Ripple was originally issued in 2012 and sold for $0.05 each. Its price subsequently increased, peaking at $3.84 per coin in 2017. The price has since fluctuated widely, and as of March 2023, stood at $0.36 per coin. Factors affecting the price of XRP include cryptocurrency market trends, Ripple corporate developments, news and events, and regulation and litigation.
Initial price of XRP ##$0.05 each.
Price Rise
Over the ensuing years, Ripple’s price steadily increased, in large part due to its potential application as a cross-border payment . By December 2017, Ripple reached an all-time high of $3.84 per coin.
Price FluctuationSince then, the price of Ripple has been fluctuating. It is influenced by overall trends in the cryptocurrency market, but also by specific factors such as regulation and litigation.
Current Price
As of March 2023, the price of XRP is
$0.36 per coin. Although it has fallen from its all-time high, it is still higher than its original value.
Factors Affecting PriceThe price of Ripple is affected by the following factors:
Overall Trends in the Cryptocurrency Market
Ripple Development and AdoptionNews and Events- Regulation and Litigation
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