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See the live Ripple price in EUR. Buy Ripple or add it to your Crypto Strategy.

Ripple

XRP

XRP to EUR Price

€0.4488

Ripple Market Cap

€24.94B

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XRP EUR price chart / performance

XRP EUR price chart / performance

From
Jun 8, 2024
To
Jun 15, 2024
Past performanceis not indicative of future results. EUR (€) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+0.21%
Return (7D)
-1.96%
Return (1M)
-3.12%
Return (1Y)
+2.10%

My Investment

My Investment

Profit Taken
€0.00
0.00%
You Have:
€0.00
Unrealised P/L
€0.00
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 € 0.4488.

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 € 0.4488.

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.

Triaconta Big 3
5 Jun, 2024

Bitcoin ($BTC) ETF approval on 10 Jan, 2024

Ethereum ($ETH) ETF approval on 25 May, 2024

XRP ($XRP) ETF approval inevitable according to Ripple CEO on Consensus

ECB 0.25% rate cut expected on Thursday

We're good.

4 people like this
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@ICONOMI
31 May, 2024

May Overview: Crypto Market Dynamics


This month was a dynamic one for the crypto market, featuring several important changes:


➡️ NYSE is considering cryptocurrency trading due to high market demand


➡️Political shifts and new regulations are creating a more supportive environment for digital assets


➡️ Trump's campaign now accepts crypto donations, signaling political acceptance


➡️ Goldman Sachs is focusing on tokenization to improve asset management efficiency

➡️ Bitcoin ($BTC) demonstrated resilience, trading above $68K


➡️ Altcoins like Solana ($SOL) and Ripple ($XRP) also saw significant gains.


Visit our blog for a detailed analysis and more insights. Stay informed about the latest trends and developments in the crypto space!


Read the full weekly wrap 👉 HERE




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3 people like this
Blockchain Index
10 May, 2024

Ripple's Stablecoin 


In the symphony of stablecoins, $XRP orchestrates a melodious composition with its USD-backed XRP stablecoin. With promises of reliability and trustworthiness, Ripple's stablecoin aims to bridge the gap between traditional finance and the crypto world. As Ripple's stablecoin takes centre stage, the crypto community eagerly awaits its debut. The anticipation builds as Ripple's CTO hints at upcoming integrations and advancements, promising a harmonious convergence of blockchain technology and financial innovation.


Cardano's Ascension to Technological Excellence


Amidst the cosmic chaos, $ADA emerges as a beacon of technological excellence. With a focus on robust infrastructure and academic rigour, Cardano attracts investors seeking stability in turbulent markets. As Cardano's innovations propel it toward new heights, the crypto universe watches with bated breath. With partnerships like EMURGO's collaboration with GSR, Cardano's ecosystem flourishes, paving the way for groundbreaking developments and widespread adoption.



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5 people like this
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@ICONOMI
24 Apr, 2024

Latest News: Ripple Challenges SEC’s $2 Billion Penalty Demand


Ripple is challenging the SEC's demand for a $2 billion penalty, suggesting a $10 million fine instead. They argue the higher penalty is disproportionate to the allegations. This legal battle is it's tolls on $XRP price, resulting in a lot of volatility. 


As Ripple stands up to these demands, the outcome could really affect how much confidence investors have and the price of XRP. 


Check out our blog for more on this story and what it might mean for the future of Ripple and XRP 👉https://www.iconomi.com/blog/ripple-challenges-secs-2-billion-penalty-demand

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5 people like this
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@ICONOMI
13 Mar, 2024

The Ripple (XRP) Phenomenon: Latest News and Technical Analysis


Amid the crypto market's ebb and flow, Ripple's $XRP is proving to be a standout performer, demonstrating potential and resilience. Recent activities have shown a significant surge in XRP's price, driven by large-scale holders and a noticeable shift from Bitcoin ($BTC) to alt-coins. This trend underlines a growing confidence in XRP's long-term value proposition.


Furthermore, technical analyses support this bullish sentiment, with XRP breaking past critical resistance levels, setting the stage for potential gains. Behind the scenes, Ripple's leadership remains steadfast, navigating regulatory challenges while highlighting the inherent value XRP brings to the digital asset space.


🔎 To dive deeper into XRP's latest developments and what it means for the crypto market, read more on our blog.

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6 people like 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?
How to buy Ripple (XRP)?
What Is the Current Price of Ripple (XRP) in EUR?
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