Ripple price monthly 2017-2019

Ripple is a cryptocurrency valued at 0.19 U.S. dollars per coin, or XRP at the end of December 2019. This is down from a peak of 2.28 U.S. dollars per XRP at the end of 2017. Ripple’s value has been under a dollar per coin for over a year, with little indication of increase.


What is Ripple?


Ripple, in addition to being a cryptocurrency, is also a payment system. Unlike other cryptocurrencies, it does not use blockchain. Instead of this distributed ledger technology, it uses a common ledger that multiple users have access to, trading the security of the number of ledgers in existence for faster transaction times. While the XRP is not one of the most known cryptocurrencies, the company has raised a significant amount of funding.


Other cryptocurrencies


Blockchain, digital security, and financial technology (fintech) are growing areas of investment. The initial coin offering (ICO) has become a common way of raising funds for startup companies worldwide. The question for Ripple and other such companies is whether or not it can differentiate itself from the crowd. The industry is likely to continue growing, but in the long run probably only a few major firms will win the majority of market share.

Price of Ripple from March 2017 to December 2019

Price in U.S. dollars
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Source

Release date

January 2020

Region

Worldwide

Survey time period

March 2017 to December 2019

Supplementary notes

End of month close prices.

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