XRP Ledger (XRPL) is the open-source distributed ledger that is created by Ripple. The native cryptocurrency of the XRP Ledger is XRP. XRP is the native token and the ticker symbol of the XRP Ledger a. Mediator. There are many currencies that can't be converted directly to each other. For example, if you want to convert currency A to currency B, you will need to do a double conversion: Currency A to USD and USD to Currency B. In this case, USD is the mediator that acts as a global bridge that connects different fiat currencies from the originators to the beneficiaries. XRP holds the same role but it is much cheaper than USD. The cost of a transaction on the Ripple protocol is about 0.00001 XRP and currently, 1 XRP price is at ~$0.15, which would cost you next to nothing. The trading volume of XRP (XRP) is $994,087,859.56 in the last 24 hours, representing a -2.30% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for XRP (XRP) is $3.40 , which was recorded on Jan 07, 2018 (almost 6 years). Comparatively, the current price is -82.00% lower than the all-time high price. The lowest price paid for XRP (XRP) is $0.002686206662 , which was recorded on May 22, 2014 (over 9 years). Comparatively, the current price is 22,622.90% higher than the all-time low price. Market capitalization of XRP (XRP) is $32,837,420,469 and is ranked #5 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of XRP tokens (54 Billion tokens are tradable on the market today). The fully diluted valuation (FDV) of XRP (XRP) is $61,009,647,081 . This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Billion XRP tokens are in circulation today. Depending on how the emission schedule of XRP tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 80% of users are feeling good about XRP (XRP) today.
There are two schools of thought in determining the price of XRP.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of XRP, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of XRP from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of XRP on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for XRP as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for XRP and the cryptocurrency market as a whole.
2. What is the highest price of XRP in history?
XRP achieved the all-time high of $3.40 in 2018-01-07, and is currently trading at $0.67.
3. What is the lowest price of XRP in history?
In 2014-05-22, XRP reached the all-time low of $0.0027.
4. Should I buy XRP now?
It is important to remember that XRP, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.