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Ripple

XRP

XRP to EUR Price

€0.5999

Ripple Market Cap

€32.79B

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XRP EUR price chart / performance

XRP EUR price chart / performance

Risk warning|
From
Feb 26, 2024
To
Mar 4, 2024

Returns

Returns

Return (24h)
+3.56%
Return (7D)
+18.46%
Return (1M)
+27.14%
Return (1Y)
+71.35%

My Investment

My Investment

Profit Taken
€0.00
0%
Profit/Loss
€0.00
0%
You Have:
€0.00

Ripple (XRP) History and Overview

Ripple (XRP) History and Overview

XRP stands as a pivotal cryptocurrency and the native token of Ripple, a fintech innovation aimed at revolutionizing global financial transfers and currency exchange. Developed by Ripple Labs, co-founded by Jed McCaleb and Chris Larsen in 2011, XRP was designed to enhance the efficiency, speed, and security of cross-border transactions. Unlike many cryptocurrencies, XRP was pre-mined, boasting a total supply of 100 billion tokens, a feature that distinguishes it from the likes of Bitcoin in terms of its creation and distribution mechanism. The live Ripple to EUR conversion is € 0.6004.

The inception of Ripple, initially known as Ripplepay, dates back to 2004 by Ryan Fugger, which predates Bitcoin. However, it was the re-envisioning by McCaleb, Schwartz, and Britto in 2011 that led to the development of the XRP Ledger, laying the foundation for what XRP is today. Ripple underwent several rebrandings, finally adopting the Ripple name in 2015, which has since become synonymous with fast and efficient global payment solutions.

While often interchanged in casual discourse, XRP and Ripple are distinct entities. XRP is the digital asset that operates on the XRP Ledger—a decentralized, open-source blockchain platform—whereas Ripple is the technology company that leverages XRP to facilitate fast and low-cost international transactions. XRP's utility in Ripple's ecosystem underscores its role in providing liquidity and enabling real-time settlement across borders.

XRP's unique distribution model saw 80 billion tokens allocated to Ripple, with 55 billion of these tokens placed in escrow to manage supply predictably. The remaining tokens were distributed among co-founders and the development team, with provisions for monthly releases to control circulation. As of the last update, approximately 53% of XRP tokens are in circulation, highlighting a controlled approach to supply management.

XRP has faced scrutiny and legal challenges, notably from the U.S. Securities and Exchange Commission (SEC) and the Financial Crimes Enforcement Network (FinCEN), concerning its classification as a security and compliance with anti-money laundering regulations. Despite these challenges, including a significant lawsuit filed by the SEC in December 2020, XRP has remained a resilient asset in the cryptocurrency market, demonstrating significant price volatility but maintaining a strong market capitalization.

XRP distinguishes itself from Bitcoin through faster transaction times, lower costs, and a more energy-efficient consensus mechanism. Unlike Bitcoin's proof-of-work system, XRP uses a consensus protocol involving trusted validators, allowing for rapid and secure transaction validation. This efficiency has positioned XRP as a scalable solution capable of handling a large volume of transactions per second, far exceeding Bitcoin's capacity.

The XRP Ledger's consensus mechanism ensures secure and efficient transaction validation, making it a robust platform for financial transactions. Its scalability is evidenced by its ability to process up to 1,500 transactions per second. Moreover, XRP's low energy consumption, compared to the intensive energy demands of Bitcoin mining, marks it as an environmentally friendly digital asset.

The current price of 1 XRP in EUR is € 0.6004.

How To Buy Ripple or Add it to your Strategy

The fastest, most convenient way to purchase Ripple is to purchase it on ICONOMI. We check Ripple live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Ripple by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Ripple is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Ripple, we recommend you read the next section, as copying might be a better approach.

Add Ripple to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Ripple in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Ripple XRP. See all Ripple price predictions in real time and make the best use of their crypto knowledge.

Avatar
@ICONOMI
28 Feb, 2024

Ripple's Market Movement, and Analysis


$XRP recently had a $16 million whale transaction that caused significant market movements. Despite being stable at around $0.58, XRP is the only top 15 cryptocurrency that recorded losses in both the short-term and past week. Its unique position in the market is reflected in broader rallies.


