XRP
$2.18
Ripple (XRP) Price Today
The live price of Ripple is $2.18 USD.
In the past 24 hours, the trading volume of Ripple was $4.1B USD, with a change of -0.28%. The current live price of Ripple has changed by -5.02% from its 7-day high of $2.29 USD and by +6.99% from its 7-day low of $2.04 USD.
With a circulating supply of $99,986,232,255.00 XRP, the market cap of Ripple is currently $128.5B USD, marking a -1.50% change in the last 24 hours.
Ripple currently ranks 4 by market capitalization.
Ripple (XRP) Market Data
Market Cap
$127.5B
24h Volume
$4.1B
Circulating Supply
99.9B XRP
Maximum Supply
100B XRP
Fully Diluted Market Cap
$218.3B
Liquidity Indicator
3.24%
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About Ripple (XRP)
What Is XRP?
XRP is a digital asset built on the XRP Ledger (XRPL), an open-source blockchain designed to enable high-speed, low-cost transactions. XRP represents the transfer of value across the Ripple Network. Unlike Bitcoin, where new coins are created as rewards for miners who provide computing power to secure the network, Ripple minted 100 billion XRP coins at its inception.
Unlike Bitcoin and Ethereum, XRP was created specifically for global financial transactions, targeting institutions and enterprises instead of consumers. Ripple, the company behind XRP, uses it as the backbone of its payment platform, RippleNet, which facilitates cross-border transactions between financial institutions. XRP is pre-mined, with a capped supply of 100 billion tokens, a portion of which is held in escrow to maintain a predictable, stable supply.
XRP's value proposition lies in its ability to transfer value quickly, securely, and efficiently across borders, all while consuming minimal energy compared to its counterparts. Ripple uses XRP to provide liquidity and reduce costs for businesses, banks, and other financial entities engaged in international payments. When parties use different currencies or methods of transfer, Ripple acts as the intermediary with RippleNet (Ripple's Digital Payment Network). No physical money moves during the process. Instead, the transaction uses XRP that equals the value being sent. RippleNet charges a small fee in XRP. This fee is far smaller than fees from traditional networks like SWIFT.
Key Takeaways:
• XRP is the native cryptocurrency of the XRP Ledger, designed for fast, secure, and cost-effective global payments.
• Ripple uses XRP as a settlement layer to enhance cross-border financial transactions.
• XRP has a pre-mined supply of 100 billion tokens, with 55 billion locked in escrow.
• The network is highly energy-efficient, processing transactions far quicker and cheaper than Bitcoin or Ethereum.
• XRP leverages a unique consensus mechanism called Federated Consensus to validate transactions.
The History of XRP
Founded in 2004 as Ripplepay, Ripple is a fintech company based in San Francisco. From the beginning, its mission has been clear: to enhance legacy settlement systems for international transactions by providing cheaper and faster settlements.
XRP's development traces back to 2011 when Jed McCaleb, David Schwartz, and Arthur Britto began work on the XRP Ledger. Their goal was to create a blockchain that overcame the limitations of Bitcoin, particularly in speed, cost, and scalability. By 2012, they launched the XRP Ledger and its native token, XRP, to act as a bridge currency for faster, cheaper, and scalable financial transactions.
Ripple was initially called Opencoin, and it was founded by the original developers, with Chris Larsen joining shortly after. In 2013, Opencoin was rebranded to Ripple Labs, which later became simply Ripple. Ripple’s focus has always been on using XRP to solve real-world financial problems rather than serving as a tool for personal investments or consumer transactions.
In 2012, Ripple entered the crypto market with the launch of its native token, XRP, and soon after, it built RippleNet, a global payments network. RippleNet offers real-time gross settlements for financial institutions and provides tools that simplify and accelerate cross-border banking, making it more affordable and efficient than traditional transfer systems.
The XRP Ledger has always operated as an open-source platform, with Ripple providing the infrastructure and ongoing development. In 2020, the XRP Ledger Foundation was formed, securing additional support from Ripple and other businesses to maintain and advance the technology. This move ensures the continued development of the network independent of Ripple’s influence, providing more decentralized control.
Key Historical Points:
• XRP was created to overcome Bitcoin’s limitations in transaction speed and cost.
• Ripple Labs (formerly Opencoin) was founded in 2012, with the company evolving alongside the XRP Ledger.
• Ripple remains a key contributor to the XRP Ledger but does not own it.
• The XRP Ledger Foundation was created in 2020 to support the continued development of the platform.
What is XRP Ledger?
XRP operates on the XRP Ledger (XRPL), a decentralized blockchain that enables fast, efficient, and secure transactions. While Ripple uses XRP within its RippleNet platform for cross-border payments, XRP itself is not controlled by Ripple. It’s important to differentiate between the two. The XRP Ledger is an open-source project, meaning anyone can participate in its development and use, but Ripple is one of the significant contributors.
