XRP Profile

XRP
 Crypto
  

USD 0.48  0.01  2.04%   

Market Performance
10 of 100
Odds Of Distress
Less than 36
XRP is trading at 0.48 as of the 3rd of October 2022, a -2.04 percent decrease since the beginning of the trading day. XRP has about a 36 percent probability of financial distress in the next few years of operation but had a somewhat ok performance during the last 90 days. Cryptocurrency ratings for XRP are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of September 2022 and ending today, the 3rd of October 2022. Click here to learn more.
XRP is peer-to-peer digital currency powered by the Blockchain technology. More on XRP
XRP is an internet market maker for p-to-p digital money denominated as Cryptocurrency. XRP has been active in the last 3 months, and it is currently trading with a bearish sentiment. Cryptocurrencies such as XRP are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as XRP are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

XRP Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. XRP's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding XRP or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
XRP is way too risky over 90 days horizon
XRP has some characteristics of a very speculative cryptocurrency
XRP appears to be risky and price may revert if volatility continues
Latest headline from www.forbes.com: Worse Than 2008Huge Fed Sledgehammer Coming For Bitcoin, Ethereum And Crypto Price - Forbes
Thematic IdeaUSD Crypto Fund (view all)
XRP is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 43 exchanges in multiple currencies. What is XRP?XRP is the native token of the XRP Ledger and positions itself as a “fast and green digital asset that was built “to be the most practical cryptocurrency for applications across the financial services space. It offers fast transaction settlements, can handle thousands of transactions per second, and relies on hundreds of validators on its network.The cryptocurrency aims to complement traditional payment methods, and allows regulated entities to follow strict money transmission laws. While more open blockchains like that of Bitcoin (BTC) allow anyone to contribute to the network and validate transactions, the XRP Ledger relies on approved validators.All 100 billion XRP were distributed when the cryptocurrency was created, with some of the tokens going to its creators, and other being sent out through gifts and giveaways. A large percentage of XRP’s supply is held in escrow.Who created XRP?Several individuals were involved in creating the technology behind XRP and the businesses that helped it grow to become one of the largest cryptocurrencies by market capitalization.Mt. Gox founder Jed McCaleb, Arthur Britto, and Chris Larsen are often credited for creating XRP. These three individuals have notable careers and were also the co-founders of OpenCoin, a fintech firm that rebranded to Ripple.Other notable individuals involved included Stefan Thomas, a Bitcoin Core contributor and former Ripple CTO, David Schwarz, co-author of the Ripple white paper, along with Arthur Britto.Ripple is one of the largest XRP Ledger players and is directly associated with the cryptocurrency. It plays a critical role in developing the XRP Ledger and its ecosystem.What is Ripple’s relation to XRP?Ripple is a for-profit company founded in 2012 under the name OpenCoin. OpenCoin rebranded to Ripple Labs in 2013, before settling on Ripple in 2015. The company’s involvement with XRP is “focused on building technology to help unleash new utility for XRP and global payments.Ripple promotes and uses the XRP token through its RippleNet product, which the company says offers connections to financial institutions worldwide and makes moving money “faster, cheaper and more reliable.RippleNet uses XRP to source liquidity for cross-border transactions. Its use eliminates the need to pre-fund accounts and is used by financial giants, including Santander, Bank of America, SBI Remit, Banco Rendimento, and others.Where can you buy XRP?The cryptocurrency is currently being traded on most top cryptocurrency exchanges, including Coinbase, Kraken, Bitfinex, Binance, and FTX. You can find out where to buy XRP on the cryptocurrency’s markets page on CryptoCompare.
Coin TypeXRP
Proof TypeXRP LCP
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissioned
Collateralized AssetNo
SymbolXRP
RatingC+
Technology Adoption RatingB-
Market Performance RatingD+
NameXRP
Sponsoredfalse
White PaperView
Is Tradingtrue
Asset Launch Date2013-01-01
Full NameXRP (XRP)
Asset Website Urlhttps://ripple.com/
Block Number74.71 Million
Platform Typeblockchain
Coin NameXRP
Total Coins Mined99.99 Billion

XRP Target Price Odds Analysis

What are XRP's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of XRP jumping above the current price in 90 days from now is about 1.02%. The XRP probability density function shows the probability of XRP crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon XRP has a beta of 0.0652. This entails as returns on the market go up, XRP average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding XRP will be expected to be much smaller as well. Additionally, the company has an alpha of 0.7361, implying that it can generate a 0.74 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 0.48HorizonTargetOdds Above 0.48
98.98%90 days
 0.48 
1.02%
Based on a normal probability distribution, the odds of XRP to move above the current price in 90 days from now is about 1.02 (This XRP probability density function shows the probability of XRP Crypto Coin to fall within a particular range of prices over 90 days) .

XRP Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. XRP market risk premium is the additional return an investor will receive from holding XRP long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in XRP. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although XRP's alpha and beta are two of the key measurements used to evaluate XRP's performance over the market, the standard measures of volatility play an important role as well.

XRP Technical Analysis

When it comes to investing in cryptocurrency, such as XRP, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of XRP, which is currently traded at 0.48, shows everything you need to know about XRP market value. You don't have to consider the fundamental factors that affect a crypto asset, such as XRP, to determine its price movements. However, the XRP's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so XRP's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project XRP's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. XRP Tanh Of Price Series is a hyperbolic price transformation function.
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XRP Against Markets

Picking the right benchmark for XRP crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in XRP crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for XRP is critical whether you are bullish or bearish towards XRP at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in XRP without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in XRP

You need to understand the risk of getting into digital currencies such as XRP before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in XRP in four ways:

Buy XRP through an exchange

Get yourself a crypto wallet before embarking on your XRP journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase XRP. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of XRP through an exchange

You don't have to buy a full token when starting out since XRP is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade XRP through a broker

If you don't want to store your XRP Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in XRP through an exchange-traded fund (ETF)

You can also invest in XRP through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having XRP in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Check out Your Current Watchlist. You can also try Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Other Tools for XRP Crypto Coin

When running XRP price analysis, check to measure XRP's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy XRP is operating at the current time. Most of XRP's value examination focuses on studying past and present price actions to predict the probability of XRP's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move XRP's coin price. Additionally, you may evaluate how adding XRP to your portfolios can decrease your overall portfolio volatility.
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