A Fundamental Analysis on Ripple (XRP)

2021-11-30 19:07

Ripple (XRP/USD) is the best of both worlds. It was established by Ripple Labs in 2012 as a cheaper and faster means of payment compared to traditional platforms like SWIFT and digital currencies. 

Transactions are confirmed by a small number of servers owned by banks through a consensual mechanism. This method is unlike the proof-of-stake mechanism used in Bitcoin and other digital assets. 

As of the 29th of November, 2021 – Ripple is ranked in 7th place on CoinMarketCap.com (the encyclopedia of digital assets). It has an all-time high (ATH) of $3.40 which it hit in January 2018. On March 13, 2020, it hit an all-time daily low of $0.12. Its current price ranges between $0.8966 and $0.9942. It has a daily trading volume of over $2.5 billion. 

XRP daily candlestick chart (source: TradingView)

 XRP has a total supply of 100 billion, with only a little above 47 billion in circulation. The current market capitalisation of XRP hovers above $ 46.5 billion. 

In the United States, XRP has been delisted from many exchange platforms due to the lawsuit filed against them by the Securities and Exchange Commission in December 2020. American IP addresses and traders from the United States face restrictions and trading limits on the platform.

Summary

Although XRP has witnessed a steady downfall from 2018, which persisted all the way till 2019, and part of 2020, it has hopes of rising again. Since November 2020, XRP has steadily but slowly been on an overall upward trend; it even hit a high of $1.96 on April 14, 2021. 

Resolving the lawsuit against them by the US SEC could potentially cause a surge in prices again. 

The post A Fundamental Analysis on Ripple (XRP) appeared first on Coin Journal.

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Ripple (XRP) на Currencies.ru

$ 0.5166 (+0.14%)
Объем 24H $1.091b
Изменеия 24h: 0.06 %, 7d: -0.27 %
Cегодня L: $0.5141 - H: $0.5173
Капитализация $28.564b Rank 7
Цена в час новости $ 0.9918 (-47.91%)

ripple xrp analysis fundamental labs coin journal

Источник: coinjournal.net

ripple xrp → Результатов: 126


Ripple собирается запустить DeFi-протокол

Ripple (XRP) продолжает совершенствовать XRP Ledger (XRPL). Теперь проект хочет привнести в экосистему децентрализованные финансы (DeFi). Разработчики Ripple представили предложение, направленное на создание в XRP Ledger экосистемы DeFi.

2024-4-15 16:04


Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

Эмитент XRP Ripple объявил о планах по запуску стейблкоина, обеспеченного долларами США, и надеется в течение ближайших лет отвоевать значительную долю рынка у Circle и Tether. Технический директор Ripple Дэвид Шварц (David Schwartz) сообщил, что первоначально стейблкоин будет выпущен в блокчейнах XRP и Ethereum.

2024-4-5 18:49


Фото:

Издание Forbes назвало блокчейн Ripple «зомби-сетью»

Журналисты издания Forbes усомнились в полезности экосистемы Ripple, в частности XRP Ledger (XRPL) и монеты XRP. Издание также назвало блокчейны Ripple, Cardano, Bitcoin Cash, Litecoin и Stellar «зомби-сетями».

2024-3-31 12:58


Ripple нарастила продажи XRP

В феврале компания Ripple продала 120 миллионов из зарезервированных для своей казны 200 миллионов XRP. Интересно в этом процессе то, что бездействующий два года адрес кошелька, который контролирует компания и который помечен XRP Scan как «Ripple (52)», отправил 100 миллионов токенов на сумму $53,5 миллиона на адрес «Ripple (1)».

2024-2-15 12:02


Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst

Analysts JD and Cryptotoes share crucial insights about Ripple (XRP), providing a glimpse into the potential for a parabolic move. JD lays out three key factors that could pave the way for a parabolic move in Ripple XRP: JD tantalizingly mentions that once these conditions align, smart money—representing 5% of investors—might seize the opportunity for […] The post Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst appeared first on CaptainAltcoin.

2023-11-28 20:30


Will XRP’s Price Jump After Another Ripple Win Against the SEC Be Short-Lived?

According to analysis firm Santiment, XRP spiked 8% following news that the SEC’s appeal against Ripple was denied. The immediate aftermath saw Ripple’s native cryptocurrency, $XRP, experiencing a swift +8% surge, and it has swiftly become a focal point, constituting nearly a quarter of discussions related to the top 100 assets in the crypto space.

2023-10-4 10:19


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