HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%

XRP Price, XRP/USD Exchange Rates


Current Rating 6
Symbol XRP
Logo
Price change, 1h -0.33%
Price change, 24h 1.61%
Price change, 7d -2.87%
XRP current price $0.54
XRP Market cap $29 508 924 799
Available supply 54 594 247 369 XRP
Volume, 24h $972 391 962

Ripple is a centralized and premined cryptocurrency. Founded in 2012 the Ripple company has created RippleNet, a blockchain platform for global payments.  Its token Ripple (XPP) is now one of the fastest growing digital assets and has the 5th largest market cap. The number of coins is limited to 100 billion XRP that are already built into the protocol, so they can’t be mined like Bitcoin. Inside the Ripple network, ordinary money (dollars, euros), and other coins and precious metals can be used.

XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.

XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space.

Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases.

RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital.

The main advantage of XRP coins is that the Ripple network can work directly with banks and corporations that control global financial flows. The rise of Ripple is driven by belief that in the XXI century the speed of financial transactions should be the same as the speed of information exchange. The modern level of money transfers from country to country, and between banks and organizations, is characterized by low speed and endless verification processes that can last several days. The Ripple system is working to accelerate all financial transactions and can already make money transfers within a few seconds.

XRP is a unique kind of digital currency. It serves as a tool for instant conversion of any currency into another without a central exchange. Because of this significant characteristic, an internal coin called "XRP" can't be used for retail purchases, however, the currency itself has the potential to increase the volume of trades in many existing currencies.

Today, the total number of coins in the XRP system totals 100 billion. Absolutely every member of the Ripple system can create its own "exchange office": be it for goods, services or currency. Transactions in Ripple are made on a consensus basis, so there is no need for arbitration as the system transfers funds only between users who trust each other. All transactions of the Ripple system can be reversed, which is a valuable advantage which differentiates Ripple from other crypto-currencies. There are no commissions for exchange within the system, the history of all transactions of participants is stored in their wallets. It is not possible to mine XRP directly, so you can obtain it in two ways: by exchange or by participating in the calculations process. These calculations are not mathematical, and are used for data processing in science and medicine. The fee for the rental of facilities is paid by company XRP.

XRP/USD Price and Exchange Rates Charts

XRP/USD Price, Exchange Rates chart – 7 days

XRP/USD Price, Exchange Rates chart – 30 days

XRP/USD Price, Exchange Rates chart – 60 days

* Forex Rating accepts no liability for any errors in the XRP Price or XRP Information. For the most recent information please visit the XRP official site.

Top Cryptocurrencies

# Cryptocurrency 7 days
1 BTC Information Bitcoin -1.55%
2 ETH Information Ethereum 6.24%
3 USDT Information Tether USDt -0.05%
4 BNB Information BNB 6.46%
5 SOL Information Solana -7.08%
6 XRP Information XRP -2.87%
7 USDC Information USDC 0%
8 ADA Information Cardano -0.68%
9 AVAX Information Avalanche -9.23%
10 DOGE Information Dogecoin 0.35%
11 TRX Information TRON 1.96%
12 WTRX Information Wrapped TRON 2.2%
13 LINK Information Chainlink -5.7%
14 STETH Information Lido stETH -3.32%
15 DOT Information Polkadot 1.59%
16 MATIC Information Polygon 7.35%
17 WBTC Information Wrapped Bitcoin -1.57%
18 UNI Information Uniswap 64.83%
19 TON Information Toncoin -2.91%
20 ICP Information Internet Computer -6.54%
Cryptocurrency Rating

Top Bitcoin Brokers

All Bitcoin Forex Brokers

BTC/USD Forecasts

Pushing down crypto isn't easy
Pushing down crypto isn't easy

Buying on dips remains the dominant tactic in the crypto market. Capitalisation rose 1.8% in seven days to $1.65 trillion. Previously, the 'what doesn't rise, falls' formula was often applied to cryptocurrencies, however, recent attempts to sell off after a period of stabilisation have been met with increased buying.

5 Feb 2024

Crypto has retreated from the lows, but no rush for growth
Crypto has retreated from the lows, but no rush for growth

Crypto market capitalization at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility.

29 Jan 2024

Ethereum could end consolidation with a dip towards $2000
Ethereum could end consolidation with a dip towards $2000

Volatility in the cryptocurrency market remains subdued, keeping the capitalisation near $1.56 trillion for the third day. Meanwhile, Bitcoin remains around $40K, and Ethereum looks pegged to $2200...

26 Jan 2024

The Crypto Market Takes a Breath after the Storm
The Crypto Market Takes a Breath after the Storm

The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves...

25 Jan 2024

Global risk appetite pauses crypto sell-off
Global risk appetite pauses crypto sell-off

Bitcoin reversed to the upside on Tuesday afternoon. The price drop to $38.5K attracted buyers on the background of another update of all-time highs by leading US indices, which supported risk appetite...

24 Jan 2024

Crypto's decline looks more like a sell-off than a correction
Crypto's decline looks more like a sell-off than a correction

The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday...

23 Jan 2024

MultiBank Group information and reviews
MultiBank Group
84%
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.