XRP is pre-mined, with 100 billion tokens in total supply. Of these, 55 billion are locked in escrow to ensure a stable release over time. The total circulating supply of XRP is carefully managed to avoid inflationary pressure. As XRP transactions occur, a small portion of each transaction is burned, ensuring that the currency remains deflationary.
The XRP Ledger’s consensus mechanism, known as Federated Consensus, allows it to verify transactions faster and more cost-effectively than proof-of-work blockchains like Bitcoin. This makes it ideal for institutions looking to send high volumes of transactions with low fees and fast confirmation times.
Key Features:
• XRP operates on a decentralized, open-source blockchain called the XRP Ledger.
• RippleNet uses XRP as a settlement layer for cross-border payments.
• XRP is deflationary, with a small amount burned during every transaction.
• The XRP Ledger uses Federated Consensus to achieve fast, low-cost, and energy-efficient transaction validation.
Where and How to Buy XRP?
Cryptocurrencies now mirror the stock market. Buying XRP joins many investment portfolios. Trading is about seizing price differences. Skilled traders buy spot when markets rise. They short futures when markets fall. This way profit flows whether the market is bullish or bearish. BingX makes trading simple and accessible for all. Trading is not about hoarding coins. Holding in a downturn can lead to losses. Many smaller cryptos risk low liquidity and hitting rock bottom in a bear market.
Investing on BingX is straightforward. The exchange charges low trading and handling fees. It offers futures copy trading and spot copy trading. You can invest in XRP without complex trading strategies.
Guide to Buying XRP
1. Create a BingX Account Visit the website or download the app. Register with your email, a secure password, and pass KYC.
2. Complete Security Settings Verify your email and phone. Enable two-factor authentication to secure your account.
3. Deposit Funds After Signing Up On-chain deposits cost far less than credit card transactions. You only pay a small fee for blockchain processing. BingX supports multiple networks, so you can choose the best option for you. For example, when depositing USDT via the TRC-20 protocol, regardless of the deposit size, you pay only a flat fee of $1 per deposit, which is highly affordable. Additionally, BingX supports other networks such as POLY, BEP, ERC, and more, giving you multiple options for cost-effective and secure deposits.
4. Buy XRP Spot or Derivatives Spot XRP means you can store the coins in your wallet. Capitalize on buying low and selling high. The biggest difference between XRP spot trading and derivatives lies in their nature: with spot trading, you purchase actual XRP tokens, store them in your wallet, and capitalize on buying low and selling high; with derivatives, you trade contracts that do not grant physical ownership, earning profits solely from the price differences between opening and closing your positions.
BingX offers two ways to buy spot XRP:
• Buy XRP directly on the BingX spot market.
• Use BingX P2P for direct peer-to-peer transactions.
BingX also offers two ways to trade derivatives:
• Trade XRP derivatives in the futures market.
• Trade in the Coin-M futures market with popular cryptos.
Trade smart. Invest wisely. Let BingX power your XRP journey.
How to Store XRP on BingX
Store XRP on BingX to benefit from robust security and seamless integration with trading. BingX uses advanced encryption and multi-factor authentication to protect your assets. Cold storage keeps a large portion of XRP safe from online threats. You get real-time account monitoring and easy access to your funds when you need them.
Key Advantages of Storing XRP on BingX:
• Enjoy strong security protocols and cold storage on BingX
• Access your XRP quickly for trading and investment
• Benefit from low fees and reliable account monitoring
• Seamless integration lets you trade without transferring funds
Store XRP on BingX and trade with confidence.
Are Ripple and XRP the Same?
No Ripple and XRP are not the same. They are often used interchangeably. Ripple is a company that offers a blockchain-based digital payment network. XRP is cryptocurrency that powers payments on that network. The XRP Ledger (XRPL) is the software where all XRP transactions are recorded.
Ripple has undergone several rebrandings to show shifts in ownership and direction. In 2023 Ripple acquired Metaco and Fortress Trust to enhance its services and improve customer experience. In 2024 Ripple expanded further by acquiring Standard Custody, a service aimed at institutional clients. Despite these changes, one constant remains the ticker symbol XRP. It is the native cryptocurrency of Ripple's ecosystem.
XRP vs. BTC: Similarities and Differences
XRP and Bitcoin are both cryptocurrencies, but their underlying technologies and use cases are fundamentally different. Bitcoin operates on a proof-of-work (PoW) consensus mechanism, where miners validate transactions by solving complex mathematical problems. This process requires immense energy and time, resulting in slower and more expensive transactions.
On the other hand, XRP utilizes Federated Consensus, where a trusted group of validators confirms transactions. This allows XRP to process transactions in mere seconds, with fees that are a fraction of Bitcoin's. XRP's scalability is also a major advantage, handling up to 1,500 transactions per second (TPS), compared to Bitcoin's much slower throughput.
