Cryptocurrency
What has been the price evolution of Ripple over the years?
XRP is an extremely unstable crypto-asset that is susceptible to heavy market disruptions.
According to data generated from a historical analysis of its evolution, the price of XRP can fluctuate during long periods of stagnation where it moves weakly, both on the rise and on the decline. However, it also experiences phases of sudden fluctuation during which its value can increase by 1000% in just a few days!
But it can also suffer a decrease of 90% in price in just a few months.
Ripple is an American company that was established in 2012 and was previously known as Opencoin. However, this name was replaced in 2015 by Ripple. The company developed the Ripple Transaction Protocol, which allows financial institutions like banks to conduct international exchanges in extremely short time frames.
In the current payment model, there are many intermediaries involved. Fund transfer operations between two banks require considerable time and significant expenses. If you are looking to transfer money to someone who is outside your area of residence, be aware that the funds are likely to pass through the hands of several banks before being deposited to that person. Therefore, Ripple was designed to address such situations.
When two banks use the Ripple protocol together, it takes only a few seconds to process a fund transfer internationally as well as domestically.
You can use various online services. The site CoinMarketCap, for example, offers the creation of a portfolio where you can add transactions as you make them. By entering your purchase values, you can get a clear view of your gains or losses on the currencies you acquire.
Note that this type of tool is purely for visualization. You need to be proactive in your approach. The famous crypto trainer Anthony Gonnet explains, for example, the routines to implement. These allow you to:
The Ripple company has been active for many years, just like its token XRP. To determine the price of XRP, we will examine the most significant dates in the career of this electronic currency, from its beginnings to today.
The price of Ripple is subject to various elements daily. It is complex to determine with certainty the future of its development. Below we present the most important of these factors:
According to data generated from a historical analysis of its evolution, the price of XRP can fluctuate during long periods of stagnation where it moves weakly, both on the rise and on the decline. However, it also experiences phases of sudden fluctuation during which its value can increase by 1000% in just a few days!
But it can also suffer a decrease of 90% in price in just a few months.
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Ripple: what is it?
Ripple is an American company that was established in 2012 and was previously known as Opencoin. However, this name was replaced in 2015 by Ripple. The company developed the Ripple Transaction Protocol, which allows financial institutions like banks to conduct international exchanges in extremely short time frames.
In the current payment model, there are many intermediaries involved. Fund transfer operations between two banks require considerable time and significant expenses. If you are looking to transfer money to someone who is outside your area of residence, be aware that the funds are likely to pass through the hands of several banks before being deposited to that person. Therefore, Ripple was designed to address such situations.
When two banks use the Ripple protocol together, it takes only a few seconds to process a fund transfer internationally as well as domestically.
How to stay informed about price changes and trends
You can use various online services. The site CoinMarketCap, for example, offers the creation of a portfolio where you can add transactions as you make them. By entering your purchase values, you can get a clear view of your gains or losses on the currencies you acquire.
Note that this type of tool is purely for visualization. You need to be proactive in your approach. The famous crypto trainer Anthony Gonnet explains, for example, the routines to implement. These allow you to:
- detection of future releases;
- track the news of projects and thus follow the evolution of their prices;
- see what traders do not see…;
- etc.
Price evolution of Ripple
The Ripple company has been active for many years, just like its token XRP. To determine the price of XRP, we will examine the most significant dates in the career of this electronic currency, from its beginnings to today.
- Ripple Price 2012: around 2012, XRP is listed on cryptocurrency exchange platforms. The price of XRP was initially set at $0.1.
- Ripple Price 2013: one XRP is worth $0.014, representing a new peak since its creation.
- Ripple Price 2014: from 2014, its price is at a low level and fluctuates for many months around $0.005, before rising to $0.30.
- Ripple Price 2017: thus, XRP saw little evolution during the spring of 2017. However, in April and May 2017, the value really gains momentum to reach $0.40, only to stagnate again around $0.20.
- Ripple Price December 2017: in December 2017, Ripple records one of the most spectacular and rapid increases in its history. On December 8, its price jumps from $0.20 to an unprecedented peak of $3.65.
- Ripple Price 2018: indeed, the year 2018 was mainly affected by a market crash, during which XRP suffered a decrease in value before returning to an estimate of 0.25%.
- Ripple Price May 2020: the price of Ripple recovered during the Covid-19 crisis. One XRP is equivalent to $0.22.
- Ripple Price 2021: the value of the cryptocurrency XRP crossed the $0.40 per coin mark in January 2021, which is double the value recorded in December. For reference, Coinbase suspended Ripple’s XRP since January 2021, following troubles with the Securities and Exchange Commission (SEC).
Who are the actors likely to influence the price of XRP?
The price of Ripple is subject to various elements daily. It is complex to determine with certainty the future of its development. Below we present the most important of these factors:
- Public and media opinion about Ripple: favorable media coverage concerning Ripple helps to attract more investors, and the price of XRP can then rise.
- Tax regulations applied by certain countries: tax regulation conditions the value of Ripple as well as that of other cryptocurrencies. For example, the value of XRP saw a sharp increase when China suspended the trading platforms of certain cryptocurrencies in 2017.
- Political news: political protests are likely to influence the price of the XRP symbol.
- The power of a few shareholders: several investors largely control the Ripple market by holding almost all the Ripple shares in circulation, which can lead to an increase or decrease in the price of XRP.
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