Analysts noticed Ripple (XRP)’s 24 hours fall of -0.58%

June 15, 2018 - By Stephen Andrade

Ripple (XRP) had a bad 24 hours as the crypto declined $-0.00319999999999998 or -0.58% trading at $0.5476. According to Crypto Experts, Ripple (XRP) eyes $0.60236 target on the road to $1.41441103432365. XRP last traded at Cexio exchange. It had high of $0.5688 and low of $0.5215 for June 14-15. The open was $0.5508. About 60.04M XRP worth $33.02 million traded hands.

Ripple (XRP) is down -22.66% in the last 30 days from $0.708 per coin. Its down -35.84% in the last 100 days since when traded at $0.8535 and the annual trend is up. 200 days ago XRP traded at $0.247. XRP has 38.31 billion coins mined giving it $20.98B market cap. Ripple maximum coins available are 38.31B. XRP uses algorithm and proof type. It was started on 02/02/2013.

Ripple positions itself as a complement to, rather than a competitor with, Bitcoin – the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network – and as it is peer to peer – the network is resilient to systemic risk. Ripples aren’t mined – unlike bitcoin and its peers – but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There are 100 billion XRP at present.

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