Volatility of the Ripple price
On this website you will find everything about the Ripple (XRP) price. Ripple is a cryptocurrency that has been around for a number of years. Ripple is also one of the most popular cryptocurrencies among investors and traders. The prices of most cryptocurrencies, and therefore also the ripple price, are very volatile. This high degree of volatility makes trading in Ripple promising, but also very risky. We have all heard of the huge price gains that have been achieved with the ever-rising Ripple price. But prices never just go up. A high degree of volatility works 2 ways and investors and traders in Ripple should take that into account. So, take advantage of the opportunities, but only with money you can afford to miss. Buy/sell Ripple
Buying cryptocurrencies can be done in different ways. Through specialized online dealers, the crypto coins can be purchased directly. For example, you can pay with iDeal or with bitcoins.
Ripple, but also a whole range of other cryptocurrencies, can easily be purchased through the Dutch company Bitvavo. A big advantage of Bitvavo is that the wallet is already integrated on the trading platform. So no difficult hassle with wallets and codes, but simply deposit money and start buying and selling Ripple and other cryptocurrencies. In addition, Bitvavo offers, for the more experienced cryptotraders, an advanced trading platform linked to the Bitvavo exchange. Read more in our Bitvavo review.
Bitvavo currently offers a nice advantage to new customers who sign up via this site. No transaction fees need to be paid over the first 1000 euros of traded cryptocurrencies.
A smart way to take advantage of the rising (but also the falling) Ripple price is to open an account with a cfd broker that offers cryptocurrency trading. An example of a good trusted cfd broker with a wide range of cryptocurrencies is Libertex*. This broker allows you to trade over 50 cryptocurrency and cryptocurrency pairs. At Libertex you trade using the CFD. This is a leveraged product. This means that every rise or fall of the Ripple price is reinforced by a factor X. Quite risky and therefore wise to first, free of charge and without obligation, practice with a demo account. Read more about Libertex in this Libertex review.
One of the world’s most famous crypto exchanges is Binance. Here you can trade in a huge number of well-known and lesser-known cryptocurrencies. At Binance, in addition to regular trading, it is also possible to trade with a leverage of up to 1:3. Read more about this margin trading and all the other features of the Binance platform in our Binance review.
Open your Binance account here and receive a 10% discount on the transaction fee for as long as you trade with Binance.
The more experienced and demanding trader can go to BitMEX. Bitmex is an international crypto exchange where traders, with a leverage of up to 1:100, can trade ripple and quite a few other cryptocurrencies. The movement of the cryptocurrency in question is then strengthened 100x. This greatly increases the profits, but of course also the losses. Risk management is therefore very important here. At Bitmex it is also possible to practice dry with a demo account. Read more in our BitMEX review or on the website of BitMEX. Ripple price – XRP price
The Ripple price has risen very sharply, especially in 2017. It is difficult to predict where ripple’s price will go in the short term. In the longer term, however, we are convinced of the added value of Ripple and of cryptocurrency in general.
Basic knowledge of Ripple (XRP)
The vast majority of crypto users entered the crypto world after hearing about Bitcoin. That’s not surprising, since BTC gets the most media attention.
Although it is still the largest and the most dominant crypto, Bitcoin is limited due to its inferior technology. Many projects have long surpassed it, with Ripple being one of the most talked about among them. What is Ripple?
Ripple or XRP is one of the largest cryptocurrencies in the crypto industry by market capitalization. It has been within the top 10 largest cryptocurrencies for years and is still very popular among crypto investors. Ripple is a self-developed cryptocurrency from a company called Ripple Labs, which created it and still manages the majority of XRP coins.
That’s why the community often criticized the project. They accused it of being centralized and even a scam. However, according to Ripple Labs, the coin can function and survive just fine without the company. They’re just the biggest holder of the coin right now, and that’s it. In short, the history of XRP.
When we talk about the history of XRP, we must remember that this is one of the oldest cryptocurrencies. It’s not older than Bitcoin, of course, but it’s older than most other cryptos, including Ethereum.
XRP was launched in 2012 by three co-founders – Chris Larsen, Arthur Britto and Jed McCaleb. In the years that followed, the project focused on developing into a cryptocurrency that would attract banks and financial institutions around the world.
It did this by developing unique products that use cryptocurrency to make instant transactions anywhere in the world. Eventually, this became RippleNet, which is currently used by hundreds of banks and financial institutions around the world.
Ripple became the main cryptocurrency for the entire “money transfer” industry and as such it ensured its own survival in the world where a crypto project can disappear in an extremely short period of time, should it lose its usefulness and popularity.
The Ripple price has never been as high as the price of Bitcoin. Also, it’s not a blockchain open to its community that can develop dApps or smart contracts on it, but it certainly became a vital part of the digital currency industry.
As mentioned, the biggest role of XRP right now is to serve as a tool for making remittances. It all works very simply. As you may know, international transactions usually take days or even longer in more extreme cases.
A lot of time is lost simply because the banks around the world are using old, slow technology and don’t trust each other. By partnering with Ripple, they both put their trust in the company, allowing it to guarantee the legitimacy of transactions. Meanwhile, they also use the company’s technology and coin for instant transactions of payments.
So if someone from the US wants to send a payment to someone in Japan, all they have to do is send the payment through their bank. The bank would then use Ripple’s technology to transfer the money to XRP and the money would arrive at its destination immediately. There it would be exchanged again in the recipient’s currency.
XRP is fast, scalable and extremely cheap to use. As such, it beats even major payment processors like Visa. It acts as a bridge between currencies and is distributed through the open source technology, created based on the principles of blockchain and controlled by a growing number of validators.
It has also proven its security and stability and it has never experienced censorship, reverse transactions or major operational problems.
Ripple is a cryptocurrency that will likely continue to exist for a long time to come, and as it looks now, it’s going to be a way for the banks to stay in the game without having to go full crypto. Of course, no one knows what the future holds and whether the financial world will become fully crypto at some point, or whether hybrid solutions like the combinations of banks and Ripple will dominate.