$2.55T
Total marketcap
$46.32B
Total volume
BTC 51.83%     ETH 14.62%
Dominance
XRP

XRP XRP Price

$0.5197 -0.992%
  • BTC 0.0000077
  • ETH 0.0002

XRP Price chart

Sorry, that's all we've gotfor now...

Statistics

XRP Price $0.5197 All-time high $3.4 Days since ATH 2324
Price change -$0.005 (-0.992%) Date of ATH Jan 7, 2018 % of ATH -84.70%

XRP Review

Ripple (code: XRP)

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Founded Date: 2012

Founders:

Ryan Fugger
Ryan Fugger
Founder
Arthur Britto
Arthur Britto
Co-Founder, CTO
David Schwartz
David Schwartz
Co-Founder, CTO
Chris Larsen
Chris Larsen
Co-founded, Executive Chairman
Jed McCaleb
Jed McCaleb
Co-Founder, CTO

Ripple(XRP) - Coin Trading Data

XRP Price $0.5197
Ticker XRP
Market Capitalization $28.72B
Value 24h low $0.519
Value 24h high $0.5257
Trade Volume for 24h $365.52M
Current Circulating Supply 55.29B
Maximum Supply 99.99B
Algorithm
ICO Price and ICO ROI
Price Change 24h % -0.992%
XRP quote $0.5197

Ripple(XRP) ATH - All Time High Price

XRP ATH Price $3.4
Days Since ATH 2324
ATH Date Jan 7, 2018
All Time High % -84.70%

Ripple Profile

Ripple is network that uses the blockchain to make fast and safe payments between individuals and companies. Ripple can reserve partners' funds, and regularly give them a reward for maintaining liquidity.

Since no physical resources or capital are expended to mine and validate XRP, its value is provided only by its demand. A fixed number of coins is counteracting inflation. Storing Ripple does not guarantee dividends, but it is still possible to consider Ripple a digital coin more than cryptocurrency.

Ripple operates using its own Ripple Protocol Consensus Algorithm. It connects peer-to-peer nodes that can use various fiat currencies or cryptocurrencies, exchanging them with each other with the help of XRP token. The Ripple payment gateway system itself is an alternative financial method for banks that is more secure, faster and cheaper than the traditional method.

How Ripple Got Started

Ripple Mining

Mining Ripple is needless, because the developers have released 100 billion coins at once, which are gradually destroyed through transactions that automatically increase in value. Since the mechanism is based on charging a transaction fee of 0.00001 XRP, this means that the fee taken from the user will be destroyed and the total number of coins will steadily decrease.

XPR

XRP is a native Ripple coin. One XRP is subdivided into one million units, known as drops. The coin's emission amounts to 100 billion, all of which were issued at the launch of the network: 65% of all XRP was credited to an account by Ripple Labs, while the remaining 35% went into free circulation.

XRP can be purchased on most exchanges and trading platforms. Its transfers, in addition to the user's address, also require a so-called destination tag, which is generated in the wallet. XRP storage and transactions are supported by most popular multicurrency wallets.

History of Ripple

  • In 2005, Canadian programmer Ryan Fugger launched the first iteration of a system called RipplePay.com, which didn't become very popular.
  • In 2011, Fugger delegated one of the management positions in his company to cryptographer Jed McCaleb. That man recruited David Schwartz and hired Arthur Britto as development manager.
  • In 2012, McCaleb created OpenCoin, and Chris Larsen became its CEO, while Fugger left the project.
  • In 2013, OpenCoin changed its name to Ripple Labs. The company's current CEO is Brad Garlinghaus, who replaced Chris Larsen.
  • In 2014, McCaleb left Ripple Labs and started his own project called Stellar. In an agreement with the team, he received nine billion XRPs, nearly 19% of the coin's total issuance. The funds were paid out over the next eight years in installments, and McCaleb made his last sale in July 2022.

Ripple Advantages and Disadvantages

The fundamental purpose of Ripple is the creation of a global network in which clients can actively exchange digital assets. The developers prioritize increasing processing speed and transaction capacity with reduced fees.

