XRP (XRP)XRP
$0.347437
-0.35%
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XRP (XRP)
XRP Price
$0.347437
-0.35%
Rank
#6
Market Cap (24H)
$17.57B -0.35%
Volume (24H)
$1.18B -10.77%
Circulating Supply
50,563,767,827
Transp. Vol.
Grade
| 1H | 1D | 1W | 1M | 1Y |
|---|---|---|---|---|
| -0.35% |
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XRP
USD
| Website | https://ripple.com/ |
|---|---|
| Community | |
XRP is the native digital asset of the Ripple platform. Ripple aims to connect banks and payment providers to provide a
...Read more
XRP Daily Performance
Today's XRP price is $0.347437, which is down <1% over the last 24 hours. XRP's market cap is $17.57B. 24 hour XRP volume is $1.18B. It has a market cap rank of 6 with a circulating supply of 50,563,767,827 and max supply of 100,000,000,000. XRP is traded on exchanges. XRP had an all-time high of $2.7589 almost 5 years ago. Over the last day, XRP has had 0% transparent volume and has been trading on 3,197 active markets with its highest volume trading pairs being .
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XRP Statistics
| XRP Price (24hr) | $0.347437 (-0.35%) |
|---|---|
| Market Cap | $17.57B (-0.35%) |
| Trading Volume (24hr) | $1.18B (-10.77%) |
Transparent Vol. (24hr) | Unknown |
| Transparency Grade | Unknown |
| Circulating Supply | 50,563,767,827 (50.56%) |
| All-Time High | $2.7589-87.41% |
7D Price Prediction | $0.338838 |
Price
$0.347437
Price Change
-$0.001208(-0.35%)
All-Time High
$2.7589
Date of ATH
Days Since ATH
% of ATH12.59%
Price vs ATH
Market Cap
$17.57B
Mkt Cap Change
-$61.07M-$61,065,500(-0.35%)
Mkt Cap Rank6
Mkt Dominance
Mkt Dominance
Circulating Supply
50,563,767,827
Max Supply100,000,000,000
% in Circulation50.56%
% in Circulation
About XRP
XRP is the native digital asset of the Ripple platform. Ripple aims to connect banks and payment providers to provide a frictionless experience for sending and receiving money globally. It was originally designed as a day-to-day payment system, to speed up and reduce the costs of transactions, and provide a mediatory currency for exchanges and conversions with minimum commission.
Software developer Ryan Fugger founded the original Ripple project in 2004. The core idea behind the protocol was a peer-to-peer trust network of financial relations that would replace banks. Based on the premise that money is simply a bank’s promise of value, he aimed to create a monetary system where the promise of an individual held just as much weight. His concept was launched in 2005 as RipplePay, a financial service allowing users to extend credit lines to friends and family and make secure payments in traditional and online currencies.
In 2012, Jed McCaleb, an American programmer and entrepreneur, along with Chris Larsen, an angel investor and startup executive, approached Ryan with a digital currency idea. Jed had been working on a digital currency system in which transactions were verified by consensus among members of the network. After discussions, Ryan handed over the reins to Jed and Chris, who co-founded the corporation OpenCoin, to develop the Ripple protocol (RTXP) and the Ripple payment and exchange network. The company later changed its name to Ripple Labs. The Ripple platform is similar to Ethereum in that it has its a native currency (XRP) but is also open-source, allowing users to build their own assets and products on top of the existing platform. Ripple uses its proprietary patented technology, the ‘Ripple protocol consensus algorithm’ (RPCA), to verify transactions. It is argued that XRP is not technically a cryptocurrency because it is controlled by one company and transactions are processed by its network of approved validators. Ripple released its XRP token in January 2013. Like traditional cryptocurrencies, it is based on a public chain of cryptographic signatures. The company initially set the supply of XRP at 100 billion of which 80 billion tokens were allocated to the company and 20 billion were given to the three founders. On June 13, 2016, Ripple obtained a virtual currency license from the New York State Department of Financial Services, making it the fourth company with a BitLicense. XRP enhances Ripple’s software by acting as a bridge between traditional fiat currencies, providing liquidity and speeding up cross-border transactions; however, it is not essential to the network and doesn’t have to be used. RippleNet is what Ripple calls the network of financial institutions using its products. There are three core segments: xCurrent for processing payments, xRapid to source liquidity, and xVia to connect to the network and send payments.
Currency Name
XRP
Symbol
XRP
Website
Block Explorer
Twitter
XRP Markets
(Top 10)
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XRP Historical Data
(Past 7 Days)
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Frequently Asked Questions
What’s the current XRP price? How much is 1 XRP worth?
The price of 1
XRP
is
$0.347437.
Over the last 24 hours, a
XRP
is worth
-0.35%
less
.
Visit our
page to convert
XRP
prices to currencies other than
USD
.
When did XRP start?
The earliest trading data for
XRP
is
on
May
of
2013
(based on current exchange data).
How high can the XRP price go?
XRP
’s price has gone as high as
$2.7589
(which is
XRP
’s all-time high). It achieved this price
almost 5 years ago
. Speculations abound for how high
XRP
’s price will get in the future.
Today's XRP / XRP News for January 5, 2023
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