|1 XRP =||0.34210000 USD|
|1 XRP =||0.00005085 BTC|
Official website: https://ripple.com/
CEO: Brad Garlinghouse
XRP/ Ripple market cap/ live price: https://coinmarketcap.com/currencies/ripple/
What is XRP/ Ripple?
Ripple– ticker name XRP– is a cryptocurrency company that has been around longer than Bitcoin. While that’s hard to believe, Ripple was created in 2004 and only launched in 2012. Ripple is the developer of the Ripple payment protocol which is known for its speed, security, privacy, and liquidity. Ripple allows for the decentralization of any currency through its Ripple network.
Why is XRP/ Ripple surging?
Ripple continues to surge and create new all time highs; just recently, Ripple broke the $1 mark. The reason behind this surge is based on speculation and evidence– and of course the recent interest in cryptocurrencies as a whole. Ripple seems to be independent of “King of Cryptos”– Bitcoin– which means that when Bitcoin’s price falls, Ripple isn’t greatly affected unlike other coins. A major reason for the recent surge is the speculation that Ripple may be one of the coins that gets added to Coinbase in 2018. That would certainly give Ripple/ XRP more volume as Coinbase is one of leading coin exchanges in the world. Time will tell if that speculation is true.
How much did XRP/ Ripple increase in 2017?
Consider this: Ripple was at $0.0063 January 1, 2017, and according to Coinmarketcap.com, as of December 23rd, 2017, Ripple is trading at $1.12. That’s roughly 178 times increase.
How do you buy XRP/ Ripple?
Ripple is easy to buy. You’ll need a Coinbase account– sign up here and Coinbase will gift you $10 in Bitcoin. Once you get verified on Coinbase, buy Ethereum (ETH) with a debit or credit card (you’ll receive your ETH instantly if you use this payment method, as opposed to buying with your bank account which will take about a week). Then you’ll need to transfer your ETH to Binance, a leading coin exchange that supports XRP along with many other coins– sign up here. Once signed up for Binance, continue following the guide here.
Where can I store Ripple safely? What are some secure wallets that support Ripple? What is a good Ripple wallet?
The Ledger Nano S is a popular hardware wallet for cryptocurrencies and it supports Ripple/ XRP, you can find it on Amazon for $134.