XRP (XRP)

cryptocurrency
payments
scalable
finance & banking
#3

Marketcap Ranking

0.263471 (-0.29%) arrow_drop_down

Market Price (24h change)

11,407,874,369

Total Market Cap

3.6

2.9

info_outline What is XRP

4.8

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Short Description

Ripple, the company behind xRapid, xCurrent and XRP solutions continues to invest heavily in developing its ecosystem. Its main objective has always been to increase the intrinsic value of its currency and trading technologies, as well as taking the adoption of cryptocurrencies to a new level. The company recently partnered with MoneyGram, an international money transfer service. The initial idea of ​​the partnership was for MoneyGram to test xRapid and xCurrent as transaction tools. XRapid and xCurrent can be used to settle international transactions faster and much cheaper than using traditional methods

Fortunately the test seems to have been a success as MoneyGram has announced that it will adopt XRP and Ripple's solutions in full. According to ZyCrypto, xRapid was considered an efficient form of transaction, reducing the time and cost of transfer settlements. Interestingly, the recent partnership was born of a rivalry. Ripple, which is trying to bring a revolution for transfer solutions, had MoneyGram as its direct competitor, since both were in the same industry. Now, with the partnership, MoneyGram starts to use the speed offered by Ripple products and Ripple takes advantage of the adoption possibility by Money Gram users

This is where both sides win and the cryptocurrency ecosystem benefits. The news is excellent for the XRP, but there is no price movement yet. XRP remains the third largest in the industry at $ 0.316480 and up 1.5%, moving similarly to the rest of the cryptocurrency. It is possible that when the partnership gains strength, the currency will appreciate more, but this is far from certain. In addition, altcoins have been at a low point for a few weeks.

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Introduction Video

Basics of Ripple? | Money Investing University

In this video I will cover the basics of Ripple for beginners. The Ripple ecosystem consists of two main technologies The first is the Ripple protocol which is an open source pro ...

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Screenshot from Website

ripple.com
XRP Websitemore_vert

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Website Informationclose

Organization: REDACTED FOR PRIVACY
Name: REDACTED FOR PRIVACY
Country: REDACTED FOR PRIVACY
City: REDACTED FOR PRIVACY
Zipcode: REDACTED FOR PRIVACY
Address: REDACTED FOR PRIVACY
Mail: abuse@moniker.com
Creation date: 1998-03-13
Expiration date: 2022-03-12
Nameserver: NS-1069.AWSDNS-05.ORG

attach_money Product Analysis

4.6

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Whitepaper

While several consensus algorithms exist for the Byzantine Generals Problem, specifically as it pertains to distributed payment systems, many suffer from high latency induced by the requirement that all nodes within the network communicate synchronously. The result is a low-latency consensus algorithm which still maintains robustness in the face of Byzantine failures.


The whitepaper of XRP is 15 Pages long.

The most influencial keywords are: Payment providers, Banks, Banking, Global payments, Transacting, Providing, Ripple, Cost, Networks, and Customers.

file_downloadOpen Whitepaper
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Close Competitors

  • 1.) OmiseGO

    The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The decentralized network facilitates self-sovereign financial services across geographies, asset classes and applications.

  • 2.) Stellar

    Stellar is an open platform for building financial products that connect people everywhere. Stellar blockchain enables near instant payments, with almost zero fees, and a smart contract platform to create digital asset economy.

  • 3.) Bitcore

    Bitcore aims to be the #1 solution for direct payments. Bitcore has one of the lowest transaction fees on the market while providing possibly the best on-chain scaling solution in the entire crypto-sphere. Full Bitcore team: https://bitcore.cc/team/

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Product analysis

XRP was founded back in April 2013. Its source code was released publicly on github on November 2011 under the Other license.
Organization wise, XRPs Development is Centralized and is being developed under the lead of David Schwartz.

The consensus on which the XRP network is run is called RPCA, while the underlying algorithm is called Ripple Protocol Consensus Algorithm.
In the current state of XRP currently is Working product

group Community Analysis

4.8

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Communities & Events

Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.

view_list r/ripple Subreddit
person 207,363 Subscribers
directions_run 566 Active Users
create 16 Daily Posts
speaker_notes 190 Daily Comments
linkOpen Subreddit

https://ripple.com
https://twitter.com/ripple
https://reddit.com/r/ripple
https://www.xrpchat.com

News: @RippleAlerts
中文群: @Ripple_CN

XRP FAQ: https://t.me/Ripple/550224
Crypto FAQ: @CryptoFAQs

Listed in: @Crypto > @CryptoCurrencies

view_list Ripple XRP Channel
person 29,009 Members
directions_run 1,134 Online
linkOpen in Telegram

