XRP are the units of the new Ripple.com system.
Where can I find how much they're worth right now? Historic charts?
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XRP are the units of the new Ripple.com system. Where can I find how much they're worth right now? Historic charts? |
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Update 2: There are now more traditional price / volume charts: Update: The Ripple Ledger Explorer by melvster shows a graph of Ripple vs Bitcoin prices. It also shows recent ledger activity. Update: Ripple Orderbook and Charts by webr3 provides various bitstamp style charts and orderbooks for various XRP/xxx pairs. There is also a manually-updated list at: The discussion there also has a nice example of what an order book snapshot from the ripple client looks like, with headers. It is also reported that the #ripple-market irc channel at freenode.net is showing real-time trades via a "Streaming exchange feed for notable #ripple gateways" all trades. You can see it via A trade example looks like this:
I assume that means that the price for that transaction was 48,713 XRD per BTC, and I'm guessing that 730 XRD were traded at that price via bitstamp, but I haven't seen good documentation yet. Here is an example ASK report:
It seems that the code for ripplebot can be found at |
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Since the internal trade history will be public, I guess a service could be built to show price statistics. You would watch the prices of the most traded IOUs, presumably from gateways. Examples: wexUSD, wexBTC, wexEUR, etc. The site could have several tools to group several currencies of the same denomination (but different issuers) averaging by volume or something like that. It could be similar to bitcoincharts, but pulling the data from the ledger instead of the exchange's servers. I guess the core needs to be released first. |
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The orderbook (found inside the Ripple client once you're logged in and funded) does in fact show the price, it's just a huge spread and confusing UI that makes it difficult to understand now. Right now, the best bid is: 10BTC 10BTC 5,000.00000XR And the best ask is: 43,998.00000XRP 10BTC 10B Which means someone is proposing to buy BTC at the price of 5000 XRPs, and another person is offering to sell BTC at the price of 43,399.8 XRP. So, the spread is huge, but one can still say the "price" of 1 XRP right now is somewhere between 0.000002 and 0.0002 BTC |
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You can check Ripple (XRP) market chart at Bitcoincharts.com/market/Ripple |
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I'm sure prices will be established once Bitcoiners start buying them. |
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It will be worth different things to different people in different instances. There won't be any global price just like there isn't any global price for bitcoin. Multiple exchange rates exist on multiple exchanges. MtGox is just the biggest and thus often quoted. Some people are paying more some people are paying less than the MtGox rate. This creates opportunities for arbitrage. This only accounts for other currencies and not for example how many gallons of gas a bitcoin is worth. |
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