XRP Price

(XRP)
USD($)
SIDUS (SIDUS) Live Price Chart

XRP Live Price Data

The live price of XRP is $0.53630, with a total trading volume of $ 11.81M in the last 24 hours. The price of XRP changed by -1.55% in the past day, and its USD value has decreased by -5.06% over the last week. With a circulating supply of 54.56B XRP, the market cap of XRP is currently 29.77B USD, marking a --% increase today. XRP currently ranks #5 in market cap.
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Note: This data is for reference only.
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XRP(XRP) Profile

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Website
Documentation
Contract
BNB Smart Chain (BEP20) 0x1d2f0d...dbe
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Investors
a16z Pantera Lightspeed Venture Partners FF Angel LLC Google Ventures SBI Holdings Standard Chartered CME Group IDG Capital Partners
$0.53529
$0.55196
$3.84000
-0.25%
-1.55%
-5.06%
$29.77B 
$11.81M 
54.56B
100B

About XRP

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.

What Is XRP (XRP) Crypto?

XRP (XRP) is a digital asset and the native cryptocurrency of the XRP Ledger, an open-source platform designed to facilitate fast and cost-effective global payments and remittances. Ripple, the company behind XRP, offers RippleNet, which allows mainstream financial institutions worldwide to build and operate efficient payment systems using blockchain technology.

The XRP Ledger (XRPL) serves as the underlying blockchain infrastructure for Ripple. It is a public, decentralized network capable of processing XRP transactions within five seconds. XRP, the network's native asset, is vital in facilitating decentralized payments worldwide through RippleNet's On-Demand Liquidity (ODL) service.

One of the key advantages of XRP is its ability to enable cross-border remittances and currency conversions. Leveraging the power of the decentralized ledger, the XRPL facilitates faster, cheaper, and more scalable payment transfers globally.

As of July 2023, Ripple’s XRP features among one of the top 10 cryptocurrencies by market capitalization. Its established position and utility in the digital asset market make it popular among crypto traders and investors.

Key Features and Benefits of XRP

1. Speed: Transactions on the XRP Ledger settle within 3-5 seconds, making it significantly faster than traditional payment systems.

2. Low-cost Transactions: XRP transaction fees average at $0.0002 per transaction, offering a cost-effective solution for global payments.

3. Scalability of XRPL: The XRP Ledger can handle 1,500 transactions per second, 24x7, ensuring its scalability to support a growing user base.

4. Stability: Since its inception, the XRP Ledger has successfully processed over 70 million closed ledgers, highlighting its stability and reliability.

5. Energy Efficiency: The XRPL is 61,000 times more energy-efficient than proof-of-work blockchains, contributing to its sustainability.

6. Decentralization: The XRPL is a decentralized network powered by a global network of 150+ validators, ensuring consensus and security.

How Does XRP Work?

XRP, the native cryptocurrency of the Ripple network, operates on the XRP Ledger (XRPL) blockchain. The XRPL utilizes validator nodes to achieve consensus and validate transactions. Once a validator verifies a transaction, it becomes a new block to the public ledger.

New blocks are created on the XRPL approximately every 3-5 seconds, allowing for quick confirmation of transactions. As of July 2023, the XRP Ledger has over 150 validators.

XRP offers several advantages over other cryptocurrencies. It has a high throughput, processing up to 1,500 transactions per second (TPS), which surpasses many of its peers, such as Bitcoin and Ethereum. It makes XRP an attractive option for mainstream financial institutions seeking efficient global payment transfers. Additionally, XRP demonstrates energy efficiency compared to leading Proof-of-Work blockchains.

The speed of settlements on the XRP Ledger is impressive, occurring in approximately 3.90 seconds, while transaction fees remain remarkably low, less than $0.00020.

Ripple, the company behind XRP, provides a payment settlement system and currency exchange network for global transactions. Ripple aims to replace traditional systems like SWIFT, facilitating faster and more secure exchanges between major financial institutions. XRP is a bridge currency within this network, enabling seamless conversion between various fiat currencies and cryptocurrencies.

History of Ripple and XRP Coin

Initially known as Opencoin, Ripple was co-founded by Chris Larsen and Jed McCaleb in 2012. In the same year, they created the Ripple Consensus Ledger, now called the XRP Ledger. The XRP Ledger is an open-source public ledger secured by cryptography.

