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Ripple (XRP) Review (9.5/10⭐)

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Ripple is a digital asset designed to serve the requirements of the financial services industry by acting as a digital payment system and a cryptocurrency. It is a real-time gross settlement network that consists of currency exchange, money transfer and remittance system. As crypto, the currency traded is called XRP. The ripple network operates on an exclusively distributed consensus mechanism to certify transactions; participating nodes validate the legitimacy of an operation by conducting a poll.
XRP/USD (-1.97%)
$2.23
December 20, 2024, 8:32 pm [UTC]

9.5 rating

Visitor Consensus on Ripple Today
Positive: 53.13%Negative: 46.87%
What's your view on Ripple today?
 
›› Buy/Sell Ripple here

 

Ripple is among the most valuable cryptocurrencies. The digital currency, XRP, acts as a medium to other currencies and does not discriminate any fiats, making it easier to exchange. Ripple has a significant potential for growth, and that’s why XRP is one of the top cryptocurrencies to buy now.

 

A Bit About Ripple

Ripple is a blockchain-based digital money transfer system that uses a consensus mechanism through a group of bank-owned servers to validate transactions. The mechanism enables XRP to remain decentralised, fast and reliable. Ripple does not operate on blockchain mining hence it consumes less energy than its competitors. Banks use XRP, and its tokens are tradable in public exchanges. However, to use XRP as a utility token, it must disappear from the general market to drop its actual price.XRP stands out for being cheaper and faster; its transactions occur at a low cost and are confirmed within seconds.

Easily Move Money to All Corners of the World.CryptoLists.com
 

Currently, the XRP price is USD 0.620659 with a 24-hour trading volume of USD 1,275,924,264, as it climbed by 5.36%. The current CoinMarketCap ranking is number 8, with a market cap of $29,628,343,810 USD. It has a circulating supply of 47,736,918,345 XRP coins and a maximum supply of 100,000,000,000 XRP coins.

 

Utility of Ripple?

XRP is mainly used for payment settlement.

Ripple Price details

BSC Contract address: 0x1d2f0da169ceb9fc7b3144628db156f3f6c60dbe
›› Details & Tokenomics
Very speculative and theoretical potential data
Last updated: December 20, 2024, 8:32 pm
›› XRP tokenomics and social media
 

Advantages of Ripple

+ Low transaction costs.
+ Proof of stake.
+ A green alternative in the crypto world.
+ Ripple is very reliable.
 

Disadvantages

- Ripple has an ample pre-mined XRP supply.
- Ripple is somehow centralised considering its list of validators.
- SEC filed a lawsuit against Ripple
- The cryptocurrency is highly volatile.
 

Costs

▪ Rated at 10/10

Transaction costs are usually very low and start from 0.00001 XRP per transaction.

 

Reputation and Buzz

▪ Reputation rated at 9.5/10
▪ Buzz rated at 9.5/10

Ripple Labs Inc is a US-based technology firm that develops the Ripple payment protocol and exchange network. Ripple is famous for its ambitious objectives in which it is making progress. However, many people in the crypto community do not view XRP as a cryptocurrency since it is not decentralised. The RippleNet payment network comprises over 300 financial institutions spread over 40 countries. Also, it has partnered with over 11,000 financial institutions across over 200 countries. It is important to note that the financial institutions partnered with RippleNet and not XRP.

 

FAQ

How many XRPs are there in circulation?

Currently, XRP has 47,736, 918,345 tokens in circulation.

How do you store your XRP?

You can store your XRP on an exchange or in the cold or hot wallet.

›› Trade Ripple here›› Buy/Sell Ripple here

Screenshots from Ripple

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More sites where to buy/sell/trade Ripple

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this coin. Click on the logo to read our review.
XRP, XRP/USD, XRP/EUR, XRP/GBP, XRP/NZD, XRP/CAD, XRP/JPY, XRP/CHF, XRP/ZAR, XRP/HKD, XRP/SGD, XRP/NOK, XRP/SEK
›› Buy Ripple at eToro
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
XRP, XRP/USD
›› Buy Ripple at AvaTrade
Never speculate with money which you can not afford to loose. Cryptocurrencies exhibit significant volatility and remain largely unregulated within numerous European Union nations. They are not covered by European Union protections and do not fall under the purview of the EU's regulatory framework. Please be aware that investments in this sector are prone to market risks, which may include the total loss of the invested principal.
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›› Buy Ripple at CEX
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
XRP/BTC, XRP/HT, XRP/HUSD, XRP/USDC
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Ripple details and tokenomics

Ripple Ticker: XRP
BSC Contract address: 0x1d2f0da169ceb9fc7b3144628db156f3f6c60dbe
Type of crypto: native-coin
Launch/ICO Date: August 8, 2013
Resources & Social media
Website: https://xrpl.org
 

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Since you are interested in Ripple, you may also want to check out the coin(s) or token(s) below?
Ripple Newsflash
    Utility as primary adoption driver for 2023 say RippleUtility as primary adoption driver for 2023 say Ripple
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    Crypto blockchain giants Ripple network say that flourishing utility will likely be the main driver of adoption over the next twelve months. From banks and other major financial institutions investing in the tech, alongside CBDCs, and NFTs centered on things like carbon emissions. In a nutshell, applying crypto and blockchain to real world solutions. ...
    Read the full newsflash
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    XRP rally in motion as Ripple hope against SEC buildsXRP rally in motion as Ripple hope against SEC builds
    Tuesday, 3 Jan 2023 8:15 am
    The Ripple network has been engaged in a battle against the SEC in the United States for quite some time, however, hope seems to be on the horizon for many. As a result, the native coin XRP has been rallying...
    Read the full newsflash
    XRP RIPPLE


    No hardware wallet yet? 10% off at LedgerNo hardware wallet yet? 10% off at Ledger
    Friday, 25 Nov 2022 2:02 am
    If you use this reference and write the promo code BLACKFRIDAY10, you will get 10% off all purchases from Ledger. Like Ledger supporters usually say. "Not your keys, not your crypto". Have you still not got a Ledger? It's the most used hardware wallet and costs just 71.1 EUR for Nano S Plus or 134.1 EUR for Nano X. Grab a fantastic 10% discount now - for any...
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    XRP Ledger Network Reach 75 Million BlocksXRP Ledger Network Reach 75 Million Blocks
    Monday, 17 Oct 2022 10:57 am
    The highly scalable XRPL network, which the Ripple coin is based on, is reaching a milestone; over 75 000 blocks. XRP Ledger is highly popular and ranking on the top 7 list of the best blockchains on CryptoLists.com, out of 63. Over 4.3 million accounts own XRP to date...
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    XRPL XRP

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Historical returns are no guarantee of future returns. All trading in financial instruments involves risk, including currency trading with crypto currencies or CFDs. Financial instruments can both rise and fall in value and it is not certain that you will get back invested capital.
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