Learn what Ripple is in one article

Ripple (XRP) is a digital currency used for fast, low-cost cross-border payments and asset tokenization. It is issued by US-based Ripple Labs Inc. but is itself decentralized and not controlled by any country.

Ripple: A look at its nature and origins

What is Ripple?

Ripple (XRP) is a digital cryptocurrency used for cross-border payments and asset tokenization. What makes it unique is its speed, low fees and integration with traditional financial institutions.

Which country does Ripple belong to?

Ripple is issued by a company called Ripple Labs Inc. in California, USA. However, Ripple itself is decentralized and not controlled by any country or central authority.

XRP price up 1.23%

As of 13:00 on September 29, 2024, the price of XRP is $0.592, with a 24-hour trading volume of $1.147 billion.

Recent Changes

XRP has increased by 1.23% in the past 24 hours, factors driving the price may be:

• On the numbers Growing demand for assets
• XRP’s continued adoption in decentralized finance (DeFi)

Future trend analysis

Analysis Technical indicators, such as the relative strength index (RSI) and moving averages (MA), suggest that the short-term trend for XRP remains bullish.

Action Recommendations

Investors may consider holding or accumulating XRP at the current relatively low price point.

Short Term Forecast

In the short term, the price of XRP is likely to continue to rise, possibly topping $0.60.

Indicators

• Price: $0.592
• 24-hour trading volume: $1.147 billion
• Circulation market capitalization: 3350 Billions
• Circulating supply: 56,564,039,920 XRP
• Maximum supply: 100,000,000,000

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