Today's XRP Price and Market Data
- Current Price: $2.24 USD
- 24-Hour Trading Volume: $2,638,936,334 USD
- Market Capitalization: $132,228,450,038 USD
- Circulating Supply: 0 XRP (out of max supply: 99,985,968,138 XRP)
- 24-Hour Price Change: -1.85%
XRP remains a top-tier cryptocurrency with a strong focus on facilitating cross-border payments. Below, we explore its technology, use cases, and market dynamics.
What Is Ripple Cryptocurrency (XRP)?
XRP is the native digital asset of the Ripple network, designed to enable fast, low-cost international money transfers. Unlike traditional systems that rely on USD as an intermediary currency, XRP eliminates exchange fees and reduces settlement times from days to seconds.
Key Features:
- Instant Transactions: Processes payments in 3–5 seconds.
- Low Fees: Average transaction cost of $0.0002.
- Scalability: Handles 1,500+ transactions per second (TPS).
👉 Explore how XRP compares to other cryptocurrencies
Ripple vs. XRP: Clarifying the Difference
| Term | Description |
|---|---|
| Ripple | The company developing solutions (e.g., RippleNet) using XRP. |
| XRP Ledger | Decentralized blockchain technology powering XRP transactions. |
| XRP | The cryptocurrency itself, used for liquidity and value transfer. |
Historical Context:
- Ripple was originally named OpenCoin (2012) before rebranding.
- The XRP Ledger was previously called the Ripple Consensus Ledger (RCL).
Who Created XRP?
XRP’s development was led by:
- Jed McCaleb (Co-founder of Mt. Gox and Stellar).
- Chris Larsen (Fintech entrepreneur behind E-LOAN).
Unlike Bitcoin, XRP was pre-mined, with 100 billion tokens created at launch. Ripple releases 1 billion XRP monthly via escrow to fund operations.
XRP Supply and Economics
| Metric | Value |
|---|---|
| Max Supply | 99,985,968,138 XRP |
| Circulating Supply | 0 XRP (temporarily) |
| Market Cap | $132.23 billion USD |
Note: Ripple controls a portion of XRP’s supply to stabilize the market.
FAQs About XRP
1. Is XRP a good investment?
XRP offers utility in cross-border payments, but its value depends on adoption by financial institutions. Always conduct independent research before investing.
2. How does XRP differ from Bitcoin?
- Bitcoin: Decentralized store of value.
- XRP: Enterprise-focused payment solution.
3. Where can I buy XRP?
XRP is listed on major exchanges like Binance, Coinbase, and OKX.
👉 Check real-time XRP prices on OKX
4. What was the SEC lawsuit against Ripple?
The SEC alleged XRP was an unregistered security. A 2023 court ruling declared XRP not a security, boosting its price.
Conclusion
XRP combines speed, low costs, and regulatory clarity, making it a unique player in crypto. For updates, track its price and partnerships shaping the future of global payments.