The amount of XRP transactions over the past 24 hours in euros. Only public exchanges are taken into account here
XRP Market Cap
The value of all XRP on the market combined. This number is calculated by multiplying the number of XRP in circulation with its current value.
The share of XRP in the cryptocurrency market compared to all other coins
24 hrs. Ago
The value of XRP 24 hours ago
24 hrs. High
The highest value of XRP over the past 24 hours
24 hrs. Low
The lowest value of XRP over the past 24 hours
24 hrs. Change
Here you can see how much the value of XRP has increased or decreased over the past 24 hours
The table below shows the 'Return On Investment' of bitcoin. The percentages indicate the return on an investment in XRP, measured from three different moments in time.
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XRP price history
History of Ripple
Ripple is an American company that was founded in 2012 under the name Opencoin. In 2015 that name was changed to Ripple. The company developed the Ripple Transaction Protocol which enables banks to carry out (international) transactions with great speed.
The current payment system has many intermediaries. Transferring money from one bank to another is time and money consuming. If you want to transfer money to a family member abroad it’s very likely that the money will be handled by multiple banks before your family member receives the funds. For these kinds of cases, ripple was developed.
When two banks are both using the Ripple protocol an international (or national) transaction will be just a matter of seconds.
Ripple (XRP) price history
A purchase of 100 dollars worth of XRP on January 1st 2017 would have shown a return on those same coins for 36,000 dollars just a year later! Some more facts on the XRP price:
- 2012: XRP is established and enters the market at 1 cent (USD).
- September 2013: one XRP is worth 0.014 dollars, the highest since its launch.
- January 1st, 2017: XRP is off to a turbulent start with a price of 0.006 dollars.
- April 2nd, 2017: the XRP market cap passes 1 billion dollars.
- December 2017: the price of XRP exceeds 1 dollar.
- January 4th, 2017: XRP breaks its all-time high and is worth 3.65 dollars.
- May 2018: Ashton Kutcher donates 4 million dollars worth of XRP to Ellen Degeneres’ wildlife fund.
- What about the current price point? Check out the current price at the top of this page.
Will the ripple price stabilise?
It’s hard to tell whether or not the ripple price will stabilise, especially since ripple is very different from other coins like bitcoin. Ripple can’t be earned by mining it. The Ripple Foundation issues a maximum of 1 billion XRP every month. Unused coins are retrieved from the market.
How does this work exactly? The Ripple network was developed to make international payments faster and cheaper. For example: Imagine you want to transfer funds to Brazil- that money will be debited from your own bank account, transferred to a different bank (and perhaps even more banks) until it reaches a local Brazilian bank. This process takes up a lot of money and time.
When banks use the Ripple network, your own bank could simply buy XRP and transfer them directly to the local Brazilian bank. This process is almost instant and costs a lot less. The more banks use the Ripple network, the more demand for XRP, and this consequently drives up the price.
Banks could also choose to send fiat using the Ripple protocol, they aren’t obligated to use XRP.
A lot of money is needed to reach a stable price. At press time, the entire cryptocurrency market is worth approximately 120 billion euros. XRP’s share in this is very little if you look at the graph at the top of this page. This means a relatively small amount of capital is able to make the price move.
If you compare the entire cryptomarket with the entire stock market, it looks similar to the image below. The green blocks represent the cryptocurrency market, the blue blocks represent the stock market.
What can you expect from the ripple price?
We are often asked about our expectations for the price, unfortunately we don’t know what the future will bring. We simply can’t give any advice about this matter.
Having said that, we do have an idea about external factors that can influence the price. News reports and the sentiment of the community largely influence the prices in the crypto world. It has happened repeatedly in the past that the price increases when Ripple announces a big new collaboration. Other than that, the price often moves along with bitcoin’s price and the rest of the crypto market.
Let today be your first day in the world of crypto. Get started with buying your first ripple (XRP) by clicking this button: