XRP XRP #5

$1.34

+0.12%1h +1.40%24h -5.38%7d -0.32%30d

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24H Range$1.31 — $1.35

$1.31$1.35

All-Time Range$0.0027 — $3.65

ATL $0.0027
May 22, 2014ATH $3.65
Jul 18, 2025

Market Cap

$82.25B

Rank #5

24H Volume

$2.01B

Circulating Supply

61,405,531,717

XRP

Max Supply

100,000,000,000

All-Time High

$3.65

Jul 18, 2025

All-Time Low

$0.0027

May 22, 2014

From ATH

-63.28%

vs ATH

Vol / Mkt Cap

2.45%

Liquidity

Price Performance

+0.12%

24H

+1.40%

-5.38%

30D

-0.32%

-35.95%

ATH

-63.28%

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About XRP (XRP)

XRP is the native digital asset of the XRP Ledger (XRPL), an open-source blockchain created in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto. Ripple Labs, the company associated with XRP, focuses on using XRP for cross-border payment settlements — enabling financial institutions to move money globally in seconds at a fraction of traditional wire transfer costs. XRP is unique in that its ledger does not use mining; instead it uses a consensus protocol involving trusted validators. After a prolonged legal battle with the SEC, a U.S. court ruled in 2023 that XRP is not a security when sold to retail investors — a landmark victory for the crypto industry.

How XRP Works

The XRP Ledger uses a Federated Byzantine Agreement (FBA) consensus mechanism — transactions are confirmed when a supermajority of trusted validators agree. This allows XRP to settle transactions in 3-5 seconds with fees of just 0.00001 XRP. RippleNet uses XRP as a bridge currency for On-Demand Liquidity (ODL) — sending XRP instead of pre-positioning fiat in destination countries.

What Makes XRP Unique

3-5 second transaction settlement — faster than SWIFT
Fees of 0.00001 XRP — negligible for large transfers
Partnered with 300+ financial institutions worldwide
No mining — energy efficient consensus protocol
Legal clarity in the US after 2023 court ruling

XRP today: Current price is $1.34 (+1.40% in 24H) with a market cap of $82.25B — ranked #5 globally.

✅ XRP Pros

Ultra-fast settlement (3-5 seconds)
Near-zero transaction fees
Real banking and institutional adoption (300+ partners)
Legal clarity after SEC lawsuit resolution
Extremely scalable — 1,500 TPS

❌ XRP Cons

Centralization concerns — Ripple Labs holds large XRP reserves
Still facing regulatory uncertainty in some countries
Less decentralized than Bitcoin/Ethereum
Competition from SWIFT improvements and CBDCs

How to Buy XRP (XRP)

XRP is available on Binance, Kraken, Bitstamp, Coinbase (US), and Uphold. In India, WazirX and CoinDCX offer XRP trading. Store XRP in the XUMM wallet (best for XRP Ledger features), Trust Wallet, or Ledger hardware wallet. Note: XRP accounts require a minimum reserve of 10 XRP.

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Frequently Asked Questions — XRP

What is XRP used for? +

XRP is primarily used as a bridge currency for cross-border payments through RippleNet's On-Demand Liquidity (ODL) service. Instead of pre-positioning fiat currency in foreign banks, financial institutions can send XRP across borders in seconds, converting to local currency at destination.

What was the Ripple vs SEC lawsuit? +

In December 2020, the U.S. SEC sued Ripple Labs claiming XRP was an unregistered security. In July 2023, Judge Analisa Torres ruled that XRP sold on public exchanges to retail investors is NOT a security — a landmark win for Ripple and the broader crypto industry. The case continued for institutional sales.

How is XRP different from Bitcoin? +

Bitcoin is designed as decentralized digital gold with no central authority. XRP is designed for fast institutional payments with Ripple Labs playing a central development role. Bitcoin uses energy-intensive mining; XRP uses a consensus protocol with no mining. Bitcoin has a 21M fixed supply; 100B XRP were pre-mined at launch.

Will all 100 billion XRP be released? +

No. Ripple Labs holds approximately 48 billion XRP in escrow, releasing up to 1 billion per month for business operations. Unused XRP is returned to escrow. The current circulating supply is approximately 55 billion XRP. XRP is also slowly destroyed as transaction fees.

What banks use XRP? +

Over 300 financial institutions use RippleNet for payment messaging, though adoption of ODL (which actually uses XRP) is more selective. Notable partners using XRP liquidity include SBI Holdings (Japan), Tranglo, and various money transfer operators in Southeast Asia and Latin America.