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XRP

XRP

xrp

$0.537Price Change 24h: 0.63%Price data by Coingecko logoCoinGecko

XRP Price Chart

XRP Price Converter

xrp

24-Hour Range

$0.521 $0.537
LowHigh

Market Cap

Rank#8
Market Cap$29.95B
Volume$1.80B

Supply

Circulating55.81B
Total99.99B
Created on01/01/1970

All Time High

ATH$3.4
ATH Change-84.23%
ATH Date01/07/2018

XRP Price Perfomance

PeriodChange [%]LowHigh
24h0.63%$0.521$0.538
7 days24.55%$0.475$0.483
14 days12.59%$0.475$0.483
1 month8.61%$0.49$0.496
1 year-26.16%$0.47$0.866

XRP OHLC

DatePriceNet ChangeChange [%]PriceNet ChangeChange [%]
07/09/2024Close0.4314650.012.93%High0.441522-0.0071-1.58%
Open0.419039-0.03-6.59%Low0.404518-0.01-3.25%
07/08/2024Close0.419179-0.03-6.61%High0.448608-0.0010-0.21%
Open0.4486080.025.57%Low0.418089-0.0059-1.39%
07/07/2024Close0.4488710.025.52%High0.4495650.024.03%
Open0.424955-0.0058-1.35%Low0.4239670.038.88%
07/06/2024Close0.425391-0.0083-1.92%High0.432163-0.04-7.88%
Open0.430765-0.04-7.63%Low0.389383-0.04-10.20%
07/05/2024Close0.433716-0.03-7.09%High0.469154-0.02-3.45%
Open0.466329-0.02-3.74%Low0.433622-0.03-6.18%
07/04/2024Close0.466831-0.02-3.63%High0.485928-0.0020-0.40%
Open0.4844410.00771.61%Low0.462173-0.01-2.82%
07/03/2024Close0.4844080.00801.68%High0.4878950.00531.11%
Open0.4767740.00160.33%Low0.475590.00080.16%

* Price information provided by CoinGecko. Day starts at UTC 00:00

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1. What is XRP?

XRP is a cryptocurrency intended to facilitate low-cost, and fast cross-border payments. Launched in 2012, XRP is one of the oldest and largest cryptocurrencies by market capitalization. The token lives at the center of the XRP Ledger, a permissionless blockchain built by Ripple Labs.

2. How does XRP work?

XRP operates on the XRP Ledger, a permissionless blockchain. The network uses a unique consensus mechanism called the Ripple Protocol Consensus Algorithm (RPCA), which allows for faster transaction times and lower fees. Financial institutions are the main adopters of XRP, using it as a bridge currency to facilitate cross-border payments.

3. Should you use XRP?

The token is touted as one of the fastest and cheapest payment options in the cryptocurrency space. For users who are looking to avoid the high fees associated with networks like Bitcoin, Ethereum, or the traditional banking system, XRP could be a good choice.

4. What are the risks of using XRP?

The company backing XRP, Ripple, has been embroiled in a number of legal challenges with authorities in the U.S., which could affect its future token price, and utility. XRP’s value is also subject to market volatility, which could prove risky for investors. Critics of XRP have also pointed out that Ripple Labs holds a large amount of tokens and influence in the network, which could lead to centralization issues.

5. What are the benefits of using XRP?

Users transacting on the XRP Ledger report settlement times between 3-5 seconds, with costs that usually fall below one cent. The XRP Ledger can process up to 1,500 transactions per second. Additionally, some of the largest financial institutions have begun accepting XRP.

6. Who Created XRP?

XRP was created by David Schwartz, Jed McCaleb, and Arthur Britto, and it was launched by Ripple Labs Inc., which was co-founded by Chris Larsen and Jed McCaleb.

7. How many XRP tokens will there ever be?

The total supply of XRP tokens is 100 billion.

8. What is XRP’s lowest and highest price tag?

XRP hit an all-time low of $0.002 on May 22, 2014. It reached an all-time high of $3.40 on Jan. 7, 2018.

Latest posts about XRP

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XRP logo glowing in neon blue

Coinbase Relists Ripple’s XRP Token in New York

The top U.S. crypto exchange had previously suspended XRP trading in 2021.
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image depicting hackers stealing XRP

Hackers Drain $112M in XRP Tokens From Ripple Co-Founder's Wallet

Ripple’s executive chairman, Chris Larsen, confirmed reports from blockchain analyst that XRP wallets had been raided.
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Markets Rally After U.S. Judge Says Ripple Is Not A Security

Markets Rally After U.S. Judge Says Ripple Is Not A Security

ETH Trades Above $2,000, XRP Rockets 55%
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Ripple Wants to Integrate CBDCs With DeFi

Ripple Wants to Integrate CBDCs With DeFi

Ripple’s James Wallis Reveals Hong Kong-Backed CBDC Initiative Integrating Tokenized Real Estate and Web3 Lending
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XRP Holders to Get Huge Airdrop of New Blockchain Songbird

XRP Holders to Get Huge Airdrop of New Blockchain Songbird

Not only is DOGE a very good boy, its coin is about to be very smart, too — as in, smart contract-ready. Flare is a startup launching its canary network in the coming days, and it’s going to bring smart contract functionality to DOGE. It will also bring it to XRP, Stellar (XLM) and Litecoin…