Ripple to USD: chart and price

Ripple is more than just a coin. The developers have created a whole peer-to-peer network, which is actively used by banks. The growth of the coin during its existence was more than 10 000 percent.

Interesting facts

The creators of Ripple originally didn’t think about a separate coin. Their goal is a single payment system for instant money transfer anywhere in the world. Technically, the Ripple blockchain supports up to 70 thousand transactions per second and starts to compete against the largest payment system Visa.

Moreover, the commission for the transfer is negligible, so for 10 thousand transactions, the client will pay only a dollar. For comparison, the standard system of Bank transfers charges 2-3 dollars per transaction. Savings for both customers and the Bank itself is obvious.

Such giants as Union Credit, American Express, Mitsubishi and 40 other large companies use Ripple. The list of network users is expanding monthly. The XRP token is an equivalent that allows equating the currency to the current Ripple rate, transferring digital money to the recipient and cashing it out to fiat currency.

The coin is not a full-fledged means of payment, but due to the high speed, low commission and the lack of double-conversion during working with different national currencies, its value is constantly growing.

After the Bitcoin dump, when the digital gold rate sank by 5 times, Ripple was one of the few coins that survived the market reversal without global losses and capital outflow.

Ripple is related to coins with limited emission, but mining is unavailable. The developers released 100 billion XRP into the market immediately, and it was what caused the price of an asset of 5 cents at the beginning of the coin life cycle.

Since Ripple is impossible to mine, the only way to get it – by purchase. This makes the asset extremely attractive for traders, as the market is volatile and has good volatility.

The developers don’t plan to make a new issue of the coin, but make sure that the market is always present a sufficient number of coins. As of 2019, the turnover was 70 billion XRP, with all assets actively used for financial transactions.

Ripple is a trading coin, the only purpose of which is to accompany currency exchange operations. In this sense, trading is similar to Forex. It won’t be difficult for experienced traders to understand the peculiarities of the market and take advantage of high volatility to obtain super profits, which is just impossible on classical currency pairs.

What affects the price

Although Ripple has no direct connection with the Bitcoin, general market sentiment affect the price of the coins. Because of this, the coin is characterized by seasonal volatility. But a prolonged period of stagnation, as a rule, does not happen.

As Ripple actively integrates into a large business and international financial mechanisms, news about the plans of developers and successfully signed contracts are regularly released.

This information is enthusiastically received by investors and leads to capital inflows. Negative news and media attacks affect on the Ripple weaker than on other coins.

So at the end of 2018, there was information that Forbes CryptoMarkets believes that in circulation are all 100 billion coins and the system is not suitable for further growth.

But the practice of using XMR proved the opposite. The loud statement did not affect the course of the coin, and most users did not even pay attention to it.

Moreover, if the coins really will not be enough, they will begin to rise in price according to the law of supply and demand. This leads to the fact that in the next 10-15 years the rate of XMR can grow significantly. There are no prerequisites for its significant fall.

To make money on the coin, traders need to catch the peaks of decline in value caused by the depression in the cryptocurrency market and actively buy the ripple during these periods. In a couple of weeks, it can be sold with a margin of 80-200%.