In 2013, Ripple launched XRP as the native token for its blockchain network. At the time of release, the total supply of XRP was fixed at 100 billion tokens. Out of this supply, 80 billion XRP tokens were allocated to Ripple, while the remaining 20 billion were distributed among the three co-founders: Larsen, McCaleb, and Ryan Fugger.

Following the release of the XRP Ledger, Ripple focused on targeting financial institutions to adopt their technology for digital payments. In 2016, Ripple obtained a BitLicense from the State of New York, enhancing its appeal from a regulatory standpoint.

Over the years, Ripple has achieved several key milestones. One notable development was the establishment of SBI Ripple Asia, a partnership aimed at promoting the commercial adoption of blockchain technology in the Japanese and Korean markets. Ripple also introduced RippleNet, a global network for facilitating payments, and made its On-Demand Liquidity (ODL) service commercially available.

More recently, in 2021, Ripple announced RippleX, which concentrates on developing infrastructure and supporting innovative projects within the blockchain industry.

Ripple and XRP were involved in a legal dispute with the U.S. Securities and Exchange Commission (SEC) regarding the classification of XRP as a security since late 2020. In July 2023, a federal judge ruled that XRP sales on public crypto exchanges were not considered securities, but off-exchange sales to sophisticated investors were deemed unregistered sales of securities. This ruling brought both partial victory and challenges for Ripple and XRP.

In October 2023, the SEC dropped charges against Ripple's CEO Brad Garlinghouse and Executive Chairman Chris Larsen.

XRP (XRP) Price Movements ($)
PeriodChangeChange (%)
Today$-0.00924-1.69%
7 Days$-0.02919-5.16%
30 Days$0.022254.33%
3 Months$-0.08415-13.56%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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XRP Conversion Rate
  • 1 XRP to USD$0.53630272
  • 1 XRP to EUR€0.49531953
  • 1 XRP to AUD$0.81645653
  • 1 XRP to KRW₩713.85
  • 1 XRP to JPY¥80.78
  • 1 XRP to GBP£0.42322383
  • 1 XRP to INR₨44.45
  • 1 XRP to IDRRp8,367.34
  • 1 XRP to CAD$0.72319349
  • 1 XRP to RUB₽50.03

FAQ

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.
Does Ripple XRP Have Value?

Despite significant volatility, Ripple's XRP has maintained its position within the top 10 cryptocurrencies. Its price has seen notable fluctuations, from a low of $0.002802 in July 2014 to a high of $3.84 in January 2018. However, a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple in late 2020 dampened XRP's price surge, leading to a decline in its market cap and price rankings compared to other cryptocurrencies during the global adoption trend in 2020 and 2021.

By July 2023, Ripple scored a significant legal victory when a US District Judge ruled that Ripple did not violate federal securities law by selling XRP tokens on public exchanges. This ruling positively impacted XRP's value, causing a short-term surge in the $XRP price.

The price of Ripple's XRP has been volatile, and the ongoing lawsuit's outcome will likely influence its future value. A favorable conclusion for Ripple could cause the XRP price to soar, while adverse effects may lead to temporary price fluctuations. Therefore, investors and market participants should closely monitor the legal proceedings and their potential impact on XRP's value.

Is XRP (XRP) a Good Investment?

Despite facing legal challenges in the US, Ripple's XRP has maintained its position within the top 10 cryptocurrencies, demonstrating resilience. Unlike Bitcoin and others, it didn't experience significant growth in 2021 but avoided a major crash during the lawsuit. The strength of XRP lies in the growing adoption of the Ripple network by global financial institutions, particularly in emerging markets like the Middle East, Asia, and Africa, where it facilitates faster, cost-effective cross-border transactions.

XRP distinguishes itself from newer cryptocurrencies through its utilization by mainstream entities. Ripple is also enhancing the XRP Ledger to support non-fungible tokens (NFTs) and other versatile blockchain applications, potentially increasing its appeal to investors.

The legal victory in July 2023 led to a surge in XRP's price. The court ruling, the reopening of U.S. exchanges for XRP trading, and the continued international demand for XRP create favorable conditions for potential price appreciation. While the lawsuit's final judgment may take time, the recent ruling has alleviated immediate regulatory concerns from the SEC, positively impacting Ripple's trading liquidity and long-term pricing prospects.

Can XRP Price Touch $1?

