions) in an attempt to overload the protocol. This could cause the size of the ledger to become unmanageable and interfere with the protocol’s ability to quickly settle legitimate transactions.
  • Bridge Currency
    XRP has great value as a bridge currency. Because each gateway’s balances trade as distinct assets within Ripple, the number of potential currency pairings can become quite large. Instead of quoting every possible currency/gateway combination, XRP can serve as a useful bridge currency to enable these transfers. This is possible because if every currency is liquid to XRP, then every currency is liquid to every other currency:

Ripple (XRP) Technology

The Ledger and Consensus
The Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol.

The World’s First Distributed Exchange
No one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature.

 

 

 

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