XRP

XRP Price

(XRP)
$0.22464 (-0.41%)
Rank #3
Market Cap$9,726,956,453 USD
24h Volume$1,135,031,895 USD (0.88%)
Circulating Supply43,299,885,509 XRP
Total Supply99,991,280,558 XRP

XRP Price Chart

What Is XRP's Price Today?

XRP (XRP) is trading at $0.22464 USD, increasing by 0.88% since yesterday. XRP has traded $1,135,031,895 USD in the last 24 hours.

XRP (XRP) is the #3 largest cryptocurrency by market cap as of December 04, 2020, with a market cap of $9,726,956,453 USD.

What Is XRP Cryptocurrency (XRP)?

The digital payment protocol is the key characteristic that makes Ripple so popular and widely known across the globe. Ripple functions as an open-source and peer-to-peer decentralized platform that assures perfectly smooth, money transfer in any form. Its platform is more popular than the cryptocurrency itself-XRP.

Understanding how the system works, it is maybe the simplest to envision it as a money-transferring structure with two parties on each side of the transaction, where both of the sides use their go-to path to receive money. Just like any other cryptocurrency, Ripple was built aiming to create a distributed ledger network which requires the parties to join and validate the transactions rather than simply focusing on one centralized authority. This makes possible for Ripple to facilitate all of the transactions worldwide with low transfer fees compared to other platforms or currencies.

Unlike other digital assets, all of the XRP transfers are done in an extremely fast manner and require almost no confirmation time. Ripple’s technology is the one thing that stands out and clearly makes Ripple specialized compared to other crypto projects. Its main process is the payment settlement exchanges but also the remittance system that is similar to the SWIFT system that is used for international money transfers mainly used by banks.

Ripple doesn’t use blockchain mining, instead, it uses a consensus mechanism with the help of multiple servers that confirm the transaction. A lot less energy is needed to process the transaction, especially compared to Bitcoin and it also gets confirmed in a few seconds with extremely low costs.

What Is Ripple’s XRP?

XRP, the digital currency of Ripple, represents a strong connection to other currencies, no matter whether that is fiat currency or another digital asset. This makes it easier for any currency to get an exchange for other currencies.

The XRP token is mainly used to provide balance and it can be used to pay transaction fees. Every transaction is subject to e 0.00001 XRP fees which later gets burned and is no longer available. Ripple uses this method as a safety trick to avoid spam attempts in the RippleNet. The transaction fees are often referred to as 10 drops or the tiniest unit related to the XRP token.

XRP doesn’t get mined but it is already fully distributed. More than 100 billion XRP were issued and 63 billion are still owned by RippleLabs. The XRP token is autonomous and free from the organization which means that if Ripple closes, XRP will still continue to exist. As with the mostly-used SWIFT transfers, the XPR transactions involve price risks that are usually affected by price fluctuations. Since an average transaction in the RippleNET is finished in 5 seconds, the risks of strong fluctuations are lower than those with the SWIFT transfer that usually take up to a few days.

How Does  Ripple Work?

The Ripple network doesn’t use the proof-of-work system, which means that the transactions rely on the consensus protocol and are guaranteed by the validating account balances and transactions on the system so everything is done in the right manner.

The entire consensus operates to improve the integrity of the system by preventing the common double-spending issue. Every ripple user is able to start a transaction with a few gateways but if he or she sends the same $100 to the gateway systems will have all but the first transaction erased. The confirmations are fast and take up to 5 seconds. Since there’s no central authority that can decide who set up a node and confirms transactions, Ripple is seen as decentralized.

The financial transaction history can be accessed by everyone since it is publicly recorded and is available on the blockchain but the data never gets linked to identification and information to a person or a business.

Ripple Price Prediction (Long Term)

The Ripple price first started at the $0.06 level but as a result of the conclusion of many partnerships with all kinds of banks, the XRP price began to grow rapidly since 2014.

The first peak of the Ripples price was in May 2017 when the new offices opened in Mumbai and Singapore. At that point, the Ripple price was $0.4. The second peak happened in 2018 when XRP’s price forecast was set at reaching $4, but it only reached $3.84. During this year, the cost of the coin was dropping and its rate dropped to 0.29 by September.

