XRP Price

USD $ --
‎$ 0.52635+3.06%
‎$ 0.5266+3.13%

XRP (XRP) Price Movements ($)

PeriodChangeChange (%)
Today$ 0.015413.02%
7 Days$ 0.020594.08%
30 Days$ 0.0893620.49%
3 Months$ 0.01843.63%


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Audited By
Code & Community
a16z Pantera Lightspeed Venture Partners FF Angel LLC Google Ventures SBI Holdings Standard Chartered CME Group IDG Capital Partners
‎$ 0.49587
‎$ 0.53826
‎$ 3.84
$ 27.31B 
$ 53.72M 

About XRP

What is Ripple's XRP (XRP)?

Ripple is an open-source platform that can be used by developers to create applications for global payments and remittances. The underlying blockchain infrastructure that supports Ripple is called the XRP Ledger while XRP is the network’s native asset.

Ripple’s offering RippleNet enables mainstream financial institutions around the world to build and operate highly efficient payment systems using the power of blockchain technology. The company leverages the power of blockchain technology and the XRP cryptocurrency via RippleNet’s On Demand Liquidity service to drive financial inclusion the world over.

The XRP Ledger (XRPL) is Ripple’s very own public blockchain network. Its open-source and permissionless design can process XRP transactions within five seconds. The XRP token serves as a convenient method for users and organizations to transfer payments all around the world using the RippleNet ODL service in a decentralized manner.

Its unique technology also makes it a great way to enable cross-border remittances or transactions that require the conversion of one fiat currency into another. The XRPL uses the power of the decentralized ledger to enable cheaper and more scalable payment transfers across the world.

XRP - Ripple’s native cryptocurrency, is also one of the top 10 cryptocurrencies by market cap. As one of the largest cryptos based on market cap, it is one of the most popular digital assets to invest in among crypto traders.

You can learn more about XRP (XRP) at our KuCoin Blog.

How Does XRP Work?

Ripple’s blockchain, the XRP Ledger (XRPL), uses validator nodes within the network to perform consensus operations and verify all transactions taking place. Once a validator checks and validates a transaction, it gets added to the public ledger as a new block.

New blocks within the XRPL get created every 3-5 seconds - the time taken to confirm a new set of transactions. According to Ripple’s official website, as of April 2022, the XRP Ledger has 36 validators. The company itself runs six of them, accounting for 16% of validators.

XRP has a far higher throughput than several of its peers, including Bitcoin, Ethereum and Litecoin, making it one of the most attractive options for mainstream financial institutions to turn to when enabling blockchain-based global payment transfers. XRP boasts a 1,500 TPS (transactions per second) processing speed and has the ability to match payments leader Visa in terms of throughput.

It also boasts a far more energy efficient operation than leading Proof-of-Work blockchains, giving it one more distinct advantage when it comes to mainstream adoption. Settlements on the XRP Ledger happen in 3.90 seconds, and have extremely low transaction fees of less than $0.00020.

History of Ripple and XRP

Ripple was co-founded by Chris Larsen and Jed McCaleb in 2012 as Opencoin. The XRP Ledger was originally known as the Ripple Consensus Ledger and was also created in the same year as an open-source public ledger secured by cryptography.

XRP was launched by Ripple in 2013 as the company’s blockchain network’s native token. The total supply of XRP was fixed at 100 billion at the time of release. 80 billion tokens were given to Ripple while the remaining 20 billion XRP tokens were distributed among the three co-founders, Larsen, McCaleb and Ryan Fugger.

Once the XRP Ledger was released, Ripple targeted financial institutions to use their technology to enable digital payments. Ripple received a BitLicense from the State of New York in 2016, making it a more attractive technology to adopt from a regulatory perspective.

Other key developments along the way since launch include the formation of SBI Ripple Asia to drive commercial adoption of blockchain technology in the Japanese and Korean markets. This was followed by the launch of RippleNet and commercial availability of its ODL service.

Ripple then went on to announce RippleX, with a focus on developing infrastructure and supporting the growth of innovative projects within the blockchain industry.


