Ripple XRP Analysis
Ripple XRP Price December 12
Highlights – Ripple XRP Price December 12:
- Previous Close 0.222
- Open 0.222
- Day’s Range 0.219 – 0.223
- 52 Week Range 0.2070 – 0.5055
- Start Date 2013-08-04
- Algorithm N/A
- Market Cap 9.5B
- Circulating Supply 43.31B
- Max Supply N/A
- Volume 1281595392
- Volume (24hr) 1.28B
- Volume (24hr) All Currencies 1.28B
Today for Ripple XRP was moderated with a low change of -1.03%.
Ends the day at a price lower than the one it had started. That is, the price at 00:00 UTC was $ 0.22290 and ends the day with the price of $ 0.22300.
0.2198-0.0023 (-1.03%) As of 11:32PM GMT. Market open.
Ripple is a digital payment or a remittance network created in order to establish an instant transfer of funds across the globe. Ripple operates on an open-source peer-to-peer decentralized platform that records all the transactions in the network. The native cryptocurrency of the Ripple network is also called as Ripple and abbreviated by XRP.
Ripple was co-founded by Jed McCaleb and Chris Larsen and was released in 2012. Ripple facilitates the seamless transfer of money by connecting banks, payment providers, corporates and digital asset exchanges through the RippleNet. The Ripple XRP tokens provide banks and other financial institutions an on-demand solution to sources liquidity for instant global transfers.
As the Ripple network is based on blockchain technology it allows for low-cost global funds transfers just in a matter of few seconds. The Ripple’s distributed ledger XRP makes use of a consensus protocol that allows for payments and exchanges to take place in a distributed process.
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.
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