The Ripple price prediction shows that XRP is a high-risk 1-year investment option since the price of the coin could drop to $0.04 in just a year. As a long-term investment, XRP is supposed to be in a better buying place with a bullish price prediction since the crypto is expected to increase gradually and reach a level of $0.46 in 2020.

At the time of writing, XRP initiated a bearish trend for the XRP/USD pair according to the charts.

How Many XRP Coins Are There?

There are currently 43,299,885,509 XRP coins circulating out of a max supply of 100,000,000,000.

Buying/Selling XRP On Cryptocurrency Exchanges

XRP is trading on 685 markets. In the last 24 hours, XRP was most traded on Kraken, Dsdaq, and Xtheta Global. The most traded XRP pairs in the last 24 hours are XRP/USDT, XRP/BTC, and XRP/USD.

How To Buy Ripple (XRP): Where To Buy Ripple In 2020?

XRP Markets

#ExchangeMarketVolume (24hr)
Price
Volume %
1KrakenXRP/BTC
2 months ago
$3,116,059,320
239,890 BTC
$0.29045274.53%
2DsdaqXRP/USDT
6 minutes ago
$908,094,108
907,620,491 USDT
$0.5942380.01%
3Xtheta GlobalXRP/USDT
3 minutes ago
$908,076,145
907,602,538 USDT
$0.5936780%
4Hydax ExchangeXRP/USDT
6 minutes ago
$908,059,798
907,613,444 USDT
$0.5941880%
5BitribeXRP/USDT
6 minutes ago
$908,058,758
907,612,404 USDT
$0.5942780%
6HBTCXRP/USDT
6 minutes ago
$908,046,394
907,600,046 USDT
$0.5936780%
7Mexo ExchangeXRP/USDT
3 minutes ago
$908,046,394
907,600,046 USDT
$0.5936780%
8BideskXRP/USDT
6 minutes ago
$908,033,639
907,587,297 USDT
$0.5936880%
9ChilizXRP/USDT
30 minutes ago
$904,188,268
903,743,817 USDT
$0.597579.66%
10BinanceXRP/USDT
5 minutes ago
$529,713,135
529,436,863 USDT
$0.5961146.67%
11ZG.comXRP/USDT
3 minutes ago
$368,594,298
368,402,058 USDT
$0.594532.47%
12Binance.KRXRP/USDT
6 minutes ago
$288,869,915
288,727,922 USDT
$0.5938125.45%
13ChilizXRP/BTC
30 minutes ago
$288,115,333
15,185 BTC
$0.5952225.38%
14DsdaqXRP/BTC
3 minutes ago
$286,873,025
15,119 BTC
$0.5929525.27%
15Hydax ExchangeXRP/BTC
6 minutes ago
$286,871,462
15,119 BTC
$0.5929525.27%
16BitribeXRP/BTC
3 minutes ago
$286,871,462
15,119 BTC
$0.5929525.27%
17HBTCXRP/BTC
6 minutes ago
$286,869,486
15,119 BTC
$0.5925725.27%
18BideskXRP/BTC
6 minutes ago
$286,869,486
15,119 BTC
$0.5925725.27%
19Xtheta GlobalXRP/BTC
6 minutes ago
$286,869,486
15,119 BTC
$0.5925725.27%
20Mexo ExchangeXRP/BTC
6 minutes ago
$286,869,486
15,119 BTC
$0.5925725.27%
21BinanceXRP/USDT
3 minutes ago
$280,981,719
280,843,603 USDT
$0.5989224.76%
22BybitXRP/USD
5 minutes ago
$188,135,468
188,135,468 USD
$0.595516.58%
23IDCMXRP/USDT
6 minutes ago
$179,873,025
179,784,608 USDT
$0.594415.85%
24Huobi GlobalXRP/USD
5 minutes ago
$173,673,820
173,673,820 USD
$0.5955215.3%
25BitZXRP/USDT
6 minutes ago
$169,429,022
169,340,657 USDT
$0.5938814.93%