Official Twitter account for XRP

view_list @Ripple Channel
person 942,106 Followers
11.14.2019
22:18
Episode 16 of The #RippleDrop takes a look back at #UBRICon2019 and the @XpringDev @CalBlockchain Interoperability Hackathon. https://t.co/XvJ6D1mLRP https://t.co/qQc31L9Y05 705 favorite
11.14.2019
00:46
Just released: watch the full #SwellbyRipple session with MoneyGram CEO W. Alexander Holmes here: https://t.co/AFz7I2OUBW https://t.co/Zi4GGQx1II 1,013 favorite
11.13.2019
05:44
Wonderful to meet @KyotoU_News students on the second stop of our #UBRI Japan tour. https://t.co/79jJ4L6sqQ 517 favorite
11.12.2019
19:20
.@BeeTechGlobal is on a mission to connect companies and individuals in Brazil with the rest of the world. With RippleNet, the company is doing just that by saving their customers more than $14 million in transaction fees. https://t.co/q27VfzKEMI 1,025 favorite
11.12.2019
02:13
Thanks again to those who joined us in Singapore for #SwellbyRipple! For all things Swell, we'll continue to update https://t.co/NnOD151Z8P in the coming weeks. https://t.co/qys2DXlRJ3 1,446 favorite
11.11.2019
09:54
Stop 1 on our #UBRI Japan tour: @JoelKatz and @emy_wng discuss how #blockchain is transforming global payments at @UTokyo_news_en. https://t.co/R432DJM8Db 720 favorite
11.11.2019
01:42
日本の#XRPコミュニティの皆さん、ミートアップではRippleチームを歓迎して頂きありがとうございました! Thank you to the #XRP community in Japan for hosting the Ripple team! #XRPMEETUPJAPAN https://t.co/kVUnTuALK4 727 favorite
11.10.2019
05:21
Live now at #XRPMEETUPJAPAN: CTO @JoelKatz discusses the core technical innovations that make up #XRP and the #XRPledger. https://t.co/YeTGaSUuH1 1,663 favorite
11.09.2019
00:57
Full session video from our #SwellbyRipple On-Demand Liquidity panel is now live. Check it out on Ripple Insights. https://t.co/4iA36bVZ0I 659 favorite
11.08.2019
17:02
Earlier this week, @bgarlinghouse spoke to @Bloomberg about the future of digital assets and why there will continue to be volatility in #cryptocurrencies. https://t.co/TmuLgpkMod 584 favorite

There are no events for XRP in the next 3 Months

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Google Trends Analysis


The Google Trends chart displays the search interest on google in XRP relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

2.7

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Github Analysis

Code Updates (Commits)


Every change to the codebase of XRP is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 3,337 Stars
remove_red_eye 473 Watchers
usb 1,035 Forks
sync_problem 144 Open Issues
border_color 0.13 % Comment Coverage
lock_open Other License

attach_money Price Analysis

3.2

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Price Prediction

$ 0.258809 (-2.69%) arrow_drop_down

Predicted USD Market Price in 24h

$ 0.219629 (-17.42%) arrow_drop_down

Predicted USD Market Price in 14d

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Converter XRP - USD

Convert between XRP and USD with the live XRP prices, aggregated from all big exchanges that trade XRP.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.8

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Team

Lead

Brad Garlinghouse - Ceo
Brad is the CEO of Ripple and a member of the Board of Directors. Prior to Ripple, Brad served as the CEO of file collaboration service Hightail. From 2009 to 2012 he was President of Consumer Applications at AOL and prior to that he held various executive positions at Yahoo! from 2003 to 2009, including Senior Vice President.


supervisor_accountSocial Network Links

Members (13)

launch

David Schwartz

Chief technology officer

launch

Ron Will

Chief financial officer

launch

Kahina Van Dyke

Svp of business and corporate development

launch

Asheesh Birla

Svp of product

launch

Cory Johnson

Chief market strategist

launch

Monica Long

Svp of marketing and communications

launch

Marcus Treacher

Svp of customer success

launch

Ethan Beard

Vp of product

launch

Chris Kanaan

Vp of engineering

launch

Sandi Kochhar

Vp of people

launch

Brynly Llyr

General counsel

launch

John Mitchell

Vp of global sales

remove_red_eye Product Review by Coinpaper

2.7

How things stand

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One of the biggest critiques of Ripple is that it’s not decentralized unlike other cryptocurrencies. Ripple holds more than 50% of the total supply and enough Ripple validators are be able to freeze accounts. [1]
In December 2018 the independent researcher, Geoff Goldberg, uncovered astroturfing attempts to shape the public opinion about Ripple with fake social media bots that try to make newcomers interested in Ripple’s cryptocurrency. [2]
The actor, Ashton Kutcher, announced a $4’000’000 donation at the Ellen Degeneres talk show. This donation is for the Degeneres Wildlife Fund. [3]

