Cryptocurrencies-XRPEUR-Ripple / Euro

XRPEUR Ripple / Euro

0.4891 0 (0%)

About Ripple / Euro

This currency pair measures the value of the cryptocurrency Ripple (XRP) in Euros (EUR). Ripple is powered by a peer-to-peer network and was first introduced in 2012 by the private company responsible for the coin, Ripple Labs. The Euro was released in 2002 and serves as the official currency of the Eurozone group and the EU’s institutions. Trading the XRP vs. EUR currency pair: We suggest looking into the overall shifts in crypto trading, especially those that involve well-known coins. The press and regulation around this topic can also be relevant and informative. The value of Ripple is also influenced by the XRP acceptance levels, mainly with prominent financial organisations. The current Ripple network includes over 100 banks and other financial institutions, and as others join, the coin’s credibility levels rise and so can its price. The Euro is affected by decisions made by EU members and institutions, such as the European Central Bank and the European Commission. The UK’s Brexit plan, for instance, could affect the EUR price. Those of you who expect the value of the Ripple coin to rise against the Euro, may consider opening a long position and purchase more XRP, those who feel otherwise may consider opening a short term position and selling the coin. Learn more about this currency pair and trade XRP/EUR.
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