XRP

XRP XRP

Price of 1 XRP today (27 July)

$ 0.601

-0.24%

Price Min/Max

24 hrs

$ 0.59

$ 0.61

30 days

$ 0.39

$ 0.64

1 year

$ 0.39

$ 0.74

Market Cap

$ 33,572,712,757

+27.9%

Trading Volume, 24h

$ 1,610,755,385

-33.31%

Supply token

55,960,868,753 XRP 56%

Max Supply

100,000,000,000

Today XRP (XRP) only traded on . The maximum trading volume is observed for the trading pair XRP/USDT and reaches 1.2 bln. dollars (68% of the total volume across all exchanges). During the week, the minimum price for XRP (XRP) is fixed on Sunday at 0.59 cents. Currently, the token XRP is trading in the range of 60.06 cents or 51.65 rubles for 1 XRP.

Price of XRP (XRP)

Exchanges where XRP is traded

	Exchange	Pair	Price	Volume, 24h
1	BTCC	XRP/USDT	$ 0.6 ₮ 0.6014	$ 188,425,615	Go
2	Binance	XRP/USDT	$ 0.6 ₮ 0.6029	$ 164,036,621	Go
3	Upbit	XRP/KRW	$ 0.61 ₩ 840.00	$ 135,112,908	Go
4	Nami.Exchange	XRP/USDT	$ 0.6 ₮ 0.6015	$ 111,044,888	Go
5	Coinsbit	XRP/USDT	$ 0.6 ₮ 0.5977	$ 103,449,211	Go
6	Bybit	XRP/USDT	$ 0.6 ₮ 0.6026	$ 86,285,067	Go
7	Nami.Exchange	XRP/VNST	$ 0.6 VNST 15,443.00	$ 58,226,459	Go
8	Coinbase Exchange	XRP/USD	$ 0.6 $ 0.6039	$ 39,747,917	Go
9	Bullish	XRP/USDC	$ 0.6 USDC 0.6028	$ 36,737,478	Go
10	Binance	XRP/FDUSD	$ 0.6 FDUSD 0.6047	$ 34,433,111	Go

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What is XRP?

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.

Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count.

Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon.

In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense.

XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.