2.3

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There’s not much information available about the current state. The GitHub profile of Ripple looks busy. [1]

2.7

Product description

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Ripple has the three network products xCurrent, xRapid and xVia, of which xCurrent is the most focussed one. Its goal is to be used by institutions (e.g. Banks) that do cross-border payments, so that they can do much faster transactions for much less money. [1]

3.7

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Main problems for cross-border payments are the long waiting times and the high costs. Ripple has a solution for this problem, but there’s a catch. Banks might be interested in the technology, but decline to use the cryptocurrency Ripple, as the token has a high fluctuation.

3.0

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The Ripple co-founders are Chris Larsen and Jed McCaleb. McCaleb founded the filesharing program eDonkey2000 which was put down and the company had to pay 30 Million Dollars in compensation. [1] McCaleb seems to be a competent programmer and created the website MtGox which he later sold, while still holding shares of it. He cofounded Ripple in 2012/2013 and left the team in 2014 to create his own cryptocurrency Stellar Lumen off a Ripple fork. [2] Larsen is the current team leader at Ripple.

2.0

Pro-Contra

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Security Relatively high. The coin has been around for a while.
Transactions per second It can handle many more transactions per second compared to other cryptocurrencies.
Transaction speed The transaction speed is much higher compared to other cryptocurrencies.
Transaction cost The transaction fees are much lower compared to other cryptocurrencies.
Enery consumption The energy consumption is low compared to other cryptocurrencies.
Product availability The product is already available.
Exchange availability The coin is available on the major trusted exchanges.
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Adoption The coin has a low acceptance rate compared to other cryptocurrencies.
Decentralization The coin is centralized.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

3.4

Foresight

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The success of Ripple’s cryptocurrency is heavily dependent on the financial institutions that might use Ripples coin XRP. A big obstacle to overcome is not only the high volatility of the coin's value but the trust that’s needed by banks. Foreign banks might not want to give Ripple full control of a highly important transaction.
Banks might possibly want to create their own system with partner banks and with a system that suits their purpose better.

1.8

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There’re no currently known projects in the works, but there are a lot of marketing efforts to create partnerships and to make people invest in the Ripple coin XRP.

2.1

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The potential is exceptionally huge. If Ripple’s coin XRP were used by major banks, it would skyrocket in price even if not all cross-border payments would be handled with XRP.

5.0

Business

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The biggest contender for the Ripple network is Stellar, which was founded by the Ripple cofounder McCaleb.

4.5

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On February 3, 2018, Ripple partnered with the multinational Spanish bank Santander Group. Santander will use Ripples technology xCurrent, but they will not use the Ripple coin XRP. [1]
Another partnership is in the making with the Fleetcor Indusland Bank, but it’s uncertain if they want to use the Ripple coin XRP or just the Ripple technology. [2]

2.5

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The Ripple community has risen as XRP entered the top 10 cryptocurrencies in market cap. The community is active in the forum in the means of sharing available information about the cryptocurrency XRP and new partnerships.

4.2

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The Ripple foundation has an experienced team with knowledge in the financial services and programming technology. The CEO of Ripple is Brad Garlinghouse. [1]

3.5

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance XRP/USDT $ 0.263236 $ 15,776,991 check
# 2 Binance XRP/BTC $ 0.263167 $ 9,714,063 check
# 3 Bitstamp XRP/USD $ 0.260180 $ 5,924,186 check
# 4 Coinbase Pro XRP/USD $ 0.260200 $ 4,305,976 check
# 5 Bitfinex XRP/USD $ 0.261580 $ 3,458,332 check
# 6 Kraken XRP/USD $ 0.260200 $ 1,531,797 check
# 7 Poloniex XRP/BTC $ 0.262996 $ 1,085,317 check
# 8 Coinbase Pro XRP/BTC $ 0.262996 $ 700,790 check
# 9 Kraken XRP/EUR $ 0.260358 $ 560,028 check
# 10 Coinbase Pro XRP/EUR $ 0.260226 $ 520,764 check

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