How can I buy XRP (XRP)?
Buying XRP on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy XRP (XRP) for more information.
How much is 1 XRP (XRP) worth?
KuCoin provides real-time USD price updates for XRP (XRP). XRP price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time XRP to USD exchange rates.
Is Ripple XRP a Good Investment?

One of the strongest testaments to Ripple’s XRP is its ability to remain within the top 10 cryptos’ list despite its legal hurdles in the US. Even though its price was unable to rally through 2021 when most cryptocurrencies, including Bitcoin, hit new ATHs, there was not much of a crash in the XRP price through the course of the lawsuit either.

The XRP cryptocurrency remains a formidable crypto asset even in the face of legal troubles mainly on account of the rising adoption of the Ripple network among financial institutions around the world. Ripple has spread into the emerging markets, Middle East, Asia and Africa, enabling faster and cheaper cross-border transactions for banks and payment providers in these regions.

Unlike several new cryptocurrencies, the XRP token already enjoys considerable use by mainstream players, a key advantage that sets it apart. In addition, Ripple has committed to developing the XRP Ledger further, giving it capabilities to support NFTs and other versatile applications on its blockchain. Such a move could potentially make Ripple’s token an even more attractive digital asset to add to investors’ portfolios.

How to Use XRP Token

Given below are the most popular use cases for the XRP cryptocurrency:

Transfer Payments Digitally

The open-source digital asset is used to send and receive payments digitally in a low-cost, high-speed manner worldwide. Individuals, banks, and financial institutions that use the XRP Ledger to transfer payments utilize the XRP cryptocurrency as a bridge between the two currencies in which payment is sent and received.

Crypto Asset to Trade and HODL

Trade XRP against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell $XRP against other digital assets or hold it long-term if you believe in the future potential of Ripple and XRP Ledger. Review the XRP live price, market cap, circulating supply, 24-hour trading volume, and the latest crypto news before trading XRP in the crypto market.

Earn Passive Income on KuCoin

You can also generate passive income and grow your crypto holdings by investing in XRP via KuCoin. Head to KuCoin Crypto Lending to lend liquidity in XRP to our platform and earn attractive daily interest over seven days, 14 days, or 28 days.

What is the Difference Between Ripple and XRP?

Although many investors use the terms interchangeably, there is a vast difference between Ripple and XRP. Ripple is a shorter representation of Ripple Labs Inc., the company that has developed the Ripple payment protocol using the XRP Ledger - its own blockchain network.

XRP is the native digital asset used to conduct transactions on this network. It is also a cryptocurrency that can be traded on exchanges or held as a store of value by investors.

Ripple, the company, uses XRP as a bridging currency within its payment protocol. Users wishing to conduct transactions over RippleNet can send cross-border payments, convert one fiat currency into another, using the decentralized system built of XRP Ledger. This system utilizes the XRP tokens as the method of facilitating the transaction.

Can I Mine Ripple XRP?

Ripple does not use a proof of work consensus mechanism like Bitcoin, as a result of which its token XRP cannot be mined like BTC. At the time of launch, Ripple’s developers created a fixed total supply of 100 billion XRP coins.

Apart from the 20 billion XRP given to the company’s founders and the tokens that have already entered the market, Ripple controls the circulating supply of the remaining tokens. The company periodically releases XRP tokens from its supply (escrow account) to provide liquidity and maintain the XRP price.

However, if you wish to own the XRP coin, you can do so by buying the crypto from crypto exchanges and trading platforms. Ensure that you check the current price and perform some analysis of the Ripple token before making your trade.

Live XRP (XRP) Summary

$ 0.0028
$ 3.84
The current price of XRP is 0.52635 $. Its 24-hour trading volume is 53.72M $. The price of XRP increased by +3.06% over the past 24 hours and increased by +3.90% over the past week. We will continue to update the price of XRP-USDT in real time. This coin ranks #5 in market capitalization, with a current market cap of 27.31B $.
  • The circulating supply of XRP is 48.12B.
  • The maximum supply of XRP is 100.00B.
  • The all-time high of XRP was 3.84 $ on 01-03, 2018, from which the coin is now down -86.30%.
  • The all-time low of XRP was 0.0028 $, from which the coin is now up 99.47%.