XRP (XRP) Price Tops $0.56 on Exchanges

XRP (XRP) traded up 0.2% against the U.S. dollar during the 24 hour period ending at 0:00 AM Eastern on August 16th. XRP has a market capitalization of $31.65 billion and approximately $920.78 million worth of XRP was traded on exchanges in the last 24 hours. One XRP coin can now be purchased for $0.56 or 0.00000952 BTC on major exchanges. In the last seven days, XRP has traded down 4.3% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 3.8% against the dollar and now trades at $0.0136 or 0.00000023 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About XRP

XRP (CRYPTO:XRP) uses the hashing algorithm. Its genesis date was January 1st, 2013. XRP’s total supply is 99,987,342,059 coins and its circulating supply is 56,113,081,096 coins. The Reddit community for XRP is https://reddit.com/r/ripple and the currency’s Github account can be viewed here. The official message board for XRP is www.xrpchat.com. XRP’s official Twitter account is @ripple and its Facebook page is accessible here. XRP’s official website is xrpl.org.

According to CryptoCompare, “XRP is the native token of the XRP Ledger, a digital asset that aims to offer fast and green transactions, and to be a practical cryptocurrency for financial services. It can handle thousands of transactions per second, relies on hundreds of validators, and is designed to complement traditional payment methods. All 100 billion XRP were distributed at creation, with some going to its creators and others being sent out through gifts and giveaways. Ripple, a for-profit company founded in 2012, plays a critical role in developing the XRP Ledger and its ecosystem, and promotes the use of XRP through its RippleNet product, which offers connections to financial institutions worldwide and uses XRP for cross-border transactions. Notable individuals involved in creating XRP include Jed McCaleb, Arthur Britto, and Chris Larsen, who also co-founded OpenCoin (later rebranded as Ripple).”

XRP Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as XRP directly using U.S. dollars. Investors seeking to trade XRP should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy XRP using one of the exchanges listed above.

XRP/USD price chart by TradingView