XRP current price is $0.4668 with a marketcap of $21.32 B. Its price is 0.34% up in last 24 hours.


Buy / Sell Ripple
  • ripple
    XRP (XRP)
  • Live Price
    $0.4668
  • 24h %
    0.34%
  • Market Cap
    $21.32 B
  • Volume
    $2.48 B
  • Available Supply
    45.73 B XRP
  • Rank
    7

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More Info About Coin

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.

Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count.

Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon.

In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense.

XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.

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Technical Analysis

Twitter News Feed

ATTN Developers🚨 : in search of guidance on how to build a topology library for your software? Look no further – check out the one we developed for #RippleNet. https://on.ripple.com/2OwfeQs

Did you hear? #RippleNet is SOC 2 certified, demonstrating our capabilities of securely delivering software solutions fit for the modern world. Learn more about our commitment to digital security. http://on.ripple.com/3eeZnAe

Mobile money adoption is accelerating in #fintech. Can you guess how many #blockchain wallet users are estimated by 2030? Vote below👇 then check your answer in our blog: http://bit.ly/3e7jMr8

Ever wondered how Ripple got started? We've got you covered. Chris Larsen, co-founder of Ripple shares our story. Watch it here. http://www.youtube.com/watch?v=3zW_DN9pkbM&list=PLl-QsmXvjodqEVMX-h9FJJvvSA9aoo7hN

Last chance to register for the Women in Blockchain Panel Discussion on March 8. Hear from blockchain industry leaders Tal Rabin, Joelle Choo, Jocelyn Weber and Dr. Floran Syler-Woods. This is an event you won’t want to miss! #blockchain https://on.ripple.com/3qwrtKR

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