Overview of XRP (Ripple)
XRP is the native digital asset of the Ripple network, designed to facilitate fast and low-cost cross-border transactions. Launched in April 2011 by Ripple Labs, XRP has a total supply of 100 billion tokens.
Key Features of XRP
- Low Transaction Fees: Costs less than $0.01 per transaction.
- Fast Settlement: Transactions complete in seconds.
- Decentralized Exchange: Supports conversions between currencies (USD, EUR, JPY, BTC, etc.).
- Scalability: Handles 1,500 transactions per second.
Current Market Data (Latest Update)
- Price: $0.40325
- 24h Trading Volume: $448.02M
- Market Cap: $20.11B (Rank: #4)
- Circulating Supply: 49.86B XRP (49.86% of max supply)
- All-Time High: $3.842 (January 2018)
- All-Time Low: $0.002802 (July 2014)
Technical Advantages
- Energy Efficiency: Uses a consensus ledger, consuming negligible energy compared to proof-of-work systems.
- Institutional Adoption: Partnered with over 300 financial institutions worldwide.
- Liquidity Solutions: Acts as a bridge currency in RippleNet's On-Demand Liquidity service.
👉 Discover how institutions use XRP for cross-border payments
Frequently Asked Questions
What makes XRP different from Bitcoin?
While Bitcoin operates as decentralized digital gold, XRP is optimized for payment systems—offering faster transactions and lower fees for financial institutions.
How many XRP tokens exist?
The total supply is capped at 100 billion XRP, with approximately 49.86 billion currently in circulation.
Where can I buy XRP?
XRP is available on major cryptocurrency exchanges like OKX, Binance, and Coinbase.
👉 Start trading XRP with low fees today
Is XRP a good investment?
Like all cryptocurrencies, XRP carries volatility risks. However, its utility in global payments and strong institutional adoption present long-term potential. Always conduct your own research before investing.