Ripple Price for today is $0.3045521505. Its current circulating supply is XRP 99,991,757,426 with a market cap of $12,464,394,686.
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Currently, Ripple (XRP) is trading at $0.3046 with XRP price 1.0% down today. The market cap of Ripple is USD 12,464,394,686 with 40,926,963,305 xrp circulating currently. The 24-hour price movement chart indicates that $312,606,105 worth of XRP were trading. The price peaked to $0.5148 in the last 24 hours while the lowest price was $0.4741.
Since its inception, cryptocurrency has been fraught with both unintended fame and controversy, being touted as a revolutionary monetary exchange medium, an alternative to money. Following the surge in acceptance across the globe, CoinSwitch, the largest cryptocurrency exchange, invites you to be a part of this consensus! Built on a highly-renowned trust exchange, CoinSwitch is a seamless experience of reliable and secure exchanges available on the cryptocurrency market.
Unlike other exchanges, CoinSwitch aggregates and compares amongst the best exchanges, allowing benefactors to buy Ripple or any other cryptocurrency. Use our comparison tool to buy Ripple XRP from Bitcoin, Ethereum, Litecoin, Monero and many others. Benefactors can also sell Ripple to obtain a cryptocurrency of their choice from among CoinSwitch’s over 300 cryptocurrencies, with a possible 45,000 exchange pairings. In order to buy Ripple cryptocurrency and be a part of Ripple exchange using CoinSwitch, benefactors must have a cryptocurrency wallet address.
They can do so by setting up a stable wallet version of a cryptocurrency they so desire, and will obtain a unique address and “private key” for their wallet upon purchase. CoinSwitch will never ask benefactors for their private key. Exchanges in a Ripple trade are done between sender and receiver wallet addresses.
Also Read: Realistic Ripple (XRP) Price Prediction 2018 & Next 5 years
Ripple is a real-time currency exchange and remittance network created by Ripple Labs Inc and XRP is the token used for representing the transfer of value across the Ripple Network. Ripple coin price has seen unprecedented growth in the last year with a whopping 700% price rise. More and more payment providers are being onboarded based on its consensus mechanism. This does not, however, make it blockchain. Ripple uses HashTree, which is a persistent data structure, to summarize data compared across a network of validating servers to establish this 'consensus'. The key point to remember is that these servers can belong to anyone, from an individual to the banks themselves. Ripple uses this “distributed consensus ledger” in lieu of blockchain technology.
Ripple cryptocurrency hasn't, of yet, faced an issue in 30 million recorded transactions itself is testament to the stability of its platform. The Ripple currency or digital asset, XRP, was the unintentional superstar in the light of BitCoin, with only 100 billion tokens to ever be issued. The company has come out and stated that only this issued 100 billion would ever be in circulation. The use of XRP isn't tied to the Ripple network, in a manner of speaking; banks and payment providers don't actually need the Ripple coin to transfer currency. Instead, they use Ripple to move money, regardless of the currency itself. The crux lies in the network itself and its ability to move money.
Notwithstanding, XRP has its purpose in tackling the problem of liquidity issues. Payment providers stand to gain in terms of their role as a medium of money transfer. As of 2018, all products released include xRapid, xCurrent and xVia which improves XRP's position in the blockchain network.
If you are new to crypto trading, it's always advisable to learn about, what is Ripple, it's benefits and indicative return on investment.