Published by Sep 22, 2023
Ripple - or XRP - prices surged in 2021, but went down significantly as 2022 progressed. As of September 21, 2023, one XRP token was worth 0.52 U.S. dollars. Ethereum's price, for example, kept on reaching new all-time highs, a feat not performed by XRP. Indeed, XRP's more price spikes followed relatively late - only occurring in early 2021, against late 2020 for most other cryptos - after the US SEC filed a legal complaint against Ripple in November 2020. This legal action caused the XRP price to plummet from around 0.70 U.S. dollars to 0.20 U.S. dollars.
Ripple versus XRP: two become one
Technically speaking, Ripple is not a cryptocurrency. Renamed from a protocol called OpenCoin in 2013, Ripple facilitates open-source payments. XRP, on the other hand, is the cryptocurrency that runs on this network. In that sense, Ripple and XRP have a similar symbiosis to each other like the Ethereum network and its cryptocurrency Ether. Unlike Ethereum - whose price changes are connected to the world of Decentralized Finance or DeFI - Ripple/XRP mostly looks at developments on cross-border payments for companies. In 2020, companies worldwide began to favor fintech solutions for future B2B solutions and, in a way, Ripple is an extension of that.
What affects the price of Ripple?
Ripple is mostly active in Southeast Asia - a region with a splintered payment landscape and that heavily investigates its own types of state-issued cryptocurrency to make cross-border payments a lot easier. Price spikes tend to follow after news on this topic in this specific region. In 2019, for example, the XRP price grew after Japan and South Korea began testing to reduce time and costs for transferring international funds between the two countries. In March 2021, Ripple announced that it had agreed to acquire 40 percent of Malaysian cross-border payments firm Tranglo to meet growing demand in Southeast Asia.
Ripple (XRP) price per day from Aug 2013 - Sep 21, 2023 (in U.S. dollars)
Characteristic | Price in U.S. dollars |
---|---|
Sep 21, 2023 | 0.52 |
Sep 20, 2023 | 0.51 |
Sep 19, 2023 | 0.5 |
Sep 18, 2023 | 0.49 |
Sep 17, 2023 | 0.5 |
Sep 16, 2023 | 0.5 |
Sep 15, 2023 | 0.49 |
Sep 14, 2023 | 0.48 |
Sep 13, 2023 | 0.48 |
Sep 12, 2023 | 0.47 |
Sep 11, 2023 | 0.5 |
Sep 10, 2023 | 0.5 |
Sep 09, 2023 | 0.5 |
Sep 08, 2023 | 0.5 |
Sep 07, 2023 | 0.5 |
Sep 06, 2023 | 0.51 |
Sep 05, 2023 | 0.51 |
Sep 04, 2023 | 0.5 |
Sep 03, 2023 | 0.5 |
Sep 02, 2023 | 0.5 |
Sep 01, 2023 | 0.51 |
Aug 2023 | 0.53 |
Jul 2023 | 0.7 |
Jun 2023 | 0.47 |
May 2023 | 0.52 |
Apr 2023 | 0.48 |
Mar 2023 | 0.54 |
Feb 2023 | 0.38 |
Jan 2023 | 0.4 |
Dec 2022 | 0.35 |
Nov 2022 | 0.4 |
Oct 2022 | 0.46 |
Sep 2022 | 0.49 |
Aug 2022 | 0.33 |
Jul 2022 | 0.39 |
Jun 2022 | 0.33 |
May 2022 | 0.42 |
Apr 2022 | 0.61 |
Mar 2022 | 0.86 |
Feb 2022 | 0.72 |
Jan 2022 | 0.6 |
Dec 2021 | 0.84 |
Nov 2021 | 0.99 |
Oct 2021 | 1.08 |
Sep 2021 | 0.93 |
Aug 2021 | 1.11 |
Jul 2021 | 0.75 |
Jun 2021 | 0.71 |
May 2021 | 0.91 |
Apr 2021 | 1.4 |
Mar 2021 | 0.57 |
Feb 2021 | 0.44 |
Jan 2021 | 0.43 |
Dec 2020 | 0.21 |
Nov 2020 | 0.61 |
Oct 2020 | 0.24 |
Sep 2020 | 0.24 |
Aug 2020 | 0.28 |
Jul 2020 | 0.24 |
Jun 2020 | 0.18 |
May 2020 | 0.21 |
Apr 2020 | 0.23 |
Mar 2020 | 0.17 |
Feb 2020 | 0.24 |
Jan 2020 | 0.24 |
Dec 2019 | 0.19 |
Nov 2019 | 0.23 |
Oct 2019 | 0.3 |
Sep 2019 | 0.24 |
Aug 2019 | 0.26 |
Jul 2019 | 0.32 |
Jun 2019 | 0.43 |
May 2019 | 0.42 |
Apr 2019 | 0.29 |
Mar 2019 | 0.31 |
Feb 2019 | 0.31 |
Jan 2019 | 0.32 |
Dec 2018 | 0.36 |
Nov 2018 | 0.38 |
Oct 2018 | 0.45 |
Sep 2018 | 0.57 |
Aug 2018 | 0.34 |
Jul 2018 | 0.45 |
Jun 2018 | 0.45 |
May 2018 | 0.61 |
Apr 2018 | 0.87 |
Mar 2018 | 0.51 |
Feb 2018 | 0.95 |
Jan 2018 | 1.14 |
Dec 2017 | 2.28 |
Nov 2017 | 0.25 |
Oct 2017 | 0.2 |
Sep 2017 | 0.2 |
Aug 2017 | 0.25 |
Jul 2017 | 0.17 |
Jun 2017 | 0.26 |
May 2017 | 0.25 |
Apr 2017 | 0.05 |
Mar 2017 | 0.02 |
Feb 2017 | 0.01 |
Jan 2017 | 0.01 |
Dec 2016 | 0.01 |
Nov 2016 | 0.01 |
Oct 2016 | 0.01 |
Sep 2016 | 0.01 |
Aug 2016 | 0.01 |
Jul 2016 | 0.01 |
Jun 2016 | 0.01 |
May 2016 | 0.01 |
Apr 2016 | 0.01 |
Mar 2016 | 0.01 |
Feb 2016 | 0.01 |
Jan 2016 | 0.01 |
Dec 2015 | 0.01 |
Nov 2015 | 0 |
Oct 2015 | 0 |
Sep 2015 | 0.01 |
Aug 2015 | 0.01 |
Jul 2015 | 0.01 |
Jun 2015 | 0.01 |
May 2015 | 0.01 |
Apr 2015 | 0.01 |
Mar 2015 | 0.01 |
Feb 2015 | 0.01 |
Jan 2015 | 0.01 |
Dec 2014 | 0.02 |
Nov 2014 | 0.01 |
Oct 2014 | 0 |
Sep 2014 | 0 |
Aug 2014 | 0 |
Jul 2014 | 0.01 |
Jun 2014 | 0 |
May 2014 | 0 |
Apr 2014 | 0.01 |
Mar 2014 | 0.01 |
Feb 2014 | 0.01 |
Jan 2014 | 0.02 |
Dec 2013 | 0.03 |
Nov 2013 | 0.04 |
Oct 2013 | 0.01 |
Sep 2013 | 0.01 |
Aug 2013 | 0.01 |
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