The possibility of XRP reaching a price of $1 depends on various factors, including supply and demand, market sentiment, XRP fundamentals and developments, and XRP news. A potential victory in the SEC-Ripple lawsuit could also support an uptrend in the price of XRP.

While we cannot offer an accurate XRP price prediction over any timeframe, several factors influence volatility and price trends in Ripple’s crypto. The volatility and unpredictability of the cryptocurrency market make it challenging to provide precise predictions.

How to Use XRP Token

Discover the various use cases for the XRP cryptocurrency, designed to provide efficient and cost-effective solutions for digital payments and transactions.

Make Cross-border Payments and Remittances

XRP facilitates fast and cost-effective cross-border transactions, settling payments quickly and reliably without traditional banking intermediaries. XRP offers a swift and affordable solution for sending money internationally. Migrants working abroad can efficiently use XRP to transfer funds back to their home countries.

Enable Micropayments

XRP enables efficient and low-cost micropayments, making it suitable for transactions involving small amounts of value. It can be used for pay-per-view content, microtransactions, and similar scenarios.

Integrate XRP Into eCommerce Platforms

XRP can be integrated into e-commerce platforms to enable fast and inexpensive payment processing for online purchases.

Use Ripple and XRP For Banking

XRP has the potential to streamline and expedite cross-border payments for banks, allowing for quicker settlement and reduced costs compared to traditional methods.

Trade or HODL XRP

You can hold XRP on KuCoin or store it in an offline cold wallet. Expand your trading options - buy low, sell high, long or short XRP, and use KuCoin’s trading bots to automate and elevate your trading experience.

Earn Passive Income on KuCoin

Grow your cryptocurrency holdings and generate passive income by investing in XRP through KuCoin. Utilize KuCoin Crypto Lending to lend liquidity in XRP to the platform and earn attractive daily interest over different durations, such as seven, 14, or 28 days.

Are Ripple and XRP the Same?

Ripple, also known as Ripple Labs Inc., is a software company that offers payment solutions to financial institutions. The Ripple payment protocol, built upon a distributed open-source protocol, encompasses the XRP Ledger and RippleNet. Ripple aims to revolutionize global transactions by providing secure, instant, cost-effective payment services. It is an alternative to traditional intermediaries like SWIFT, enabling cross-border payments and currency conversions.

XRP is a digital asset native to the XRP Ledger, forming a fundamental Ripple payment protocol component. While some refer to XRP as a cryptocurrency, Ripple categorizes it as a digital asset. XRP functions as a bridge currency within the Ripple ecosystem, facilitating the seamless transfer of value across different fiat currencies. You can trade it on various exchanges, and it serves as a means of conducting transactions on the XRP Ledger.

Although Ripple Labs Inc. created and released XRP, it's important to note that Ripple does not exercise control over the cryptocurrency or the XRP Ledger itself. XRP operates as an open-source digital asset, and its blockchain is decentralized. Ripple's ownership of a significant portion of XRP has led to debates regarding centralization. However, the company's control over XRP does not extend to its underlying technology or distributed network.

Can I Mine XRP?

No, unlike cryptocurrencies such as Bitcoin, Ripple does not utilize a proof-of-work (PoW) consensus mechanism, making traditional mining methods incompatible with XRP. Ripple's payment protocol operates on a semi-centralized ledger to facilitate and expedite transactions.

However, you can acquire XRP from trusted centralized exchanges such as KuCoin or decentralized dApps.

What is the all-time high price of XRP (XRP)?
The all-time high price of XRP (XRP) is $3.84000. The current price of XRP is down 0.86% from its all-time high.
What is the all-time low price of XRP (XRP)?
The all-time low price of XRP (XRP) is $0.00280. The current price of XRP is up 190.41% from its all-time low.
How much XRP (XRP) is there in circulation?
As of 2 23, 2024, there is currently 54.56B XRP in circulation. XRP has a maximum supply of 100B.
What is the market cap of XRP (XRP)?
The current market cap of XRP is $29.77B. It is calculated by multiplying the current supply of XRP by its real-time market price of $29.77B.
How do I store XRP (XRP)?
You can securely store your XRP in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your XRP include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert XRP (XRP) to cash?
You can instantly exchange your XRP (XRP) for cash using KuCoin's Fast Trade feature. This feature enables you to convert XRP to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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