XRP price Dec 30, 2024

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Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns cryptocurrency. Moreover, while XRP prices have jumped 85% in the last 48 hours, the total capital stock in XRP derivatives markets has grown by 120%, indicating open interest is rising significantly faster than price.

1. Conversely, large outflows from exchanges might indicate accumulation by whales, which could be bullish.
2. One of the possible candidates includes Paul Atkins, who will be seen favorably by the crypto advocates.
3. The RLUSD is currently awaiting approval, and as a stablecoin, it will be fully backed by cash in the form of USD, government treasury securities, and other cash equivalents.
4. While reaching $500 soon may be highly unlikely, Ripple (XRP) still holds potential for growth and innovation in the long run.
5. Despite this downturn, XRP maintained relatively stable support around $0.25 to $0.30, reflecting resilience amidst market volatility.
6. As of now, the circulating supply of XRP is approximately 57,410,230,000.
7. One technical analyst, known as NeverWishing on TradingView, has predicted that XRP could reach $33 by the end of the year.

It has a trading volume of over $5.60 billion inthe past 24 hours. From a pure technical analysis perspective(ignoring fundamentals for a moment), this could be the most pivotal priceaction in XRP’s history,” Egrag commented. Baby Ripple (BABYXRP) cryptocurrency is marked as ‘Untracked’ because of inactivity or insufficient amount of data. There are multiple methods to obtain historical crypto data, but some options have drawbacks.

about XRP

This means that it can be used as a mediator while converting various fiat currencies. For example, imagine that, in order to exchange one fiat currency for another, you need to use US dollars because ripple highest price ever these currencies cannot be exchanged directly. XRP coins can be used instead of US dollars as a much faster and less costly alternative.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. These are the project’s quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

Lowest market cap

XRP soared to become the third most valuable cryptocurrency in the world when it hit $2.48 on Monday — its highest price in six years. Ripple’s XRP Ledger may borrow from Bitcoin, but it certainly is very different and has found a way to establish itself in the finance world. It’s hard to compare Ripple to other projects as it does not fully function the same way other cryptocurrencies do. In 2017, Ripple transferred 55 billion tokens out of the 80 billion XRP into an escrow account. As of September 4, 2022, the escrow accounts held 44.6 billion XRP. CryptoQuant data shows whale activity – which tracks movements from large wallets to and from exchanges – has been consistently elevated since the past month, multiples higher than any other period.

XRP ETFs

With Trump taking office next year, market analysts predict the path towards more crypto ETFs could become easier. Gensler’s tenure was marked by a hostile stance towards the crypto industry. And his departure on January 20, the day of Trump’s inauguration, is seen by many as being a positive sign for Ripple. Ki Young Ju, CEO of crypto analytics platform CryptoQuant, said Coinbase whales are driving the XRP rally. However, such whale movements tend to coincide with local peaks, CryptoQuant’s contributing analyst Woominkyu said in a post Monday, as sophisticated participants sell on retail inflows.

Do you want to learn more about cryptocurrencies and their various applications? The Bitpanda Academy offers in-depth articles, tutorials, and resources to help you become a crypto expert. While the article does mention partnerships and collaborations, the sentiment of other major industry players varies, and thorough research is advised before investing. Another analyst, XRP-Jonny, has a more optimistic prediction, expecting XRP to rally massively in the coming months and potentially reach $589 by 2025.

It’s a fast net zero emissions blockchain suited for financial institutions. Starting at around $0.01, it showed promise but hadn’t yet captured attention from investors. At the time, the mainstream was still very hostile to financial innovation and very supportive of the existing banking infrastructure.

In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics. XRP operates on an open-source and peer-to-peer decentralized platform that facilitates a seamless transfer of money. This includes traditional FIAT currencies, for example, dollars, yen, and euros, as well as for cryptocurrencies, and even commodities such as gold.

1. Prior to 2019, xCurrent operated as a real-time settlement system, xRapid was a liquidity product while xVia functioned as a payment API.
2. Simply put, XRP Ledger is a blockchain, XRP is the native coin of that blockchain, Ripple Network is a worldwide payment network, and Ripple is the company behind it.
3. XRP is a digital asset while Ripple refers to a company that created the Ripple Consensus Ledger.
4. This reflects an $819 million increase in open interest since Trump’s win.
5. Moreover, XRP has a decentralized circulating supply, with the top 10 addresses holding only 10.7% of the total supply.
6. While it’s impossible to predict when, exactly, XRP will cease to exist it is safe to say it won’t be anytime soon.

Marketexperts anticipate potential upward movement once the current correction phaseconcludes. Our historical XRP price dataset includes data at intervals of 1 minute, 1 day, 1 week, and 1 month (open/high/low/close/volume). These datasets have undergone rigorous testing to ensure consistency, completeness, and accuracy.

As a bridging cryptocurrency, XRP makes it easy for users to settle cross-border payments in less than five seconds compared to traditional financial organizations that process the same in four to five business days. Therefore, it appears to have positioned itself as one of the digital currencies that will propel the future of finance. Also, the crypto asset was among the top 10 cryptocurrencies by market cap at the time of writing, signifying user demand. As long as cross-border payments remain a thing – and it looks like this is highly likely in the foreseeable future – XRP will probably keep on profiting from this trend.