XRP Price Hits $0.53 on Exchanges (XRP)

XRP (XRP) traded 1.7% lower against the dollar during the twenty-four hour period ending at 22:00 PM Eastern on May 26th. One XRP coin can now be bought for about $0.53 or 0.00000770 BTC on major exchanges. During the last week, XRP has traded up 3.9% against the dollar. XRP has a total market capitalization of $29.46 billion and $600.24 million worth of XRP was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

  • KILT Protocol (KILT) traded down 8.6% against the dollar and now trades at $0.27 or 0.00000398 BTC.
  • 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
  • Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 0% against the dollar and now trades at $0.0098 or 0.00000014 BTC.

XRP Profile

XRP (CRYPTO:XRP) uses the hashing algorithm. It launched on January 1st, 2013. XRP’s total supply is 99,987,593,568 coins and its circulating supply is 55,430,475,754 coins. XRP’s official Twitter account is @ripple and its Facebook page is accessible here. XRP’s official website is xrpl.org. The official message board for XRP is www.xrpchat.com. The Reddit community for XRP is https://reddit.com/r/ripple and the currency’s Github account can be viewed here.

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).”

Buying and Selling XRP

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

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