Buy Ripple [XRP]
How to buy Ripple?
XRP can be bought in the following way:
XRP is among the top 10 digital assets by market capitalization, despite significant price fluctuations over the past few years. From a historical low of $0,0028 in July 2014, the price of XRP soared to a record high of $3,84 in January 2018, when the cryptocurrency market was in a bullish trend.
Price for Ripple
XRP was released in 2012 for $0,01. It didn’t succeed in skyrocketing popularity fast, falling as much as 70%. The first interest in XRP came at the end of 2013 when Ripple price surged a significant 850% in less than two weeks to almost $0.06. But a crash instantly followed this to $0,014.
After another drop below $0,01 at the end of 2014, there was a brief recovery to almost $0,03 before prices returned to below $0.01 again. After the two years of movements between $0,005 and 0,01, things got interesting in 2017.
In April, the market capitalization of XRP outdone $1 billion, and the next month, the Ripple XRP price jumped to $0,38. Then some corrections and changes followed until the price enormously rose in late 2017 and early 2018.
Over the month, XRP is up nearly 1,400% to hit a high of $3,61. The price of the ripple coin dropped again, and despite some fluctuations, it has not succeeded in breaking above $1 since then.
The price of ripple today is regulated by the balance on crypto exchanges and is still somewhat fluctuating. You can see all the changes in the XRP graph.
If you are interested in a more detailed XRP chart, go to our crypto exchange.
XRP price prediction
Everyone who considers investing in crypto has to be familiar with the Ripple value predictions. Professionals say that the cryptocurrency Ripple value may skyrocket in the coming years. As more new projects enter the market, many cryptocurrencies may retreat, leading to the price of XRP/USD growth.
Ripple is considered an instrument for a simple money transfer. Also, this platform is of value to banking institutions and can be used to make payments.
The rapid growth in the value of XRP began in May 2017. In just two months, the XRP price has grown 20 times.
The XRP creators refused mining and immediately issued 100 billion coins, each of which is divided into 1 million parts. They are called “drops”. For each transaction in the system, a commission of 0.00001 XRP is charged. These amounts subsequently “burn out”, which leads to a decrease in the number of monetary units. By its nature, XRP, like Bitcoin, is deflationary – ripple coin price tends to rise. Thus, in terms of XRP price prediction, the essential thing this digital currency should achieve is to return to its previous all-time high.
Recent Ripple price predictions says that the XRP has received support from significant investment funds and new partners who believe that the crypto asset price will improve significantly by 2022 by reaching $3,84.
The long-term XRP price forecast says that the asset’s value could trade in the $4 to $8 range. Although, most probably, its price will be at the midpoint.
What to do with Ripple
Is Ripple XRP a good investment?
Cryptocurrenciesare unstable, and XRP is no exception. If you suppose that XRP will start growing again, you can benefit from the investment. By the way, Ripple has a promising future. It can replace the old-fashioned global money transfer system with a high probability. So, instead of asking yourself whether you need to buy an XRP or not, do your own research and then make your conscious decision.
XRP can be stored in several ways:
- Paper wallets
This kind of wallet is rather outdated and vulnerable to phishing. In this case, you use the private key to send assets. You just type your password and recovery passphrases on paper and keep them in a safe place.
- Hardware wallets
This is a widespread storage method whereby hardware gadgets store the private keys and allow interaction with the wallet without revealing data. You can connect this device to your laptop, smartphone, or tablet to perform XRP transactions.
- Software wallets
They are the programs to keep your assets. Just be aware that they are criticized for low-security reasons, as most of them work over the internet.
- Cryptocurrency exchanges
Many exchanges that trade XRP will allow you to store your assets.
XRP may not be a game of chance for the faint of heart. Although, if you think it will be a winner as a payment system, you should buy Ripple. Just make sure it's a sum you can afford to lose.
You can use XRP to exchange between government currencies rather than directly exchange currencies through money transfer institutions. It is much faster and less costly than exchanging at the banks.
XRP is a well-known cryptocurrency with multiple purchase options. The main of them are centralized exchanges, P2P platforms, and crypto exchanges.
The XRP price today is $0.3762.