Ripple to Euro Price Today | XRP to Euro Live Chart

The current real-time price of Ripple (XRP) is €0.47, with a 24-hour price change of +9.07%. The current market capitalization of Ripple is €26,168,103,915. The 24-hour trading volume is €1,723,088,581, and the circulating supply is 55.5 million. The price of Ripple is updated in real time.

Historical Changes in Ripple to Euro Price

  • 24-hour change: +9.07%
  • 7-day change: +16.96%
  • 14-day change: +5.82%
  • 30-day change: +4.55%
  • 200-day change: -17.08%
  • 1-year change: +10.72%

Real-Time Ripple to Euro Price Chart

Historical High and Low Prices of Ripple to Euro

  • On January 07, 2018, the price of Ripple reached an all-time high of €2.82.
  • On August 16, 2013, the price of Ripple fell to an all-time low of €0.

Factors Influencing the Price Volatility of Ripple to Euro

1. Market Demand and Supply

  • Demand: The price will rise if more investors and financial institutions purchase XRP.
  • Supply: The price may fall if more XRP is sold off.

2. Market Sentiment

  • Investor Sentiment: News, social media, and market sentiment can significantly impact XRP’s price. For example, positive or negative news about Ripple Labs can influence investor behavior.
  • Market Volatility: The overall volatility of the cryptocurrency market also affects XRP’s price.

3. Regulatory Environment

  • Regulatory Changes: Changes in cryptocurrency regulatory policies by governments can affect XRP’s price. For example, legal actions by the U.S. Securities and Exchange Commission (SEC) against Ripple have significantly impacted XRP’s price.
  • Legal Issues: Legal issues related to Ripple Labs can cause market uncertainty and influence XRP’s price.

4. Technological Developments

  • Technical Updates: Technical updates and new product releases by Ripple Labs can boost market confidence in XRP.
  • Network Performance: Enhancements in the performance and security of the RippleNet network can also increase the market value of XRP.

5. Economic Factors

  • Macroeconomic Environment: Global economic conditions and market liquidity impact investor demand for XRP. For instance, during periods of economic instability, investors may turn to safe-haven assets.
  • Monetary Policy: Changes in monetary policies within the Eurozone and globally can affect the exchange rate of XRP to the Euro.

6. Adoption by Financial Institutions

  • Financial Institution Partnerships: Ripple’s partnerships with banks and financial institutions, as well as new agreements, positively impact XRP’s price.
  • Actual Use: The degree to which financial institutions use RippleNet and XRP affects its market value.

7. Competitive Landscape

  • Other Cryptocurrencies: The performance and innovations of other cryptocurrencies (e.g., Bitcoin and Ethereum) affect XRP’s price.
  • Alternative Technologies: Competitors introducing new technologies or platforms can negatively impact XRP’s market share and price.

8. Exchange Rate Fluctuations

  • Euro Exchange Rate: Changes in the exchange rate of the Euro against other major currencies (e.g., USD) can indirectly affect the XRP to Euro price.
  • Cross-Border Payment Demand: Changes in the demand for cross-border payments between the Eurozone and other regions can affect the market demand and price of XRP.

What is Ripple (XRP)?

Ripple is a blockchain-based digital currency designed to improve the efficiency of cross-border payments through fast and low-cost transactions. Unlike other cryptocurrencies like Bitcoin, Ripple primarily focuses on payments and settlement networks between financial institutions.

Features of Ripple

  • Fast Transactions: Ripple’s network can confirm transactions in seconds, much faster than traditional bank transfers.
  • Low Transaction Fees: Ripple’s transaction fees are very low compared to other payment systems.
  • High Scalability: Ripple’s network can handle a large number of transactions, processing about 1,500 transactions per second.
  • Decentralized: Although developed by Ripple Labs, the Ripple network is decentralized and not controlled by a single entity.
  • Partnership with Financial Institutions: Ripple aims to work with traditional financial institutions to improve the efficiency and speed of global payment systems.

Applications of Ripple

Ripple is primarily used for cross-border payments and remittances. Its network, RippleNet, allows banks and financial institutions to settle international payments in real-time, reducing the number of intermediary banks, thereby lowering costs and processing times. Many well-known banks and financial institutions have adopted RippleNet for cross-border payments.

Market Position of Ripple

Ripple holds a significant position in the global cryptocurrency market, often ranking in the top ten by market capitalization. It is widely traded as a cryptocurrency and is notable for its close partnerships with financial institutions.

Frequently Asked Questions About Ripple to Euro Price

How much is 1 Ripple (XRP) worth in Euro?

Currently, 1 Ripple (XRP) is worth approximately €0.47.

How much are 10 Ripple (XRP) worth in Euro?

Currently, 10 Ripple (XRP) are worth approximately €4.69.

How much are 100 Ripple (XRP) worth in Euro?

Currently, 100 Ripple (XRP) are worth approximately €46.95.

How much are 1,000 Ripple (XRP) worth in Euro?

Currently, 1,000 Ripple (XRP) are worth approximately €469.47.

How much Ripple (XRP) can 1 Euro buy?

At the current exchange rate, 1 Euro can buy approximately 2.13005702 XRP.

How much Ripple (XRP) can 100 Euros buy?

At the current exchange rate, 100 Euros can buy approximately 213.00570216 XRP.

How much Ripple (XRP) can 1,000 Euros buy?

At the current exchange rate, 1,000 Euros can buy approximately 2,130.05702163 XRP.

More About Ripple Euro Price

Official Websitehttps://ripple.com/

White Paperhttps://ripple.com/files/ripple_consensus_whitepaper.pdf

Blockchain Explorerhttps://xrpscan.com/

Source Codehttps://github.com/Ripple