26CoinTigerXRP/USDT
5 minutes ago
$164,455,148
164,369,377 USDT
$0.5962114.49%
27UpbitXRP/KRW
3 minutes ago
$161,501,521
175,206,416,888 KRW
$0.6000814.23%
28VCC ExchangeXRP/USDT
6 minutes ago
$152,129,220
152,054,442 USDT
$0.5940313.4%
29Huobi GlobalXRP/USDT
3 minutes ago
$128,771,532
128,708,235 USDT
$0.5986811.35%
30BithumbXRP/KRW
3 minutes ago
$118,053,912
128,082,748,193 KRW
$0.6009510.4%
31VinDAXXRP/USDT
6 minutes ago
$108,191,892
108,138,710 USDT
$0.592549.53%
32BitrueXRP/USDT
6 minutes ago
$102,981,264
102,930,644 USDT
$0.593879.07%
33LBankXRP/USDT
6 minutes ago
$98,676,733
98,628,229 USDT
$0.593378.69%
34Coinbase ProXRP/USD
3 minutes ago
$90,167,988
90,167,988 USD
$0.59897.94%
35ZB.COMXRP/USDT
6 minutes ago
$70,381,624
70,347,028 USDT
$0.594096.2%
36Bitcoin.com ExchangeXRP/USDT
4 minutes ago
$66,345,426
66,310,824 USDT
$0.5925.85%
37HitBTCXRP/USDT
6 minutes ago
$66,343,434
66,310,824 USDT
$0.591985.85%
38Changelly PROXRP/USDT
12 minutes ago
$66,336,974
66,302,376 USDT
$0.591895.84%
39Binance.KRXRP/BTC
6 minutes ago
$66,018,228
3,479 BTC
$0.593525.82%
40FTXXRP/USD
5 minutes ago
$65,417,380
65,417,380 USD
$0.595625.76%
41BitMEXXRP/USD
5 minutes ago
$64,753,169
64,753,169 USD
$0.59675.7%
42BinanceXRP/BTC
3 minutes ago
$64,727,566
3,411 BTC
$0.595795.7%
43BitZXRP/USDT
5 minutes ago
$57,334,661
57,306,478 USDT
$0.595695.05%
44BitstampXRP/USD
4 minutes ago
$53,663,296
53,663,296 USD
$0.5974.73%
45WBF ExchangeXRP/USDT
6 minutes ago
$51,959,819
51,932,720 USDT
$0.595314.58%
46BitbankXRP/JPY
6 minutes ago
$50,647,867
5,264,592,554 JPY
$0.592864.46%
47Binance JEXXRP/USDT
5 minutes ago
$45,868,562
45,816,275 USDT
$0.247714.04%
48OKExXRP/USDT
4 minutes ago
$44,205,593
44,182,538 USDT
$0.597213.89%
49OKExXRP/USDT
5 minutes ago
$43,667,600
43,644,826 USDT
$0.595513.85%
50OKExXRP/USD
5 minutes ago
$43,412,920
43,412,920 USD
$0.59583.82%
51SistemkoinXRP/TRY
6 minutes ago
$42,972,103
334,670,394 TRY
$0.595653.79%
52CoinbitXRP/KRW
6 minutes ago
$41,982,619
45,549,097,559 KRW
$0.596343.7%
53BitgetXRP/USDT
5 minutes ago
$39,216,254
39,195,801 USDT
$0.596013.46%
54PayBitoXRP/USDT
6 minutes ago
$38,650,656
38,630,498 USDT
$0.592583.41%
55DigiFinexXRP/USDT
6 minutes ago
$34,561,589
34,544,600 USDT
$0.593893.04%
56Hotcoin GlobalXRP/USDT
6 minutes ago
$29,659,144
29,644,565 USDT
$0.593752.61%
57CoinoneXRP/KRW
4 minutes ago
$28,994,111
31,454,529,624 KRW
$0.600262.55%
58BitForexXRP/USDT
6 minutes ago
$28,045,207
28,031,421 USDT
$0.593742.47%
59SistemkoinXRP/USDT
6 minutes ago
$28,004,825
27,991,060 USDT
$0.594042.47%
60KrakenXRP/USD
3 minutes ago
$27,407,876
27,407,876 USD
$0.598962.41%
61BKEXXRP/USDT
6 minutes ago
$27,075,066
27,061,757 USDT
$0.593992.39%
62CoinBeneXRP/USDT
6 minutes ago
$24,382,033
24,369,317 USDT
$0.594162.15%
