How to Buy XRP (XRP)Price of XRP (24h)$0.46063963-1.58%Buy XRP (XRP)
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How Much is Ripple XRP Worth?
Ripple’s XRP remains among the top 10 digital assets by market cap, although its price has experienced significant volatility over the past few years. From an all-time low of $0.002802 touched in July 2014, the XRP price has soared to a record high of $3.84 in January 2018 during one of the initial bull runs in the crypto market.
However, the lawsuit filed by the SEC against Ripple in late 2020 saw XRP fail to make many gains during the mass adoption of other cryptocurrencies among investors worldwide through 2020 and 2021. On the other hand, most of its peers as well as several new entrants into the market registered massive gains during the period, causing XRP market cap and price to slide lower in the rankings.
There is widespread belief among XRP holders and the wider crypto community that Ripple’s token could see its price take off once the lawsuit concludes. A victory would give a decisive boost to investor confidence and send the Ripple price and market cap surging.
On the other hand, if the lawsuit goes against Ripple, the company could face some fines which could weaken the XRP price momentarily. However, given Ripple’s widespread adoption among mainstream businesses, it is unlikely that XRP will suffer too much of a loss, bouncing back once the shock wears off.
Is Ripple XRP a Good Investment?
One of the strongest testaments to Ripple’s XRP is its ability to remain within the top 10 cryptos’ list despite its legal hurdles in the US. Even though its price was unable to rally through 2021 when most cryptocurrencies, including Bitcoin, hit new ATHs, there was not much of a crash in the XRP price through the course of the lawsuit either.
The XRP cryptocurrency remains a formidable crypto asset even in the face of legal troubles mainly on account of the rising adoption of the Ripple network among financial institutions around the world. Ripple has spread into the emerging markets, Middle East, Asia and Africa, enabling faster and cheaper cross-border transactions for banks and payment providers in these regions.
Unlike several new cryptocurrencies, the XRP token already enjoys considerable use by mainstream players, a key advantage that sets it apart. In addition, Ripple has committed to developing the XRP Ledger further, giving it capabilities to support NFTs and other versatile applications on its blockchain. Such a move could potentially make Ripple’s token an even more attractive digital asset to add to investors’ portfolios.
How to Use XRP Token
Given below are the most popular use cases for the XRP cryptocurrency:
Transfer Payments Digitally
The open-source digital asset is used to send and receive payments digitally in a low-cost, high-speed manner worldwide. Individuals, banks, and financial institutions that use the XRP Ledger to transfer payments utilize the XRP cryptocurrency as a bridge between the two currencies in which payment is sent and received.
Crypto Asset to Trade and HODL
Trade XRP against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell $XRP against other digital assets or hold it long-term if you believe in the future potential of Ripple and XRP Ledger. Review the XRP live price, market cap, circulating supply, 24-hour trading volume, and the latest crypto news before trading XRP in the crypto market.
Earn Passive Income on KuCoin
You can also generate passive income and grow your crypto holdings by investing in XRP via KuCoin. Head to KuCoin Crypto Lending to lend liquidity in XRP to our platform and earn attractive daily interest over seven days, 14 days, or 28 days.
What is the Difference Between Ripple and XRP?
Although many investors use the terms interchangeably, there is a vast difference between Ripple and XRP. Ripple is a shorter representation of Ripple Labs Inc., the company that has developed the Ripple payment protocol using the XRP Ledger - its own blockchain network.
XRP is the native digital asset used to conduct transactions on this network. It is also a cryptocurrency that can be traded on exchanges or held as a store of value by investors.
Ripple, the company, uses XRP as a bridging currency within its payment protocol. Users wishing to conduct transactions over RippleNet can send cross-border payments, convert one fiat currency into another, using the decentralized system built of XRP Ledger. This system utilizes the XRP tokens as the method of facilitating the transaction.
Can I Mine Ripple XRP?
Ripple does not use a proof of work consensus mechanism like Bitcoin, as a result of which its token XRP cannot be mined like BTC. At the time of launch, Ripple’s developers created a fixed total supply of 100 billion XRP coins.
Apart from the 20 billion XRP given to the company’s founders and the tokens that have already entered the market, Ripple controls the circulating supply of the remaining tokens. The company periodically releases XRP tokens from its supply (escrow account) to provide liquidity and maintain the XRP price.
However, if you wish to own the XRP coin, you can do so by buying the crypto from crypto exchanges and trading platforms. Ensure that you check the current price and perform some analysis of the Ripple token before making your trade.
XRP (XRP) Price Analysis
Live PriceThe live price of XRP is 0.45371 USD, representing an increase of 2.35% in the past 7 days and -1.58% decrease in the past 24 hours.
Historical TrendsThe all-time high of XRP was 3.84 USD on 01-03, 2018, from which the coin is now down -88.19%.
The all-time low of XRP was 0.0028 USD, from which the coin is now up 99.38%.