TRASTRA guide to XRP

A Complete TRASTRA’s Guide to Ripple (how to buy XRP, Ripple price prediction for 2023 and beyond)


Ripple (XRP) is a cryptocurrency that has been gaining popularity in recent years despite the current bear market and legal troubles. As of September 14, 2023, the current Ripple price is $0.48 USD. In this article, we will provide a complete TRASTRA’s guide to Ripple, including how to buy XRP and Ripple price predictions for 2023 and beyond.

Introduction to Ripple

Ripple is a cryptocurrency and global payments network that was first released in 2012. The goal of Ripple is to enable fast, seamless cross-border transactions between financial institutions like banks.

Unlike decentralized cryptocurrencies like Bitcoin, Ripple uses a consensus ledger that is validated by independent servers run by banks and other financial institutions. This allows for faster transaction times than a typical blockchain-based system.

The native cryptocurrency of the Ripple network is known as XRP. This acts as a bridge currency to facilitate exchanges between different fiat currencies and cryptocurrencies. For example, if a bank wanted to quickly convert between USD and EUR, they could use XRP as the intermediary currency.

Overall, Ripple aims to provide an efficient solution for cross-border payments and currency exchange. By leveraging its network of financial institutions, it has the potential to enable real-time settlement and reduce costs compared to traditional correspondent banking. The company behind Ripple continues to strike new partnerships, bringing more banks and payment providers into its network.

How does the Ripple protocol work?

Here is a summary of how the Ripple protocol works:

The Ripple protocol is based on a distributed ledger database known as the XRP Ledger. This ledger records transactions and balances of XRP, Ripple’s native cryptocurrency.

When someone wants to send money across the Ripple network, the transaction path is calculated using Ripple’s pathfinding algorithm. This finds the quickest and most efficient path by considering factors like fees and currency conversion rates.

The sender’s balance is debited and the destination balance is credited atomically through a process called Payment Channels. These channels allow the transfer to go through quickly without requiring consensus across the entire network.

To validate transactions, Ripple uses a consensus protocol rather than mining like in Bitcoin. A network of independent validation servers constantly compares their transaction records. If there is consensus, the transaction is confirmed in 3-5 seconds.

The validators are primarily financial institutions, banks and payment providers who have a vested interest in maintaining an accurate ledger. This allows Ripple to operate without proof-of-work and have faster settlement times.

Overall, these features allow the Ripple protocol to facilitate global, near-instant transactions at a fraction of the cost of traditional banking infrastructure. The network leverages trust and validation from financial institutions to securely transfer value across borders.

XRP Trading: Price Performance History

In early 2017, XRP was trading at less than $0.01 per token. It reached an all-time high of around $3.84 in early January 2018. In 2019, XRP’s price fluctuated between around $0.25 and $0.50 for much of the year before dropping to around $0.20 by the end of the year. In 2020, XRP’s price remained relatively stable in the first half of the year, hovering between around $0.15 and $0.25. However, in December 2020, the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against Ripple, causing XRP’s price to drop sharply, falling to around $0.17 by the end of the year.

In 2021, XRP’s price fluctuated, reaching a high of around $1.96 in April before dropping. In Q1 2023, XRP experienced a price spike, which contributed to a 42.5% YTD increase in its circulating market cap. In Q2 2023, XRP’s price nearly returned to its yearly high set in late March after a drop in early May. A pivotal moment occurred on July 13, when a court ruling affirmed that XRP is not a security, marking a significant win for Ripple. Following the favorable court ruling, the price of XRP experienced a significant rally, increasing by 100% and reaching $0.965 in July. However, the price faced uncertainty due to the possibility of the SEC appealing the court’s decision. As of September 12, 2023, XRP’s price was around $0.49.

Based on various price predictions, XRP’s price could reach between $0.55 and $1.50 by the end of 2023. However, it’s important to note that these predictions are subject to change due to market sentiment, overall cryptocurrency trends, and regulatory developments.

Factors affecting Ripple price

Here are some of the key factors that affect Ripple’s XRP token price:

Cryptocurrency market conditions

Like most cryptocurrencies, XRP often follows broader market trends. When the crypto market is bullish, XRP tends to rise along with other altcoins. Market crashes lead to XRP declines.

Mainstream adoption

Ripple aims for mass adoption by banks and financial institutions. Major partnerships or use cases driving increased utility and demand for XRP can boost its price.

Regulatory clarity

The ongoing SEC lawsuit alleging XRP is an unregistered security has weighed heavily on its price. Resolution of this case and clearer regulations could allow a surge.


Many other cryptos aim to be a fast, low-cost cross-border payment solution like Ripple. Adoption of alternatives like Stellar could negatively impact XRP demand.

Development activity

Improvements to Ripple’s technology that increase its scalability and transaction speed can improve utility and drive prices higher.


Like other cryptos, large XRP holders (“whales”) can manipulate prices through coordinated buy/sell walls. Increased whale activity tends to create volatility.

Media hype

Speculative fervor and “hype” drummed up by crypto influencers/advocates can increase speculative demand and XRP prices, at least in the short term.

How to buy XRP on TRASTRA 

To buy XRP on TRASTRA, follow these steps:

1. Create an account on if you haven’t already
2. Verify your identity by providing the required documents and information
3. Top up your TRASTRA account with EUR using a credit/debit card, bank transfer, or SEPA transfer
4. Once your account is funded, click on the “Exchange Funds” button
5. Select XRP as the cryptocurrency you want to purchase
6. Choose EUR as the currency you want to exchange for XRP
7. Enter the amount of XRP you want to buy and confirm the transaction

After completing these steps, the XRP will be credited to your TRASTRA XRP wallet. You can then use your TRASTRA-issued Visa debit card to spend your XRP or withdraw it to an external wallet.


What is Ripple?

Ripple is a blockchain-based digital payment protocol designed to facilitate fast, seamless cross-border transactions between financial institutions. Its native cryptocurrency is called XRP.

How does Ripple work?

The Ripple protocol uses a consensus ledger validated by independent servers to process transactions. This allows settlements in 3-5 seconds without mining. The network leverages trust between financial institutions.

What is XRP used for?

A: XRP is the cryptocurrency that runs on the Ripple network. It acts as a bridge currency between fiat currencies and a payment source for transaction fees on the network.

What drives XRP’s price?

XRP’s price is driven by factors like cryptocurrency market conditions, mainstream adoption, regulatory outlook, competition, and development activity. Media hype can also influence short-term speculative price movements.

How do I buy XRP?

You can buy XRP on exchanges like Trastra by creating an account, depositing funds, and placing an order for XRP using either a market or limit order. Be sure to withdraw to a secure XRP wallet.

What is Trastra?

Trastra is a cryptocurrency exchange that allows easy buying and selling of major cryptocurrencies like XRP using fiat currencies. It has a user-friendly interface suited for beginners.

Is Ripple a good investment?

Ripple has useful real-world applications but also regulatory uncertainty. It could potentially have major upside if adopted at scale but remains a somewhat speculative investment with risk. Do your own research before investing.

What is the forecast for Ripple’s price in 2023 and beyond?

Analyst predictions vary widely. However, if regulatory issues are resolved and enterprise adoption grows, XRP could potentially reach new highs above its $3.84 all-time record in the coming years.

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