The current Ripple (XRP) price (XRP) is 0.37 €, up 1.60% within the past 24 hours. Within the past year, the Ripple (XRP) price is up by 77.03% .
There are currently 45,730.0 million Ripple (XRP) with a total valuation of 17.0 billion euros in circulation.
By contrast to stock on regular exchanges, Ripple (XRP) is traded around the clock. Therefore, # it is important to stay vigilant to not miss a good buying or selling opportunity. our price alert helps you with that.
On Cryptoradar you can compare cryptocurrency marketplaces, which you can use to buy Ripple (XRP).
Popular Ripple (XRP) Exchanges
Check Ripple (XRP) prices of the most popular Ripple (XRP) exchanges.
What is Ripple?
Ripple is a digital payment network and a cryptocurrency with the ticker symbol XRP. Founded and published by RippleLabs in 2012, Ripple serves as a real-time gross settlement system (RTGS) and remittance network. The purpose of Ripple is to enable fast financial transactions that are recorded by a blockchain. Ripple is one of the less decentralized cryptocurrencies as a private company, RippleLabs, issues XRP and controls many network nodes. You can learn more about Ripple here.
What determines Ripple's price?
XRP (the token of the Ripple Blockchain) is traded on crypto exchanges, with the price determined by supply and demand. The Ripple price is therefore the currently valid market price. The Ripple price rises when demand of XRP (= number of people that want to buy) exceeds the supply of XRP (= number of people that want to sell).
Historical development of Ripple's price
Cryptocurrencies are a very speculative asset class. Since the introduction of the cryptocurrency in 2012, Ripple's price has already been subject to numerous price fluctuations. Prices can rally or drop up t0 30% within just one day.
The first recorded price of Ripple on CoinMarketCap is $0.0057 in mid 2013. XRP hit its all-time high in January 2018 at $3.40. As a result of a crash, the Ripple price has temporarily fallen by up to 94.5% and hit its three-year low in December 2019 at $0.186.
Intrinsic value of Ripple
Originally the value of currencies was determined by an intrinsic value inherent in the object of exchange. For example, coins made of precious metals, especially silver, were used as currency by the Romans. And up until the early 1970s, each dollar bill was backed by the same amount of gold at a fixed exchange rate of $35 per ounce.
Since the departure from the gold standard in the 1970s, almost all western countries have introduced fiat currencies that have no intrinsic value.
Similarly, XRP is also a financial product without intrinsic value. The value of an XRP and thus also Ripple' price is based purely on the confidence of market participants in the future value of the cryptocurrency.
Ripple Price Forecast
Is Ripple overvalued?
The valuation of financial assets is highly complex. This is especially true for cryptocurrencies being a completely new asset class.
In many industries, production costs are used as the basis for pricing. With Ripple, these are extremely low. However, this does not necessarily mean that XRP should only have a low value. 100 dollar bills can also be produced very inexpensively.
Therefore, one must focus on the future expectations of the technology. If, for example, Ripple succeeds in becoming a leading network for international transfers, steep price increases are quite possible.
The use hard economic data like cost structure, growth, or disruptiveness of a technology is a method of so-called fundamental analysis.
Long-term investors in particular use fundamental data to determine the current and future value of a company or a financial asset and thus the fair price. You can find more information on fundamental analysis here.
Another method for forecasting the price of a financial asset is technical analysis. Technical analysis is based on the believe that all publicly available information (which can be gathered through fundamental analysis) is always priced into the price chart of an asset.
Hence, technical analysis makes use of the historical development of the quotes in order to create forecasts for the future. If you want to learn more about technical analysis, then TradingView is a great entry point.