Check out our latest coin analysis for more on XRP's market dynamics and technical signals!

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4 people like this
CryptoMuesli
30 Dec, 2023

Crypto News:


Mixed trading conditions lie ahead for the global crypto market in the coming hours and week. Bitcoin ($BTC ) and Litecoin ($LTC ) will profit from a bullish sun, indicating continued upside potential.


Ether ($ETH), Ripple’s ($XRP ), Binance Coin $BNB ) and Dogecoin ($DOGE) will face bearish trading conditions over the coming 24 hours, before the bullish sun returns in the coming days.

Polkadot ($DOT ), Cardano ($ADA ), Uniswap ($UNI ) and Chainlink ($LINK) will face bearish clouds throughout the day and week ahead.

2 people like this
Avatar
@ICONOMI
11 Dec, 2023

The recent 7.5% drop in $BTC price towards $40,000 is a stark reminder of the inherent volatility in the cryptocurrency market. It has since rebounded a few per cent and is currently trading for $42,132.07.


The broader crypto market, including altcoins like $ETH , $XRP, and $ADA, also felt the ripple effect of Bitcoin's decline, shedding about 4% in value. This market movement underscores the interconnected nature of digital assets and the influence of Bitcoin as a market leader.


In the ETF arena, VanEck's recent amendment to its spot Bitcoin ETF application, changing its ticker to $HODL, reflects a blend of crypto culture and strategic marketing. This move, while appealing to a younger demographic familiar with crypto jargon, also highlights the growing interest and competition among major firms like BlackRock and Fidelity in the crypto ETF space.


Furthermore, Britain's M&G Investments leading a $30 million funding round in the crypto derivatives platform GFO-X is a significant development. This investment not only boosts GFO-X's position ahead of its launch but also signals the growing interest in regulated digital asset trading. With the UK's Financial Conduct Authority's backing, GFO-X is poised to offer a regulated marketplace for Bitcoin index futures and options, potentially positioning London as a global hub for crypto asset technology and investment.


Google recently updated its advertisement policy, allowing advertisements for U.S.-based crypto trusts from January 2024. This change coincides with the anticipated approval of spot Bitcoin ETFs in the United States, potentially heralding a new era of mainstream crypto advertising. By permitting ads for cryptocurrency coin trusts, which are likely to include ETFs, Google is opening up a vital channel for crypto-related financial products to reach a broader audience.


The requirement for advertisers to be Google-certified, ensuring compliance with local laws and regulations, underscores the tech giant's commitment to responsible advertising in this evolving sector.

4 people like this
Avatar
@ICONOMI
22 Nov, 2023

This week we highlight Ripple XRP - read our deep dive on the asset on our blog: https://www.iconomi.com/blog/ripple-xrp-rides-the-crypto-wave


What you'll find:


Ripple's $XRP has recently emerged as a focal point in the cryptocurrency landscape, especially among global central banks. A comprehensive report from the Basel Committee on Banking Supervision (BCBS) highlights the growing engagement of central banks with digital assets, positioning XRP as a significant player.

One person likes this
Avatar
@ICONOMI
22 Nov, 2023

Banking Sector's Crypto Engagement

The BCBS report reveals a notable trend in the global banking sector's cryptocurrency portfolio. $XRP , as the third-largest altcoin, accounts for 2% of total exposure, valued at approximately $205 million.


Regulatory Landscape

The ongoing SEC vs. Ripple case continues to influence XRP's trajectory. The recent involvement of Kraken in similar allegations by the SEC underscores the broader regulatory efforts targeting crypto exchanges.

One person likes this

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Ripple Price FAQ

What Is the Highest Price of Ripple (XRP) in EUR?

Ripple (XRP) price history shows the highest value of 2.73 EUR . We recorded this price on January 4, 2018, but we cannot exclude that a higher price was registered before November 29, 2017.

What Is the Lowest Price of Ripple (XRP) in EUR?
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What Is the Current Price of Ripple (XRP) in EUR?
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