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XRP

XRP

Rank #6
$ 0.5424
-1.71%
24H Low$0.5363
24H High$0.5519
24H Volume
1.34B
All-Time High(ATH)
$3.4
All-Time Low(ATL)
$0.002686
Market Cap
29.58B
Fully Diluted Valuation
54.2B
Market Cap/FDV
0.5457
Circulating Supply
54.56B XRP
Total Supply
99.99B XRP
Max Supply
100B XRP
Market Sentiment
--
* Data from 3rd parties

XRP (XRP) Price Trends

Time period
Change amount
% Change
1H
$ 0.0002245
0.041%
24H
$ -0.009290
-1.71%
7D
$ -0.002007
-0.37%
14D
$ 0.03295
6.07%
30D
$ 0.01380
2.54%
1Y
$ 0.2110
38.91%

Live XRP (XRP) Price Update

XRP price today is $0.5424 with a 24-hour trading volume of 1.34B, and as such XRP has a market cap of 29.58B, giving it a market dominance of 1.44%. The XRP price moved -1.71% in the last 24 hours.

XRP reached its highest price on 2018-01-07 when it was trading at its all-time high of $3.4, while its lowest price was recorded on 2014-05-22 when it was trading at its all-time low of $0.002686. The current lowest price since the last cycle high was $0.002686, and the highest price since the last cycle low was $3.4. The social sentiment of XRP is currently Positive.

The current circulating supply of XRP is 54.56B XRP. In terms of market cap, XRP is currently ranked 6.

About XRP (XRP)

Ripple (XRP) is the native cryptocurrency of Ripple Network. It is a cryptocurrency with low trading cost and global circulation. Ripple (XRP) was officially issued on April 18, 2011, with a total supply of 100 billion. XRP is the only common currency in the Ripple (XRP) Network.

The development of XRP is inseparable from the development of the Ripple Network. The early Ripple Network needs to establish a trust chain to transfer money, so there are fewer users. After Opencoin took over Ripple (XRP), it made improvements such as introducing XRP, introducing a gateway system and allowing strangers to transfer money. Thus, the world's first open-source payment network was born. As the currency in circulation in Ripple Network, XRP also began to develop rapidly.


How does Ripple (XRP) Work?

Unlike other cryptocurrencies, XRP does not run on the blockchain, but uses the Robust Principal Component Analysis (RPCA) algorithm to make the Ripple Network run. However, its working principle is similar to the blockchain, and the nodes must reach a consensus to validate the transaction on the network. What is more special about Ripple Network is that users can not "mine" XRP, that is, XRP are not issued through miners' mining activities. XRP are pre-mined and issued. The total number of tokens is 100 billion. The issuing mode is Ripple's market release at the rate of 1 billion per month.

Like the blockchain, the protocol used by Ripple Network has a "distributed general ledger", and also has a consensus mechanism and validation mechanism between nodes. After the birth of each new transaction record of Ripple Network, it will be quickly validated according to the consensus and validation mechanism, and summarized into the ledger instances within this time period. The ledger of Ripple Network is arranged and linked in chronological order.


What is Ripple (XRP)?

The emergence of Ripple Network has promoted the transactions between fiat currencies. As the only circulating cryptocurrency in Ripple Network, XRP is fast and simple. Compared with other cryptocurrencies, users prefer to use XRP and Ripple Network for cross international or large remittance. For example, the confirmation time of Bitcoin payment takes 40 minutes, while the time of XRP payment is only a few seconds, and the trading fee is also very low. However, the XRP is not perfect. Its issuing method and circulation have been criticized. Since its issuance in 2011, the current circulation of XRPs in the market has exceeded 40 billion, but this also includes 20 billion of the three founders. This means that the actual circulation of XRPs is barely more than the total ownership of the three founders. In addition, Ripple sells and releases XRPs through a third party on a monthly basis, which is not consistent with the decentralized concept pursued by the cryptocurrency community.


Ripple (XRP) Crypto Wallet

In addition to placing XRP in the Gate.io exchange to facilitate trading, XRP can also be placed in a crypto wallet.

There is no official wallet for Ripple (XRP). You can choose any trusted hot and cold wallet that supports the storage of XRPs.

FAQs

1. What determines the price movement of XRP?

There are two schools of thought in determining the price of XRP.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of XRP, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of XRP from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of XRP on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for XRP as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for XRP and the cryptocurrency market as a whole.

XRP (XRP) News

XRP (XRP) Announcements

Gate.io Supports Lend & Earn WLD/XRP/KNC: Real-Time APR Reaches 21.9%

Gate.io supports Lend & Earn WLD/XRP/KNC. The high real-time APR ranges from 15.77% to 21.9%.
readings: 9703Posted:

Gate.io Supports COREUM Airdrop to Holders of Coreum (COREUM), Sologic (SOLO) , and XRP (XRP)

In order to incentivize more crypto communities to participate in the Coreum eco_, the Core team has decided to unlock and airdrop 100,000,000 COREUM tokens to COREUM holders and 50M xCOREUM tokens to SOLO and XRP holders. Gate.io will support this airdrop plan.
readings: 30255Posted:

Gate.io Supports the Flare Network (FLR) Airdrop to XRP (XRP) Holders

FLR,XRP
readings: 23793Posted:

Gate.io Has Added A 16-Day Time-Limited Reward (As High As 650,219 SYLO) to ETH/USDT, BTC/USDT,DOGE/...

A 16-day time-limited bonus (650,219 SYLO per total) has been added to ETH/BTC, DOT/USDT, FIL/USDT, and XRP/USDT liquidity mining pools. Welcome to join ETH/BTC, DOT/USDT, FIL/USDT, and XRP/USDT pools and earn returns! To Earn Returns Right Now! Gate.io has launched...
readings: 31542Posted:

Gate.io Blog:Behind the Scene:SEC vs. Ripple Lawsuit

【TL; DR】 With the evolution of cryptocurrencies, classifying digital assets as currency or securities has been the crux of the SEC's issue. Chief of which is the SEC vs. Ripple lawsuit filed in 2020 by the Securities and Exchange Commission against Ripples Lab Inc. In 2015, the Justice De...
readings: 69686Posted:

Gate.io Distributed SOLO Airdrop to XRP Holders

According to SOLO token airdrop announcement, a total of 100,000,000 SOLO tokens were allocated to all eligible XRP holders based on a snapshot taken on Dec 24th, 2021 8:00 PM UTC. Gate.io has now distributed SOLO to all eligible XRP users based on the ratio announced by the SOLO team, that is 1 XRP...
readings: 74813Posted:
Date
Market Cap
Volume
Open
Close
2024-02-21
$1.79B$30.76B$0.5633N/A
2024-02-20
$1.04B$30.66B$0.5624$0.5633
2024-02-19
$620.41M$30.39B$0.5570$0.5624
2024-02-18
$729.92M$30.02B$0.5500$0.5570
2024-02-17
$1.46B$30.84B$0.5651$0.5500
2024-02-16
$1.79B$30.71B$0.5627$0.5651
2024-02-15
$1.12B$29.34B$0.5382$0.5627