XRP Price Prediction
Best advise? Study these charts 📖
Today's ForecastsXRP(XRP) opened trading today at $0.62. It achieved a Market high of $0.64 and a subsequent Market low of $0.59, Representing a change of $0.0001 and price percentage change of 0.02% . Its current Price is $0.62 representing a market share of 9.89% only.
A total volumn of $246,246,128 worth of XRP traded hands today, achieving a Maximum Market Cap of $61,974,327,296 for the day.
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The Bull Case 🐃 for XRP
Many people are looking to invest in digital assets (including XRP) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for XRP as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, XRP has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
XRP is currently trading around $0.62.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of XRP
Ripple positions itself as a complement to, rather than a competitor with, Bitcoin - the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. Ripples aren't mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There are 100 billion XRP at present.
- Math-Based Currency
A math-based currency, also referred to as a cryptocurrency, is a digital asset with verifiable mathematical properties, similar to how we can reliably verify gold as a substance made of atoms with 79 protons. Math-based currencies exist as digital assets in their own right and can be transferred directly between users (as fiat cash can be) without relying on a centralized protocol operator. XRP exists as a math-based currency on the Ripple protocol.
- Abuse Protection
The primary function of XRP is to protect the Ripple protocol against denial-of-service (DoS) spam attacks. Since the Ripple protocol is based around a shared ledger of accounts, a malicious attacker could create large amounts of “ledger spam” (such as fake accounts) and “transaction spam” (such as fake transactions) in an attempt to overload the protocol. This could cause the size of the ledger to become unmanageable and interfere with the protocol’s ability to quickly settle legitimate transactions.
- Bridge Currency
XRP has great value as a bridge currency. Because each gateway’s balances trade as distinct assets within Ripple, the number of potential currency pairings can become quite large. Instead of quoting every possible currency/gateway combination, XRP can serve as a useful bridge currency to enable these transfers. This is possible because if every currency is liquid to XRP, then every currency is liquid to every other currency:
The Ledger and Consensus
The Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol.
The World’s First Distributed Exchange
No one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature.
XRP Trading Stats for Today - 2020-12-03 01:36:07 +00:00 GMT
|Current Supply||99,990,847,488 XRP|
|Total Supply||2,147,483,648 XRP|
|24h Volume (coin)||399,673,568 XRP|
|24h Volume (currency)||$246,246,128|
|Last updated||2020-12-03 01:36:07 +00:00 GMT|
Other Price Forecasts similar to XRP(XRP) :
Common XRP Price Prediction Questions
What is XRP’s potential future value?
XRP's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what XRP is and what it does. This is because XRP's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can XRP make you one?
What is going on with XRP's price?
In order not to be too rattled, read our Fundamental analysis above on XRP to know if it’s a good hodl.
How high will XRP go?
No one really knows for sure. We however predict XRP might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is XRP(XRP) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of XRP to see its expected value. You can also visit XRP's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The XRP website page will quickly provide you with that value.
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Why is XRP's price going down?
It’s difficult to tell right now as the daily XRP candle hasn’t closed. However a quick way to know the reason for any sudden disruption in XRP's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for XRP, Simple click the Social Button on this page, located immediately below the Price Charts.
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