The live Ripple (XRP) price is $2.03, with a 24 hours CoinTide trading volume of 575.65K. The price of XRP changed by -15.61% in the past 24 hours. With a circulating supply of 99.98B XRP and a maximum supply of 100B XRP coins. Ripple currently ranks #7 in market cap. You have the option to purchase Ripple (XRP) on the CoinTide exchange.
(XRP) Ripple Live Price Data
Market | Price | 24h % | 24h High | 24h Low | 24h Volume | |
---|---|---|---|---|---|---|
XRP /USDT | $2.0326 | -15.61% | 2.4373 | 1.9975 | 528176.214 | Trade |
About Ripple (XRP)
Ripple (XRP) is a digital payment protocol designed to facilitate fast and cost-effective cross-border transactions. Created by Ripple Labs Inc., XRP serves as the native cryptocurrency of the Ripple network, which aims to revolutionize the global financial system by enabling real-time, secure, and low-cost international payments. Buying XRP on RippleNet is simple and secure. Register, verify your identity, deposit funds, and start trading. Learn more from our guide on How to Buy Ripple (XRP).
What is Ripple (XRP)?
Ripple (XRP) is a digital currency and payment protocol that facilitates fast and low-cost cross-border payments. Unlike traditional banking systems that can take days to process international transactions, Ripple's consensus ledger allows for real-time settlement, making XRP an efficient intermediary for financial institutions. XRP is used to bridge different currencies, enhancing liquidity and reducing transaction costs.
Who Created Ripple?
Ripple (XRP) was created by Ripple Labs Inc., a technology company founded by Chris Larsen and Jed McCaleb in 2012. The company developed the Ripple protocol and its consensus ledger to enable faster and more efficient cross-border transactions. Ripple's mission is to provide a seamless payment experience, and its technology has been adopted by numerous financial institutions worldwide.
History of Ripple
The history of Ripple (XRP) began with the establishment of Ripple Labs Inc. in 2012. The company introduced the Ripple protocol to address inefficiencies in the traditional banking system, focusing on real-time, cross-border payment solutions. Key milestones include partnerships with major financial institutions, the launch of RippleNet, and ongoing developments in Ripple's blockchain technology to enhance global financial infrastructure.
Ripple Blockchain Technology
Ripple (XRP) operates on a consensus ledger rather than a traditional blockchain. This ledger is maintained by a network of independent validators who reach consensus on transaction order and validity within seconds. Ripple's technology enables rapid and secure settlement of transactions, reducing the risk of fraud and ensuring transparency. This makes Ripple an attractive solution for financial institutions seeking efficient cross-border payment systems.
Ripple Tokenomics
The tokenomics of Ripple (XRP) are designed to support its payment protocol and incentivize network participation. XRP has a total supply of 100 billion tokens, with a portion allocated to Ripple Labs and the rest distributed to investors and users. XRP serves as a bridge currency in transactions, reducing liquidity costs and transaction fees. Its deflationary nature, with transaction fees burned, contributes to its value proposition.
Ripple Total and Circulating Supply
Ripple (XRP) has a maximum supply of 100 billion tokens. Currently, around 55 billion XRP are in circulation, with the remaining tokens held by Ripple Labs to fund future development and incentives. The controlled release of XRP helps maintain a stable supply-demand balance, contributing to its utility as a bridge currency in cross-border transactions.
Ripple Highlights
Ripple (XRP) is transforming global payments by offering a faster, more efficient alternative to traditional banking systems. Its consensus ledger enables real-time cross-border transactions, reducing costs and enhancing liquidity. With partnerships across the financial industry and a robust protocol, Ripple is poised to become a cornerstone of the modern financial infrastructure, bridging the gap between traditional finance and digital assets.
XRP to local currency
- 1 XRP to USD2.241
- 1 XRP to EUR2.124
- 1 XRP to AUD3.488
- 1 XRP to KRW3,201.842
- 1 XRP to JPY339.155
- 1 XRP to GBP1.758
- 1 XRP to INR190.106
- 1 XRP to CAD3.177
- 1 XRP to RUB223.872
- 1 XRP to AMD886.862
XRP to crypto currency
- 1 XRP to BTC0.0000228708
- 1 XRP to ETH0.0005967222
- 1 XRP to USDT2.239
- 1 XRP to CNT0.000
- 1 XRP to BNB0.003
- 1 XRP to SOL0.010
- 1 XRP to ADA2.166
- 1 XRP to TRX8.507
- 1 XRP to LTC0.020
- 1 XRP to DOGE5.391