XRP Is Now The Fourth Largest Cryptocurrency After $100 Billion Post-Election Surge

The coin was developed in 2011 by a couple of developers namely, Arthur Britto, David Schwartz, and Jed McCaleb. The founders then went ahead to launch Ripple under the name OpenCoin in September 2012 together with Chris Larsen, who joined as a co-founder and CEO. This firm would also end up being changed to Ripple, in late 2015. Ripple is backed by globally recognized strategic investors and venture capital firms such as Accenture, Andreessen Horowitz, BCG Digital Ventures, and Standard Chartered, among others.

Historical Performance of Ripple (XRP)

Importantly, as the value of XRP goes up the incremental amount of XRP destroyed with each transaction becomes smaller. While it’s impossible to predict when, exactly, XRP will cease to exist it is safe to say it won’t be anytime soon. Estimates range from decades to a few hundred years – so a long time. That Ripple has introduced flexibility around the XRP fee schedule suggests that they will seek to revise this fee lower as transaction volumes increase to preserve the longevity of the Protocol.

XRP Is Now The Fourth Largest Cryptocurrency After $100 Billion Post-Election Surge

For Ripple, it’s not just the Trump factor driving the move in XRP. SEC alleged that Ripple raised more than $1.3 billion in 2013 by selling XRP in an unregistered security offering to investors. In 2023, the court ruled that XRP was not a security when sold to the public on an exchange and that it did not violate federal securities laws. However, the court also ruled that XRP is a security if sold to institutional investors. This mixed ruling led the SEC to seek a $2 billion fine against Ripple.

Currently, an international payment may take a few days to complete, and at a high cost. A headache for banks is high-volume, but low-value, transactions — the kind that Facebook might pay out to app makers, for example. These can often be expensive and unprofitable for banks because it takes a lot of effort to move the money and the percentage cut won’t be as high as for a larger transaction.

Ripple’s XRP has seen significant price growth, rising bymore than 250% in the past three months. This surge has drawn attention fromcrypto investors, with some analysts predicting that the price could reach ashigh as $8 in the coming months. Marketparticipants are also closely watching the incoming Trump administration’spotential impact on the crypto sector. The appointment of pro-crypto SECchairman Paul Atkins and potential regulatory clarity could serve as catalystsfor future price recovery. In January2025, XRP is projected to trade within a range of $1.35 to $2.12.

Despite ongoing regulatory challenges and market fluctuations, XRP’s resilience bolstered investor confidence in its long-term viability as a digital asset with real-world utility. As cryptocurrencies gained widespread attention, XRP experienced a meteoric rise in price. Starting the year at around $0.0065, it surged to extraordinary highs, reaching over $3 by the end of the year. This unprecedented growth made headlines and drew both retail and institutional investors seeking to capitalize on the digital asset’s bullish momentum. This was also the year of crypto ICOs and massive blockchain expansion in general. While 2017 was a big year for cryptocurrencies, Ripple seems to have flown under the radar to a certain extent.

XRP’s price bump has also come amid a trading frenzy, which coincided with Robinhood relisting XRP on its platform last month. In the prevailing 2022 crypto bear market, Ripple’s price is plummeting as the overall crypto market has been crashing. Whales can move markets with their buying or selling pressure, and tracking this can indicate their market sentiment. Unlike bitcoin, Ripple is a company that has created coin known as XRP that is aimed at enterprises. It’s essential to conduct thorough research and seek professional advice before making any investment decisions.

This chart has a clear message – XRP will largely exceed ATH in 2025. To prevent abuse, data for each coin can only be downloaded once per day. To enhance your understanding of profiting from a bullish market trend, you are advised to delve into resources that cover the Bull market support band band and Range Sniper. Conversely, more aggressive investors may pursue higher returns by investing in non-principal-guaranteed products such as Range Sniper or employing Dual Investment products based on their market direction judgments. All the prices listed on this page are obtained from Bitget, a reliable source. It is crucial to rely on a single source to check your investments, as values may vary among different sellers.

1. “The latest spike in whale-to-exchange activity coincides with XRP reaching a local price of around $2.3.
2. Gensler’s tenure was marked by a hostile stance towards the crypto industry.
3. Starting the year at around $0.20, XRP surpassed $0.60 by year-end, marking a significant recovery from previous lows.
4. In fact, consistently beating the broader markets — in good times and bad — has been difficult over recent years for individual stocks and even cryptocurrencies.

How to read XRP candlestick data

It was created with the thought of being better than Bitcoin in terms of speed, cost, scalability, and so on. 80 billion of that supply was given to Ripple, while the remaining portion was distributed between founders. If you check out the XRP price chart above, you can notice the live XRP price. The XRP Ledger is unique in a way that it helps companies and developers to learn how to develop dApps and use programming languages such as Python, Java, JavaScript, and much more. Thus, the main difference between XRP Ledger and other networks is that rather than focusing on individuals, it focuses on developers and companies.

Readers should do their own research (also referred to as DYOR in the space), to make sure they know what they are investing in. Unlike most cryptocurrencies, the XRP Ledger does neither use the Proof-of-work nor Proof-of-stake consensus mechanisms. Instead, it utilizes a federated consensus algorithm, where network participants are known and trusted by other participants but aren’t rewarded to secure the network. Once validators reach consensus, a new immutable ledger version is created — instead of a block — and then validated. The XRP Ledger is a software powered by its own native digital currency called XRP.

We also use RCL to help our customers instantly fund their cryptocurrency wallets. XRP is a digital asset while Ripple refers to a company that created the Ripple Consensus Ledger. How, then, does the success of Ripple (the company) affect the price of the token XRP? This is a tricky one, and opinions on this topic tend to be split. There were 100 billion XRP units created at inception, an official number which will not increase or decrease according to its protocol. XRP was created prior to the founding of Ripple Labs, the company.

The report said the company may be preparing to launch RLUSD as early as December 4. The Ripple-linked XRP token briefly became the third most valuable cryptocurrency in the world on … Now that a judge has ruled XRP is not a security, its future looks promising with potential for broader adoption. This decision could pave the way for increased institutional interest and integration into mainstream financial services.

XRP uses Gateway as the link between any two parties wanting to make a transaction. It acts as the middleman that receives and sends currencies, maintains liquidity, and transfers payments on the network to public addresses. Anyone or any business can register and open a gateway and each currency on the ecosystem has its own gateway e.g. Just keep in mind that the XRP price is quite volatile, just like many other currencies in the crypto market.

1. The price of XRP didn’t really take off until midway through the year; after a brief jump to just over $0.02 per token in late March, the currency made rapid gains throughout late April and early May.
2. As long as cross-border payments remain a thing – and it looks like this is highly likely in the foreseeable future – XRP will probably keep on profiting from this trend.
3. The digital coin jumped 29 percent to an all-time high of $3.20 in afternoon trading, according to CoinMarketCap.
4. This includes traditional FIAT currencies, for example, dollars, yen, and euros, as well as for cryptocurrencies, and even commodities such as gold.
5. How, then, does the success of Ripple (the company) affect the price of the token XRP?

It’s essential to consider these factors before making any ripple highest price ever investment decisions. Ripple’s solid partnerships and focus on solving real-world cross-border payment challenges have positioned it as a potential disruptor in the financial industry. Whether Ripple (XRP) is a good investment depends on various factors, including individual risk tolerance, investment goals, and market conditions.