How do I track my XRP transfer?

Before beginning with the topic of our blog, we will give you a quick overview of the basics if you are new to crypto trading. Ripple is a blockchain network protocol that executes digital payments and it has its cryptocurrency known as XRP.

In this blog, we will discuss How long does Ripple take to transfer and other additional details for the traders.

How long does it take to transfer XRP between wallets?

If you are wondering How long does Ripple take to transfer? Then your answer is the time taken by a transaction to get complete on Ripple is usually five to seven seconds. The amount of the transaction doesn’t matter because even the minimum amount required to execute a transaction also gets executed in this short period of time. But if your transaction has not been approved then it could have happened due to the following reasons:

• There is a possibility that the transaction fees you are paying are minimum and the blockchain network is also congested, during the time you were making the payment.
• The transaction you have made is not yet delivered to the network. Wait for some time for it to reach the network.
• And the last reason might be that the blockchain network has approved your transaction already but the XRP transaction tracker used by you has not updated the pending status of your transaction.

Recent XRP News

As per the research, there has been a case filed recently in the Securities Exchange Commission of the US. The case was filed to seal the records of Ripple from the general public, but as per the recent judgment of the Court the said has been denied stating that the records will not be sealed as it is necessary to maintain the transparency among the investors and the blockchain. Though if you need to view the detailed description of the case then please refer to the official case law website.

XRP transfer fee 

The next question that arises in the mind of the investor after How long does Ripple take to transfer is how much it charges for a transaction to execute. Compared to the other average market fees that are being charged by the blockchain networks the minimum charged fee of Ripple is much lower. The minimum transaction fee required to be paid is 0.00001 XRP. There might be some increase in these charged fees if there is a high transaction load on the blockchain. Though this transaction cost is not the same for all types of transactions. There might be some changes in the fee depending on the type of transaction. You can view the complete list of its fee structure by visiting the official website.

Some Additional Details of XRP

In this section of the blog, we will discuss some other details that might seem basic to you but are still important for investors or traders to know. The very first thing that you should be aware of is the XRP transaction speed. So, the answer to this question is that 1,500 XRP transactions per second can be handled by this blockchain network.

The next question that should arise in your mind is what is the XRP price currently. Hence as of now the price of XRP in US Dollars is 0.45 USD. But remember that this is not a fixed price. There can be some fluctuations in the price when you decide to purchase it. These fluctuations depend upon the demand for XRP. The higher demand will lead to increased prices and vice versa. So these are some details that you should know after you get to know about How long does ripple take to transfer the time period.

Summing it up

We hope that in today’s blog on How long does Ripple take to transfer answers all the questions that have arisen in your mind. In case of any further doubt, search on the official website for the answers.