It’s been a wild ride for Ripple, that’s for sure! The graph above shows you the XRP price. XRP is the cryptocurrency developed by the Ripple company. You are able to adjust the graph to your liking. Would you like to take a closer look at the developments in a certain day, week, or year? Press one of the buttons or select a custom period yourself.

The XRP price can be quite volatile. Do you know that moment when your favorite football team is playing and you’re just gone for a second to use the restroom? Guaranteed that when you come back, it turns out you’ve missed two goals and an important penalty. Well, that’s how being in crypto can feel like from time to time as well.

XRP’s value is subject to change every second of the day. Unlike traditional stock markets, the world of crypto doesn’t know any opening or closing hours, which means the XRP price could change 24/7, 365 days a year.

If you would’ve bought 100 euros worth of XRP on January 1, 2017, and sold those same coins a year later on January 1, 2018… you would’ve gained 35,900 euros! Just a quick reminder why #FOMO is real.

• On September 28, 2013, XRP became available to the public at a price point of 0.0123 euros. Wow.

• A few months later, XRP’s value doubled. On December 18, 2014, it was already worth 0.0246 euros. Even though that’s not a jaw dropping amount it is a rapid increase!

• When 2017 came around, things started going real fast. At the beginning of the year, one XRP costs 0.0053 euros. A few months later, on May 17, XRP increased to 0.33 euros. That was a good time to buy Ripple.

  
   

That’s an easy to answer question: supply and demand. Buyers and sellers find each other on online international cryptocurrency exchanges. Is there more demand than supply on the market? Then the value increases. Of course this works the other way around as well; if the supply exceeds the demand for XRP, prices will drop.

Besides demand and supply, the Ripple company itself plays a big part in the XRP price as well. Unlike other coins like bitcoin or litecoin for example, XRP isn’t mined. The Ripple company is the one who releases new coins onto the market.

Ripple is mainly looking for solutions to speed up and improve (international) transactions between banks and other financial institutions. Ripple is constantly developing new products and it regularly enters into new partnerships.

When Ripple announces a new collaboration or a new product, prices are expected to rise. A good example is the announcement of Ripple’s new product xRapid in September 2018. When the news broke, the price doubled in just four days time.

In 2019, Ripple announced a partnership with MoneyGram; the price increased by a whopping 8.5 percent almost straight after.

If you would like to earn money with XRP, make sure to keep a close eye on the news!

We recommend you to only invest an amount you are willing to lose. The price of XRP is very volatile. You can earn a lot of money, but you could also lose it. At the same time, we believe that XRP is one of the most interesting investments you could do.

Therefore we recommend you to do your own research. Read news articles. View technical analyses. Discover how XRP works. And who knows, you may also help your friends and family with purchasing XRP!