The Beginner’s Guide to Ripple

The Beginner’s Guide to Ripple

Ripple is a real-time gross settlement protocol, currency exchange and remittance network. Ripple Labs, the company developing Ripple, seeks to revitalize bank interoperability by providing an interledger infrastructure (xCurrent), a liquidity layer for fiat currencies (XRP-powered xRapid), and an API to access these services (xVia)

Ripple Labs

Before we can understand Ripple, we first need to talk about the company behind it. Originally branded as OpenCoin, Ripple Labs is a software company based in San Francisco.

The idea of a decentralized monetary system came to Ryan Fugger back in 2004. He later built the first iteration of the system, In 2011 Ryan left the project and handed it over to Jed McCaleb and Chris Larsen, who co-founded OpenCoin in 2012. In 2015 the company was renamed to Ripple Labs, Inc.

Ripple Labs has three major projects: xCurrent, xRapid, and xVia, which combined together form the Ripple ecosystem powered by RippleNet, a network of banks and financial institutions. RippleNet nodes establish consensus over the network via Ripple Protocol Consensus Algorithm.


xCurrent allows banks to instantly settle cross-border transactions in highly-liquid fiat pairs like USD/EUR or USD/JPY. xCurrent is built around the Interledger Protocol (ILP), an open, neutral protocol which connects different ledgers and payment systems. xCurrent provides an automated process that ensures all payments are properly tracked and accounted for. xCurrent consists of four components:


The xCurrent messenger is a bidirectional messaging API that lets banks communicate prior to initiating the transaction and exchange essential information such as KYC and risk information, fees, payment details and expected time of funds delivery. If information is missing or incorrect, the parties will not know it in advance.

ILP ledger

ILP ledger is a subledger of each transacting bank’s ledger. It monitors credits, debits and liquidity across the transacting banks to make sure the transaction is possible. ILP ledger provides atomicity to the system, meaning transactions are either settled instantly or not at all. Atomicity removes any settlement risk because the payment either processes entirely or fails upfront.


Validator confirms the success or failure of the transaction using cryptography. Validator coordinates the movement of funds across ILP ledgers, removes all settlement risks and minimizes delays in delivery. Validator provides the single source of truth for the transacting parties while preserving the privacy of their information. A bank can run its own Validator or rely on a Validator run by the transacting counterparty.

FX ticker

FX ticker helps convert fiat currencies in an efficient manner. FX ticker facilitates the exchange of funds between currencies.

'xCurrent helps banks settle transactions in a matter of seconds'

For more information, read the official xCurrent product overview.


… and its asset XRP

xRapid is Ripple’s solution for value transfer in low-liquidity fiat pairs. It seeks to minimize liquidity costs and improve customer experience.

xRapid relieves banks from the necessity of having pre-funded accounts in developing countries. xRapid utilizes its own asset, XRP, and a distributed ledger, the XRP ledger, to serve as a source of liquidity for any fiat pair.

The XRP ledger acts as a transitional liquidity layer between two fiat currencies. A typical xRapid transaction takes about four seconds to process and includes four steps:

  • sender initiates and confirms a transaction in Currency A from Country X,
  • funds in Currency A are converted to XRP,
  • funds in XRP are converted to Currency B,
  • receiver in Country Y receives funds in Currency B.

'XRP acts as the source of liquidity'


xVia is an API that ties the Ripple ecosystem together. Using xVia, companies will be able to connect to RippleNet and send payments across various networks around the globe in an instant.

xVia does not need installation and works like a browser extension. xVia is in its development stage.


  • XRPs cannot be mined as the entire supply of 100 billion XRP was pre-minted. Ripple Labs is said by various sources to own more than half of it.
  • Ripple Labs does not own RippleNet, and it can operate without the company.
  • Jed McCaleb left Ripple Labs in 2013 and co-founded Stellar, a distributed payments infrastructure.
  • Ripple is often criticized for its centralized structure which relies on trusted validators.
  • Many doubt the necessity of the XRP token as an integral element of the network.
  • XRP is currently the third crypto asset by market capitalization.
  • In January 2018 XRP set all-time-high at $3.4.
  • A transaction in XRP costs 0.00001 XRP.
  • Ripple’s official partners include UniCredit, UBS, Santander.
  • Massachusetts Institute of Technology is one of the validators on RippleNet.
  • xRapid went in commercial production on October 1, 2018.


Official Ripple website

Official Ripple news

Developer center



Technical info

ILP website

Interledger paper

Ripple Protocol Consensus Algorithm







What is Ripple?


