XRP to Pax Dollar correlation
XRP and USDP are not correlated to each other as XRP’s value depends on the supply and demand. Whereas, USDP is a stable coin which is backed by traditional fiats like the dollar and the euro. USDP’s value remains the same, which is $1 regardless of the market conditions. Hence, XRP and USDP do not share a strong relationship.
XRP Price Change and Market Cap
Currently, XRP price is 0$ and the 24-hour change is 0.00%. The market cap of XRP today is $0 with a total of 0 units in circulation. In the past 24 hours, XRP price peaked at 0$ and the least price was 0$.
XRP Price Prediction
Though XRP is not meant to be used as a means of payment, it has a strong community that made it join the top most valuable cryptocurrencies. XRP price hit an all-time high of $3.84 on January 4, 2018. The first quarter of 2020 was highly volatile. At the beginning of January, XRP price was $0.193131 and it grew dramatically in February to touch a peak of $0.336901. In the following weeks, XRP price fell dramatically and touched the lows of $0.132194 in March. Followed by this correction, XRP price increased at a steady pace and reached the price of $0.2 by June.
Analyses suggest that by 2025, XRP price will reach $4.50 or above. A few years ahead, in 2030, XRP price is expected to touch double digits and trade at around $20. Needless to say, the long-term predictions depend entirely on the adoption and regulations.
XRP Wallets
Looking for an XRP wallet?
We shortlisted a few for you. On Trezor, Coolwallet S and Exodus wallet you can track the live XRP prices and also instantly exchange XRP within the wallet through ChangeHero.
XRP to USDP exchange margin
The closing conversion rate for XRP to USDP yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 XRP to USDP would result in an output of 0$.
How to convert Ripple to Pax Dollar
XRP and Pax Dollar comparison
Pax Dollar belongs to a new domain of cryptocurrencies called stablecoins. Every USDP token is backed by the US Dollar at a 1:1 ratio which keeps its value equal to $1 regardless of the market conditions. The firm behind Pax Dollar publishes real-time data about the escrow accounts holding USD.
On the other hand, Ripple is a payment protocol which mostly enables payment settlement, remittances and exchanges. Ripple works closely with the traditional banks and functions more like SWIFT to enable fast and secure payments across the borders. Ripple is bridging blockchain with the financial institutions.
What is XRP?
XRP is the native cryptocurrency of the XRP Ledger (XRPL). It is an open-source decentralized network that is used to process cross-border transactions. XRP provides the on-demand liquidity (ODL) for remittances and XRPL can handle 1,500 transactions per second. XRP is released in the year 2012, XRP was pre-mined with a total supply of 100 Billion.
Ripple is supposedly the firm behind the development of XRP. RippleNet can also employ XRP for the liquidity in the processing of payments on the RippleNet. XRP is enterprise-focused and aims to bring the traditional financial institutions to adopt the blockchain technology. Despite the criticism over its decentralized status, XRP grew over the years to become one of the most popular cryptocurrencies.
Ripple to Pax Dollar price details
XRP to USDP Conversion Rate and Price
At the moment, the conversion rate for 1 XRP equals to 0$. The 24-hour highest price of Ripple in relation to USDP was 0$ and the lowest was 0$. In short, XRP price in relation to USDP changed by 0.00%.
Instantly Exchange XRP to USDP
On ChangeHero you can instantly exchange Ripple to Pax Dollar without registrations. You can easily convert XRP to USDP in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your XRP to USDP exchange.
XRP to USDP Best Rate Exchange
In the the Best Rate exchange of Ripple to Pax Dollar, we search through various exchanges for the XRP to USDP pair and find the best rate available in the market. We provide you with an estimation of the amount of USDP you will receive.
As soon as you accept the terms and the XRP is deposited, the exchange will be automatically processed. We remind you that the final amount of USDP you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of XRP to USDP.
XRP to USDP Fixed Rate Conversion
In the the Fixed Rate exchange of Ripple to Pax Dollar, ChangeHero finds a good rate for the pair XRP to USDP and fix the rate for up to 15 minutes. In the Best Rate exchange of XRP to USDP, you will receive the exact amount of USDP which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the specified USDP address. ChangeHero is the best place to exchange XRP to USDP fast and safe at the best rates.
Frequently asked questions
How long does it take to convert XRP to USDP?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange XRP to USDP?
No, you do not require an account to swap XRP to USDP on ChangeHero. There will be no registrations for your Ripple to Pax Dollar transaction.
Do I need to go through KYC procedures for XRP to USDP exchange?
There will be no KYC for the XRP to USDP exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange USDP to XRP?
Yes, you can instantly exchange USDP to XRP on ChangeHero.