In addition, XRP’s supply model is entirely different from Bitcoin's. While Bitcoin is mined, XRP is pre-mined, with the entire supply of 100 billion tokens created at launch. XRP's supply is carefully controlled with 55 billion tokens held in escrow, ensuring predictable and controlled inflation over time.
Key Differences:
• XRP uses Federated Consensus for faster, cheaper, and more energy-efficient transactions, while Bitcoin uses proof of work.
• XRP processes up to 1,500 transactions per second, far surpassing Bitcoin’s slower throughput.
• XRP is pre-mined, while Bitcoin is mined over time.
• XRP’s total supply is fixed at 100 billion, with 55 billion held in escrow.
Is XRP a Good Investment?
Investing in XRP, like any cryptocurrency, carries inherent risks due to market volatility. XRP’s value is subject to fluctuations based on adoption rates, legal challenges, and broader market conditions. Its role in cross-border payments through RippleNet is its primary use case, and Ripple’s efforts to promote XRP as a settlement layer for financial institutions give it long-term potential.
However, potential investors should consider the ongoing regulatory scrutiny XRP faces, particularly in the United States. Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) could have a significant impact on XRP's market value and adoption. Given the current uncertainties, XRP may be suitable for high-risk investors who are willing to accept price fluctuations and regulatory challenges.
Key Points:
• XRP has strong use cases in cross-border payments, especially through RippleNet.
• Legal uncertainties, particularly Ripple's battle with the SEC, could impact its price and adoption.
• XRP may be suitable for investors with a high-risk tolerance.
How Safe Is It to Invest in XRP?
XRP’s investment safety, like any cryptocurrency, depends largely on external factors such as market volatility and regulatory developments. XRP’s blockchain is secure, with transactions validated using Federated Consensus, which eliminates the need for mining and makes it less energy-intensive than many other cryptocurrencies. However, XRP is not immune to the risks associated with regulatory uncertainty. Ripple’s legal struggles with the SEC over whether XRP constitutes a security have introduced significant risk for investors.
Moreover, it’s important to store XRP securely. Hardware wallets and exchanges like BingX offer robust security measures, including multi-factor authentication and cold storage solutions. For maximum safety, users should follow best practices for crypto storage, including using secure, offline wallets and enabling account protections.
Safety Considerations:
• XRP’s blockchain is secure and validated using Federated Consensus.
• Legal risks, particularly ongoing regulatory challenges, could impact XRP's future.
• Secure storage practices, such as using hardware wallets and enabling multi-factor authentication, are essential for protecting investments.
Why Is XRP So Important?
XRP’s importance lies in its ability to improve cross-border payments, which traditionally involve slow, costly, and inefficient processes. XRP's speed, cost-effectiveness, and energy efficiency make it an ideal solution for businesses and financial institutions looking to streamline global transactions. By serving as a bridge currency, XRP enables seamless exchanges between different currencies, improving liquidity and reducing costs for financial entities.
Ripple’s use of XRP within RippleNet has positioned it as a central player in the financial services industry. Unlike Bitcoin, which is primarily used as a store of value, XRP was designed for real-world business applications, specifically targeting cross-border payment solutions. XRP’s utility in facilitating fast, low-cost transactions gives it a strong value proposition, especially for enterprises involved in international trade.
Key Reasons for Importance:
• XRP facilitates fast, low-cost global payments, reducing friction in cross-border transactions.
• XRP serves as a bridge currency within RippleNet, improving liquidity and reducing costs.
• XRP’s utility is focused on real-world business applications, particularly in international payments.
XRP's Bottom Line
XRP remains one of the top cryptocurrencies, with a strong focus on solving real-world financial challenges. Its speed, scalability, and efficiency make it a valuable asset in the world of cross-border payments. However, potential investors should remain cautious due to regulatory challenges, particularly Ripple’s ongoing legal battles with the SEC. XRP is best suited for those with a high-risk tolerance, as its market value is subject to fluctuations driven by regulatory decisions and market adoption.
Key Takeaways:
• XRP is a leading cryptocurrency in the cross-border payment space.
• XRP’s primary use case is in improving global financial transactions through RippleNet.
• Legal challenges and market volatility make XRP a high-risk investment.
Information source
Ripple (XRP) Price Converter
XRP to USD
1 XRP = $ 2.18
XRP to VND
1 XRP = ₫ 56,867.64
XRP to EUR
1 XRP = € 1.92
XRP to TWD
1 XRP = NT$ 71.00
XRP to IDR
1 XRP = Rp 36,766.35
XRP to PLN
1 XRP = zł 8.24
XRP to UZS
1 XRP = so'm 28,213.50
XRP to JPY
1 XRP = ￥ 313.74
XRP to RUB
1 XRP = ₽ 181.73
XRP to TRY
1 XRP = ₺ 83.92
XRP to THB
1 XRP = ฿ 73.08
XRP to UAH
1 XRP = ₴ 91.33
XRP to SAR
1 XRP = ر.س 8.19
How to Buy Ripple (XRP)
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.