How to buy XRP



Why XRP will grow in value

XRP explorer


0.2911 USD -2.68%
0.00005534 BTC 0.75%
Volume, 24h
560,280,875 USD
12,299,054,258 USD

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XRP Price Analysis: XRP/USD Remains Bearish, Targets $0.27 Level

Coinspeaker XRP Price Analysis: XRP/USD Remains Bearish, Targets $0.27 LevelKey Highlights:The Bears are still in control of the XRP market;the Bears’ pressure may push the XRP price down to $0.27 demand level;the pullback is inevitable in the XRP market.XRP/USD Price Medium-term Trend: BearishSupply levels: $0.30, $0.31, $0.32 Demand levels: $0.29, $0.28, $0.27XRP/USD is bearish on the medium-term outlook. XRP/USD was ranging within the descending channel a few days ago. As it was predicted, the supply level of $0.32 holds and the Bears’ pressure increased; this is clearly seen on the 4-hour chart with the formation of big strong bearish candle that penetrated former demand levels of $31, $30 levels and the price reached $29 on April 24.The Bulls opposed the decrease in price and pushed the coin up to a range within $0.30 and $0.29 levels. Yesterday, the Bears gained enough momentum and pushed the XRP price down to $0.27 level. Today, the market opened with a strong bullish candle that returns the price to $0.29 level.The crypto is already trading below the 21 periods EMA and 50 periods EMA. The Stochastic Oscillator period 14 is at 40 levels with the signal lines pointing up to indicate a buy signal.Should the Bears maintain or increase their pressure the coin will remain bearish and it may have its target at the previous low of $0.27 level in a case $0.29 and $0.28 does not hold.XRP/USD Price Short-term Trend: BearishXRP/USD is bearish on the short-term. The Bears breakout at the lower trend line of the channel and the former demand level of $0.31 placed the XRP price at the low of $0.29 on April 24 with the massive bearish candle.The interruption of the Bears by the Bulls resulted in the consolidation of the price within the range of $0.30 and $0.29 price level. The battles continued between the Bulls and the Bears. As a moment, the coin is at $0.29 level.The Stochastic Oscillator period 14 is at 70 and the signal lines bending down to connote sell signal and a further decrease in XRP price.XRP Price Analysis: XRP/USD Remains Bearish, Targets $0.27 Level

Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco

The market saw prices of most major cryptocurrencies soar earlier this week. However, the weekend has led to a new turn of events as coins are now being dragged into bearish territory. Among the top-10 coins, the five cryptocurrencies that saw the biggest fall were Stellar Lumens [XLM], EOS, Cardano [ADA], XRP, and Litecoin [LTC]. The fall in prices was a result of the Bitfinex-Tether fiasco. New York State’s Attorney General’s [NYAG] office revealed that iFinex, the company behind the crypto-exchange Bifinex, may be violating New York Law. This announcement was in relation to activities that “may have defrauded” local investors who trade in cryptocurrencies. Stellar Lumens [XLM] Source: Trading View Stellar Lumens [XLM] was valued at $0.1158 on April 20 and fell by 14.68% over the week. At press time, the coin was valued at $0.0990 with a market cap of $1.88 billion. The 24-hour trading volume was noted to be $276 million, as the coin fell by 4.50% over the past day and continued to dip by 0.43% within the past hour. EOS Source: Trading View EOS, at the beginning of the week was valued at $5.47, after which it fell by 13.97% over the past seven days. At press time, the coin was valued at $4.70, with a market cap of $4.43 billion. The 24-hour trading volume of the coin was $2.62 billion as it fell by 1.91% over the past day. The coin, at press time, was falling by 0.14% and failed to recover. Cardano [ADA] Source: Trading View Cardano [ADA] fell by 13.41% over the week, which resulted in its price falling from $0.0769 to $0.0690. The market cap of the coin was reported to be $1.78 billion and the 24-hour trading volume was $108 million. Over the past 24-hours, the coin fell by 4.47% and continued to fall by 1.35% within the past hour. XRP Source: Trading View At the beginning of the week, XRP was valued at $0.3325, after which it slipped by 11.88% and, at press time, was valued at $0.2929. The market cap of the coin was noted to be $12.30 billion and the trading volume of the coin was $1.36 billion. XRP fell by 2.49% over the past day and by 0.50% over the past hour. Litecoin [LTC]  Source: Trading View Litecoin [LTC] noted a fall of 10.79% over the past week, which reduced the price of LTC from $81.33 to $72.64. The market cap of the coin was $4.46 billion with a 24-hour trading volume of $3.15 billion. The price of the coin fell by 0.77% over the past 24-hours and by 0.94% within an hour. The post Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco appeared first on AMBCrypto.

