Ripple (XRP) Price Analysis
Ripple (XRP) is one of the top 10 altcoins in the crypto sphere. Ripple is one of the most promising cryptocurrency platforms that is specifically aimed to bring a revolutionary impact in the financial and banking industry. The underlying technology of Ripple involves a digital payment protocol, developed by Chris Larsen and Jed McCaleb in 2012. It is a decentralized platform for various money transfers including cross border payments. It accepts both fiat and digital currencies during exchanges.
Current status of XRP
XRP is currently getting traded at USD 0.311947 (UTC time 07:01). It is currently running on a bullish trend by 0.93%. With a market cap of $13,010,240,199 USD and a circulating supply of 41,706,564,590 XRP, XRP is the 3rd largest cryptocurrency.
Price analysis of XRP
The above chart shows that at present XRP is getting traded at 0.312483 USD or 0.00007568 BTC (UTC time 07:08). Its current market cap has a trading value worth of 13,032,588,934 USD, and its 24h volume is worth of 701,295,376 USD. The same chart shows that approx. One month earlier, XRP had a trading value of 0.320249 USD. So, in this duration, the value of XRP has been reduced by -2.42%.
Conclusions for XRP
Ripple is a very promising network, and its XRP is also future rich crypto that is facilitating many financial sectors without any clutches of government and middlemen. Its outstanding partnerships, developments, and features can soon make XRP, one of the most leading crypto and can also maintain its sustenance of good performance.