Cryptocurrencies are attracting more and more investors, even though the sector is not yet regulated. In terms of cryptocurrencies, the choice is very wide. The best known is probably bitcoin, but there are others including the Ripple. Access to this market is very simple and there is no need for significant capital to invest in these cryptocurrencies. The analysis of course evolution is nevertheless essential.
Regarding the price of the Ripple, it is evolving and is currently experiencing a fairly substantial increase against the dollar and Bitcoin.
Ripple price in September 2017
After reaching the threshold of 10.80 INR, there was a decline in the price of the Ripple. In addition, it rose and stabilized at 11.11 INR. The evolution of the price of the Ripple goes in the right direction.
During the rise, the regressive trend stopped and the price ended at 11.24 INR. The price is now expected to rise gradually after it reaches 11.43 INR.
Ripple price in October 2017
After reaching 11.43 INR in September 2017, Ripple fluctuated to market trends and finally reached 37.78 INR.This sudden surge in XRP in October 2017 was due to a succession of good collaborations for the Ripple banking system, the interest of investors for altcoins and of course the decline of bitcoin on the markets in recent days.
Ripple price in November 2017
Ripple started from 36.83 INR and fluctuated over the weeks to finally reach at 48.49 INR
In end of November, the company behind Ripple(Ripple Labs) announced that Standard Chartered and Axis Bank were launching a new payment platform based on their technology. In November 2017, American Express had reported using Ripple's network to connect Santander's customers in Europe and the United States.
Ripple price in December 2017
Since the middle of the week, most crypto-currencies have undergone a slight market correction. Nothing violent but some investors unfortunately sold down what they had bought up.
Ripple had started of with 13.86 INR nad finally reached 113.4 INR which was a consolidated move following the BTC correction. In the coming months the price of XRP is determined to go up.
Price of Ripple in January 2018
Initial price on 1 January 2018 was INR 155.83 and then Ripple finally reached INR 72.55 on 31 January 2018.
Price of Ripple in February 2018
Starting off on 1 February 2018 at INR 61.22, Ripple was trading at INR 60.01 on 28 February 2018.
More About Ripple:
Ripple Consensus Ledger can handle 1,000 transactions per second and XRP payment channels allow transaction throughput to increase to tens of thousands of transactions per second, making scalability comparable to Visa.
XRP is not the main purpose of Ripple. Foreign currencies are at the center of the protocol. Ripple is a global settlement network.
Since Ripple is primarily a payment network, XRP will be used to make the network as healthy as possible, which will likely involve liquidity management with XRP.
Ripple technology is adopted by companies such as UniCredit, UBS or Santander and payment networks as a settlement infrastructure. The Ripple protocol thus integrates the banks existing networks and allows free exchange and transfer of funds.
WHAT IS RIPPLE (XRP)?
For starters, it's useful to look at Ripple as something completely different from Bitcoin. Ripple is a back-end infrastructure and not a consumer facing product. Ripple is not a currency. It's an open source, global exchange. Anyone can access it and everyone has the same right of use. Ripple, the company, does not control the network, does not collect fees or limit access.
Ripple is a distributed and real-time payment protocol for everything related to value. It is a shared public database, with an integrated distributed currency exchange, which functions as the world's first universal translator for money. Ripple is monetary agnostic and has a currency component integrated directly into the protocol. The Ripple protocol is designed to route each transaction to the cheapest price available on the market.
Ripple is the first functional blockchain in history. Despite an eventful start (problems of understanding between the founders, mistrust of investors due to the very important centralization of XRP at the Ripple Labs team), the project is very promising for financial institutions that want to benefit from the advantages of the registers protocols distributed. While Ethereum offers a range of near-endless but still-developing possibilities, the Ripple Labs team focused on a distributed registry model with one simple goal: to make international and cross-bank funds transfers. The concept of "gateway" is important because it is really interface between the banking world and that of cryptocurrencies and other blockchains / DLTs.