Ripple price (XRPUSD) is little changed today as investors wait for the Federal Reserve interest rate decision. The price is...
Ripple Price
In this section, you will find important Ripple price news, actionable trading ideas, and a live XRPUSD chart to help you understand the markets better.
What is Ripple?
Ripple or XRP is a digital currency created in 2012 as a standard of exchange on the Ripple payment protocol. XRP was mainly built for corporations to use as it aims to be a fast, secure and cost-efficient cryptocurrency for sending money around the world using blockchain.
Financial institutions and payment providers can use XRP to reduce their transaction costs and enter new markets. XRP exists within the Ripple Payment and Exchange Network and can be used for transactions between traditional currencies such as USD, EUR, GBP, and other cryptocurrencies through the RippleNet payment network. A major difference between Ripple and the other major cryptocurrencies is that the XRP is not mined. There is a fixed stock of 100 billion XRP controlled by Ripple Labs, the company that created XRP.
XRPUSD is a pair that shows how many US dollars it costs to buy one XRP. The XRP price at the time of writing was $0.399672 with a market capitalization at 17 billion dollars which made it the third-largest cryptocurrency after Bitcoin and Ethereum.
Live Ripple Price Chart
Sign up to find out why Ripple price continues to struggle to break above the 25 cents mark.
In my last Ripple price analysis, I noted that the coin had found support at the 50-day moving average and would look to test the highs again.
Ripple price looking for direction at the 0.24 mark as the number four cryptocurrency consolidates in a narrow trading range between 0.23 and 0.2450.
Ripple price (XRPUSD) is up by more than 1.85% today as traders react to the overall weaker US dollar. The...
Ripple price continues the consolidation above the 100-day moving average trying to stabilize after the recent correction.
Ripple price corrects after a double top rejected it at 0.32.
Ripple price attempts a rebound as the USD dollar is under selling pressure day and tries to reverse the gloomy technical picture formed yesterday after XRPUSD breached below the 50-day moving average
Ripple price testing for the second day the 50-day moving average and bounce, at least for now, as the correction for the number four cryptocurrency continues.
Ripple price did not go anywhere for the entire month of August. Just like Bitcoin, it consolidated on a horizontal...