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Ripple (XRP) is a cryptocurrency created for internal payments in the blockchain system. It is based on the RTGS protocol. This platform combines numerous services and different Internet platforms. The advantages of Ripple were appreciated by major international financial institutions. This is the Ripple target audience.
The main advantage of Ripple is an almost instant exchange of cryptocurrency for fiat money. Transactions with any currency are available on the Ripple’s blockchain network. However, Ripple is not a means of payment; its function is to conduct transactions on the network. XRP is highly scalable: the system can perform up to 1,000 transactions per second.
At the moment, the Ripple rate varies from $0.4436 to $0.4181. If you want to buy Ripple, look for this range of cryptocurrency value.
The XRP rate could reach 0.9179% against the US dollar (USD). The difference between the opening rate of Ripple and the closing rate of the cryptocurrency may be $0.004 at the end of the trading session. It could happen if by the beginning of the trading session the rate of the Ripple advances to $0.4372, and by its close, it drops to $0.4318. The maximum exchange rate of XRP/USD recently stood at $0.4436, and the minimum – at $0.4181.