XRP (XRP)

  • ripple
    XRP (XRP)
  • Live Price
    $0.731
  • 24h %
    2.31%
  • Market Cap
    $33.87 B
  • Volume
    $2.99 B
  • Available Supply
    46.31 B XRP
  • Rank
    6

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XRP has a marketcap of $33.87 B. Its price is 2.31% up in last 24 hours.


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.


Ripple Twitter News Feed

Hey #Devs! 📣 The first-ever #XRPL developer conference is September 29-30 — learn all about the Apex 2021 event that we're cohosting with @XRPLF here. https://ripple.com/insights/apex-2021-the-xrp-ledger-developer-event/

#XRP uses less energy than both the dollar and credit cards.

In our #BlockStars podcast episode, hear about the #sustainability of different #cryptocurrencies and how #XRP stacks up. https://on.ripple.com/3lgjn9s

[email protected], @AshGoBlue and @s_alderoty discuss the latest #XRPL updates, the power of digital acceleration, and the latest on U.S. #crypto regulations in our first Ripple Drop episode of 2021. Dive in: https://on.ripple.com/37byuIY

The Data Engineering team is expanding, which means increased frequency changes to our data pipeline source code – resulting in better, more configurable, and more collaborative tooling that enforces software engineering best practices. Learn more: https://on.ripple.com/3BX4Cy1

With #RippleNet's On-Demand Liquidity, you can:

🔹 Eliminate the need for pre-funding accounts
🔹 Send payments instantly around the world
🔹 Get best-in-market pricing on exchange rates

Explore #ODL to learn how it can help free up your working capital. https://on.ripple.com/2V6CFTN

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