63CoinBeneXRP/BTC
6 minutes ago
$22,797,756
1,202 BTC
$0.593522.01%
64CDAXXRP/USDT
6 minutes ago
$22,704,717
22,693,556 USDT
$0.593692%
65LOEXXRP/USDT
6 minutes ago
$22,611,002
22,599,888 USDT
$0.593691.99%
66SistemkoinXRP/BTC
3 minutes ago
$22,247,444
1,173 BTC
$0.593141.96%
67BitfinexXRP/USD
4 minutes ago
$22,058,492
22,058,492 USD
$0.59691.94%
68SistemkoinXRP/ETH
6 minutes ago
$21,822,132
36,915 ETH
$0.595291.92%
69KrakenXRP/USD
5 minutes ago
$20,470,108
20,470,108 USD
$0.59591.8%
70BBXXRP/USDT
6 minutes ago
$19,994,509
19,984,081 USDT
$0.593111.76%
71DigiFinexXRP/BTC
6 minutes ago
$19,755,738
1,041 BTC
$0.593521.74%
72ZBGXRP/USDT
5 minutes ago
$19,636,495
19,626,254 USDT
$0.595811.73%
73KrakenXRP/EUR
3 minutes ago
$18,539,765
15,249,550 EUR
$0.598721.63%
74BitstampXRP/EUR
4 minutes ago
$17,560,401
14,439,216 EUR
$0.598031.55%
75Binance.KRXRP/BUSD
6 minutes ago
$17,555,291
17,546,518 BUSD
$0.594311.55%
76BiboxXRP/USDT
6 minutes ago
$17,090,944
17,082,543 USDT
$0.593411.51%
77BinanceXRP/BUSD
3 minutes ago
$17,044,425
17,035,907 BUSD
$0.599321.5%
78VCC ExchangeXRP/BTC
6 minutes ago
$16,676,901
879 BTC
$0.593711.47%
79ZBGXRP/USDT
6 minutes ago
$16,207,665
16,199,698 USDT
$0.592751.43%
80BigONEXRP/USDT
6 minutes ago
$15,673,020
15,664,846 USDT
$0.594021.38%
81CBXXRP/USDT
6 minutes ago
$15,669,120
15,661,418 USDT
$0.593871.38%
82BitayXRP/TRY
6 minutes ago
$15,185,593
118,266,692 TRY
$0.596971.34%
83EXXXRP/USDT
6 minutes ago
$14,868,417
14,861,108 USDT
$0.593691.31%
84DcoinXRP/USDT
6 minutes ago
$14,306,801
14,299,769 USDT
$0.593821.26%
85BitrueXRP/BTC
6 minutes ago
$13,430,121
708 BTC
$0.593521.18%
86FolgoryXRP/USDT
6 minutes ago
$13,132,906
13,126,451 USDT
$0.592871.16%
87BiKiXRP/USDT
5 minutes ago
$13,092,814
13,086,379 USDT
$0.595891.15%
88PhemexXRP/USDT
6 minutes ago
$11,956,939
11,951,062 USDT
$0.593451.05%
89ZB.COMXRP/QC
6 minutes ago
$11,713,026
75,339,062 QC
$0.592341.03%
90CoinTigerXRP/USDT
6 minutes ago
$11,613,449
11,607,740 USDT
$0.592931.02%
91Coinbase ProXRP/EUR
3 minutes ago
$11,367,508
9,350,139 EUR
$0.599371%
92COREDAXXRP/KRW
6 minutes ago
$11,218,794
12,170,812,003 KRW
$0.596390.99%
93BtcTurk | ProXRP/TRY
3 minutes ago
$10,784,494
83,990,555 TRY
$0.599890.95%
94SistemkoinXRP/USD
6 minutes ago
$10,687,205
10,687,205 USD
$0.593760.94%
95BitrueADA/XRP
6 minutes ago
$9,771,754
62,833,799 ADA
$0.594690.86%
96OKExXRP/BTC
4 minutes ago
$9,473,905
499 BTC
$0.594840.83%
97ParibuXRP/TRY
3 minutes ago
$9,462,513
73,694,858 TRY
$0.603230.83%
98Huobi GlobalXRP/BTC
3 minutes ago
$9,440,153
498 BTC
$0.595740.83%
99PhemexXRP/USD
5 minutes ago
$9,352,312
9,352,312 USD
$0.59450.82%
100FolgoryXRP/BTC
6 minutes ago
$9,315,914
491 BTC
$0.591620.82%
585 additional market pairs not shown

XRP Fundamentals

% of supply in circulation
43.3%