Ripple （XRP）

Rank: A Risk: Low

Rating standard

AAA>AA>A

Excellent project with high value, Highly recommended

BBB>BB>B

Quality project with upper middle value, Normally recommended

CCC>CC>C

General project which have certain potential

DDD>DD>D

Low quality project with not much value, Not recommended

E

Fraud or scam project with no value, Strongly not recommended

Disclaimers

The source of information in this report is market disclosure information. Gyro Finance does not guarantee the accuracy, reliability or completeness of such information. It is used as a reference only and is not used as an investment guidance document. It does not constitute investment advice.

Overview

Project Name: Ripple

Established: February 2017

Registered address: N/A

Official website: https://ripple.com/

Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing global network, financial institutions can process their customer’s payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.

Community

Ripple has a large number of loyal fans since its establishment, with total number of fans over 1.3 million. Its community is highly active, it’s usually seen that fans discuss about Ripple development and XRP market fluctuations, but there are still a small number of advertisements within the community. Most social channels of Ripple have a higher level of interaction between the officials and fans, usually comes with fans’ positive reviews. Most of time the release of information from Ripple officials are project announcements, related event information and technology updates.

We have observed that Ripple’s block explorer does not have detailed statistics on holders’ address, so it is not much possible to analyze in detail about the effects of each address on the secondary market. Meanwhile, after going through the trading data from those exchanges, the analysis shows that the transaction distribution of XRP is relatively uniform.

Token Analysis

The current price of XRP is $0.470, it could dated back to August 2013 when XRP started trading at the secondary market, with the XRP price was $0.005874, according to the data from Coinmarketcap, says it has 80 times price rise since then. And its 24-hour trading volume ranks the fourth among all the cryptocurrencies.

Meanwhile, according to the data from Coinmarketcap at September 21, XRP ranks third among the cryptocurrency market cap, and it has been listed on 81 exchanges. The trading distribution is mainly concentrated in the top 10 exchanges, such as: Bitfinex, Upbit, Bitbank, Bithumb, and Binance.

From its market performance in the latest month, the price trend of XRP is in a state of volatility fall. But since the Ripple officially release its cooperation with PNC Bank on September 19th, the price of XRP has been affected in the past two days. This attention has also attracted a lot of money (about 7 times its trading volume on September 17th), which made the price of XRP rising more than 40% in the last two days.

Information disclosure

Ripple has been very active in various social channels. From the information it discloses, Ripple mainly releases about their activity information, technological progress, or top news.

Technological Progress ：Ripple-lib is a high-level JavaScript interface to the XRP Ledger. This version features a range of changes and improvements that make the library more capable and flexible. It includes new methods for accessing rippled APIs, including subscriptions.

Top News ：PNC Bank, a top ten bank in the United States, has joined RippleNet. PNC customers will be able to receive real-time cross-border payments.

In general, Ripple has partnered with more than 100 financial institutions around the world to provide real-time cross-border payment services, and it is currently a real-world application in the global financial sector in the blockchain industry.

Conclusion

As a financial payment project, Ripple is currently the world’s largest in the blockchain financial industry. More than 100 financial institutions have reached a strong credit endorsement with Ripple, even if there was a controversial problem of block loss about Ripple in the early days, and people are constantly recognizing the current developments and achievements of the project slowly.

In the past two days, the explosive growth of XRP in the secondary market also showed that XRP can make a good performance despite the current situation of the whole market. Its performance on the secondary market is good, and the disclosure information is relatively complete. The information disclosed by the Ripple is relatively complete and worthy of attention.

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