As XRP underperforms Ripple and CTO David Schwartz sell-off holdings

Within the last 30-days, bitcoin has gained 29 percent and the crypto markets overall have appreciated 22.5 percent. In contrast, XRP underperformed with losses of 7 percent while Ripple and its CTO David Schwartz have continued to sell-off their holdings. BTC/XRP—Relative Market Analysis On Apr. 1st, bitcoin experienced a spectacular rally that brought its price up from $4,100 to $5,000, and for the last three weeks, the price has seemingly remained stable above that mark. XRP/BTC year-to-date on CoinMarketCap Prior to BTC’s rally, during the trough of the bear market, XRP was one of the best-performing assets. From Sep. 1st, 2018 to Jan. 1st, 2019 XRP appreciated 6.7 percent. Over that same period, BTC lost a staggering 47.1 percent of its value. XRP/BTC September to January on CoinMarketCap This change in value is reflected in the dominance of XRP relative to BTC. During that period, XRP climbed from 5.8 to 11.5 percent market dominance, even surpassing Ethereum as the number two cryptocurrency by market cap. Sep. 2018 to Jan. 2019 BTC and XRP dominance on CoinMarketCap However, now that the bulls have returned it seems the tides have turned. XRP is now underperforming compared to its peers, especially BTC. Expanding Circulating Supply Puts Pressure on Price One area of concern for XRP holders is the downward price pressure resulting from Ripple and its associates regularly selling XRP. Ripple owns roughly 58 billion of the 100 billion XRP in existence. If holdings from insiders such as CEO Brad Garlinghouse, co-founders Jed McCaleb and Chris Larsen, and CTO David Schwartz are included in the calculation the figure is even higher. A more detailed analysis of these holdings is available here. In Ripple’s Q1, 2019 report, the company posted $62 million in institutional sales and $107 million in exchange sales for a total sales of $169 million, 563 million XRP at current prices. Ripple increased its sales of XRP (in USD value) by 31.3 percent from Q4, 2018. David Schwartz also contributed to these growing sales. Schwartz started regularly selling his XRP holdings in April of 2017 and has continued at an increasing pace to the present day. His wallet currently holds 3.16 million XRP worth $923,000 at current prices. Since the beginning of 2019, Schwartz sold 2.8 million XRP worth roughly $810,000. Schwartz explained the transactions as “de-risking” after renewed scrutiny from the community: This is still the case. Still sticking to the de-risking strategy my wife and I agreed to when we agreed to put our own money into cryptos. What helped me not to be so sad selling during the bull run was thinking how happy I'd be if I regretted my decision, but it still hurt. 1/2 — David Schwartz (@JoelKatz) April 21, 2019 Considering Schwartz likely has a large percentage of his assets tied to Ripple stock and XRP, it makes sense that he is diversifying: If you think about it, circumstances have put my wife and I into a situation where we have way more risk than it would make any rational sense for us to have. There's nothing we can really fundamentally do about it. All my eggs are in one basket, but I do like the basket. — David Schwartz (@JoelKatz) April 22, 2019 Yet, even though the amount pales in comparison to the company’s sales it still contributes to the expanding supply. Some within the Ripple community also voiced concerns that the sales represented a lack of confidence in XRP’s potential to appreciate in price. David Schwartz’s XRP wallet That said, Ripple and its employees have been relatively transparent about the regular sale of these coins. Previously, Ripple voluntarily put the majority of its holdings into smart contract-based escrow to guarantee holders that the asset wouldn’t be dumped. Whether other insiders are liquidating large amounts of XRP is unclear. Relatively Low Liquidity and Trading Volume XRP’s growing circulating supply is problematic for holders who are hoping for the value of the token to grow. These problems are compounded by the exchange metrics surrounding the crypto. The impact of these regular sales on XRP’s price and exacerbated by its relatively low trading volume. XRP has consistently had a lower trading volume than both bitcoin and ether. At $1.2 billion in 24-hour volume, XRP’s current trading volume represents less than 1/12th of BTC’s and 1/5th of ETH’s. Limited trading volume usually translates to lower liquidity, and lower liquidity means that supply increases have an even larger impact on price. Although XRP has been making astonishing progress for the technologies it is developing for banks, including Xpring and RippleNet, these could raise concerns. With these factors in mind, it is possible that other cryptos yield better returns. The post As XRP underperforms Ripple and CTO David Schwartz sell-off holdings appeared first on CryptoSlate.

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