Pros Cons
Transaction fees. The price of a standard transaction on the Ripple protocol is about 0.00001 XRP, which means that the transaction fee is very low or almost free. Centralization. One of the main reasons the Ripple project is criticized is its centralization. Ripple Labs controls the majority of all XRP coins. Moreover, Ripple company itself assigns and approves the network's validators. In addition, the founders of the project budgeted 20 billion XRP for themselves at the time of launch.
Partnerships. Ripple is tested by many major financial institutions and programs. This is one of the key reasons why Ripple is popular with investors. Focus on big corporations. Many large corporations are already using Ripple to lower their transaction costs and provide better services. But Ripple may not offer many benefits to regular people, and most of the features and technology were created for banks and financial institutions.
Team. The Ripple project is backed by a very talented team with a good mix of experience and skills, and in this industry, an experienced team is crucial in achieving success. High competition. The field of international transfers is very attractive for many cryptocurrency projects. That's why Ripple has many competitors like Stellar (XLM), which are targeting this field.
Transaction speed.Ripple transactions are way faster than traditional transfer methods. Absence of mining opportunities

Ripple Technology Use

  • Electronic billing for B2B payments. Ripple provides corporate banking and SMB customers with a differentiated offering. An unlimited amount of data can be attached to each payment.
  • International supply chain payments. Ripple can perform real-time, accurate, timely transactions with security of payment and delivery.
  • Global currency account. With the Ripple network, banks can offer a single global currency account to their corporate clients, allowing them to use a single pool of liquidity for international transactions.
  • International bill pay. Payments to foreign businesses require an international payment to be sent to an individual in the recipient country, who will then send a domestic payment to the local business. This process is non-transparent, expensive, unpredictable, and is sent via batch transmission. Ripple eliminates the existing service gap by offering an international bill payment system with complete transparency, low cost and immediate confirmation.

Ripple and Travelex Bank in Brazil

Travelex Digital Bank was the first to be registered and approved by the Brazilian Central Bank for foreign currency-only transactions. It is working to simplify client access to international finance through cross-border money transactions, ATMs and multi-currency prepaid cards. Ripple's digital XRP asset will be used to allow clients to send money instantly with very low transfer costs and without having to hold pre-formed capital in the destination country.

Travelex will initially process operations between Mexico and Brazil, but developers future plans include expanding the list of countries and payment types including domestic transactions and large scale settlements between small and medium sized businesses.

Q&A For Ripple Cryptocurrency

How much is a one XRP worth now?

1 XRP worth $0.5197 now.

What is the price of XRP?

The price of XRP is $0.5197.

What is the XRP max supply?

The max supply of XRP is 99.99B.

What is the XRP stock symbol or ticker?

The stock symbol or ticker of XRP is XRP.

How many XRP coins are there in circulation?

There are 55.29B coins in circulation of XRP.

What is the exchange rate of XRP(XRP)?

The exchange rate of XRP is $0.5197.

What was XRP's trading volume in 24 hours?

XRP's 24-hour trading volume is $365.52M.

What was the highest price paid for XRP?

XRP reached a record high of $3.4 on Jan 7, 2018

XRP Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Binance Binance XRP/USDT $0.5203 $44.67M 9.82% 3 minutes ago
2 Bitget Bitget XRP/USDT $0.5196 $37.32M 8.2% 6 minutes ago
3 Upbit Upbit XRP/KRW $0.5337 $27.46M 6.04% 6 minutes ago
4 Bybit Bybit XRP/USDT $0.5203 $26.21M 5.76% 3 minutes ago
5 Paritex Paritex XRP/USDT $1.07 $18.59M 4.09% a year ago
6 HTX HTX XRP/USDT $0.5203 $15.15M 3.33% 7 minutes ago
7 WhiteBIT WhiteBIT XRP/USDT $0.5203 $12.78M 2.81% 9 minutes ago
8 ProBit Global ProBit Global XRP/USDT $0.5196 $10.62M 2.33% 9 minutes ago
9 Bitrue Bitrue XRP/USDT $0.5203 $10.18M 2.24% 7 minutes ago
10 Binance Binance XRP/FDUSD $0.5196 $9.68M 2.13% 4 minutes ago
11 Bithumb Bithumb XRP/KRW $0.5344 $9.63M 2.12% 6 minutes ago
12 Coinbase Exchange Coinbase Exchange XRP/USD $0.5209 $9.25M 2.03% 3 minutes ago
13 Poloniex Poloniex XRP/USDT $0.5203 $7.39M 1.63% 3 minutes ago
14 Biconomy Biconomy XRP/USDT $0.5203 $7.18M 1.58% 9 minutes ago
15 Bullish Bullish XRP/USDC $0.5203 $6.27M 1.38% 7 minutes ago