The XRP Ledger (XRPL), a decentralized, open-source technology, was introduced in 2021. The XRP Ledger offers advantages such as low transaction costs ($0.0002 on average), quick settlement times (3-5 seconds), scalability (1,500 transactions per second), and intrinsically green characteristics (carbon-neutral and energy-efficient).
The first decentralized exchange (DEX) and unique tokenization functionalities are also included in the XRP Ledger technology. The XRP Ledger has successfully closed 70 million ledgers since its launch in 2012.
Today’s XRP Price
| DATE | XRP | USD |
|---|---|---|
| Today | 01 | $0.4692 USD |
XRP Price Prediction
During the last trading week of October, the price of XRP is giving out encouraging signs. Since Monday’s XRP price is up 4%, the bulls are mounting revenge following a weekend of downward price activity.
At the time of writing, the XRP price is $0.4671. The digital remittance token tested an upward trend channel that served as resistance in mid-September once again last week. On September 19, the bulls successfully broke through the resistance, and since then, all sell-offs have occurred amid rather light volume.
The directional bias is still bullish as long as the XRP price can maintain above the ascending trend channel. In the upcoming days, the bulls are likely to go for the 21-day simple moving average close to $0.50.
In the event that the bears break the swing lows at $0.42, the uptrend thesis could be proven false. A further slide toward the $0.39 liquidity level is a possibility if the breach takes place. The price of XRP would drop by 15% as a result of this action.
With a 24-hour trading volume of $1,742,156,117 USD, the current live XRP price is $0.469239 USD. Our XRP to USD exchange rate is constantly updated. XRP has increased by 0.85% during the past day. With a live market cap of $23,502,025,418 USD, CoinMarketCap currently ranks #6. It has a maximum supply of 100,000,000,000 XRP coins and a circulating supply of 50,085,407,159 XRP coins.
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