XRP

XRP price

XRP
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$0.43036

+$0.02841 (+7.07%)

24H
  • 1H
  • 24H
  • 1W
  • 1M
  • 1Y
  • ALL
ALL
1Y
1M
1W
24H
1H
Market cap
$20.83B
Volume (24h)
$2.24B
Circulating supply
48,343,101,197

Trade

Spot
Margin
Contract
Options
PairPriceChangeAction
XRP/USDT
₮0.43$0.44
+7.06%
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Overview
Analysis

About XRP (XRP)

Ripple is the name of a San Francisco-based fintech company that created and implemented the XRP Ledger, or XRPL, in 2012 — known at the time as the Ripple Consensus Ledger. XRP is the XRPL's native cryptocurrency. However, you'll often see Ripple used to refer to both the company and the currency. Ripple's goal is to improve payments among traditional financial institutions, such as banks and other money service providers. Since wire-transfer technology hasn't been updated in decades, global payments are often expensive and can take days to finalize. In contrast, transactions on the XRP Ledger settle in just 3–5 seconds, with negligible fees. The XRP Ledger is a distributed database of all users' balances, maintained by independent validator nodes. In place of Bitcoin's resource-intensive proof-of-work, XRPL uses a mechanism called the XRP Ledger Consensus Protocol to ensure nodes agree with a single history of previous transactions. Validators evaluate changes to the ledger proposed by a Unique Node List — their own selection of trusted validator nodes. Since UNLs consist of participants trusted to not collude with one another, arriving at consensus and processing transactions is much quicker than currently possible in systems where all participants are presumed to be adversarial (such as with Bitcoin). Ripple also manages a payments network built on the XRPL called RippleNet. As of 2021, it offers more than 300 financial institutions a range of products to speed up and reduce the cost of international transactions. Although RippleNet members can use XRP as a bridging currency when making global payments via its on-demand liquidity product, the network also supports transactions in a range of traditional currencies and assets.

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About the founders

David SchwartzCTO

David is one of the original architects of the Ripple consensus network. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). Known as “JoelKatz,” he is a respected voice in the digital currency community.

Ron WillCFO

Before joining Ripple, he was the CFO at TubeMogul, Inc., a public advertising software company based in Emeryville, California that was acquired by Adobe for $540 million. Prior to TubeMogul, Ron was CFO, Chief Compliance Officer and Operating Partner at Mainsail Partners, a growth equity firm with more than $750 million in committed capital. Ron also held a CFO role at BrightRoll, Inc., a video advertising platform, where he helped scale the company and grow revenue by 500% in four years.

XRP FAQ
How to buy Ripple (XRP)?

You can buy Ripple's XRP quickly and securely here on OKEx. Our trusted, user-friendly cryptocurrency trading platform is among the world's most advanced and always offers the best current USD/XRP price available.

We provide cryptocurrency buying services tailored to different experience levels:

Quick trade: Inexperienced users can buy XRP quickly and easily with a range of widely accepted payment methods.

Exchange: Our cutting-edge exchange platform includes more advanced features and regularly sees trading volumes in the billions of dollars.

OKEx OTC: High net worth and institutions can invest in XRP in larger quantities via our OTC trading desk.

What is XRP/Ripple?

Ripple is the name of the software company that created the XRP Ledger, on which XRP operates. Ripple itself offers financial institutions a range of payment products that enable fast and cheap cross-border payments. The company also forges partnerships with global financial institutions wanting to modernize their payments infrastructure.

XRP is a permissionless digital currency that settles in seconds without reliance on central intermediaries. The open-source XRP Ledger on which XRP transacts does not need the support of Ripple to exist. However, the company does play a large role in developing the network, as well as holding part of the XRP supply.

How is XRP used?

XRP is one of a series of products offered to RippleNet users. It serves as a bridging currency when making international transactions.

Those wanting to use Ripple's services to make fast, cheap cross-border transactions can choose to first convert funds to XRP, since XRP settlement takes seconds compared to the days required to settle transactions using legacy systems.

When the XRP arrives at its destination, it can be exchanged back to the local fiat currency or another asset. Although RippleNet users do not actually need to use XRP at all, it does eliminate the need to pre-fund accounts in multiple markets, freeing up capital for more productive uses.

Like many cryptocurrencies, XRP has a fixed total supply. This encourages speculation on future price increases. Those choosing to invest believe demand for RippleNet's On-Demand Liquidity service from financial institutions that the company works with will drive the XRP price.

How to invest in Ripple (XRP)?

Investing in Ripple's XRP is both secure and straightforward here at OKEx. Our state-of-the-art trading platform allows deposits in more than 30 fiat currencies using a range of popular payment methods. Just sign up for an account and confirm your email. You'll be ready to invest in Ripple at the very best XRP price in just a few minutes.

OKEx supports numerous XRP trading pairs including XRP/USD, XRP/USDT, XRP/BTC and XRP/ETH. Fund your account with any supported currency to get exposure to XRP's price today.

What is the difference between XRP and XLM?

XRP and the native currency of the Stellar network, Lumens (XLM), have a lot in common. They share a founder, Jed McCaleb, and both seek to address shortcomings with the legacy banking system. Both networks support their own cryptocurrencies as well as tokenized representations of other assets.

The first major difference between XRP and XLM is their target markets. Ripple works primarily with banks and other financial institutions, while Stellar focuses more on individuals. Also, the two use slightly different mechanisms to arrive at consensus.

Finally, the total supply of XRP is 100 billion compared to XLM's 50 billion. While all units of both cryptocurrencies were created prior to launch, their initial distributions were different. Ripple, the company, continues to hold a large percentage of the total XRP supply. Meanwhile, the Stellar Development Foundation spread the XLM circulating supply among a wider range of potential users. This included holders of BTC and XRP.

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XRP price statistic

Price today
XRP price
$0.43036
Price change (24h)
+$0.02841
+7.07%
Low and high (24h)
$0.39584Low
$0.43442High
Volume (24h)
$2.24B
Circulating supply
48,343,101,197
Market cap
$20.83B

Found any mistakes?

XRP FAQ
How to buy Ripple (XRP)?

You can buy Ripple's XRP quickly and securely here on OKEx. Our trusted, user-friendly cryptocurrency trading platform is among the world's most advanced and always offers the best current USD/XRP price available.

We provide cryptocurrency buying services tailored to different experience levels:

Quick trade: Inexperienced users can buy XRP quickly and easily with a range of widely accepted payment methods.

Exchange: Our cutting-edge exchange platform includes more advanced features and regularly sees trading volumes in the billions of dollars.

OKEx OTC: High net worth and institutions can invest in XRP in larger quantities via our OTC trading desk.

What is XRP/Ripple?

Ripple is the name of the software company that created the XRP Ledger, on which XRP operates. Ripple itself offers financial institutions a range of payment products that enable fast and cheap cross-border payments. The company also forges partnerships with global financial institutions wanting to modernize their payments infrastructure.

XRP is a permissionless digital currency that settles in seconds without reliance on central intermediaries. The open-source XRP Ledger on which XRP transacts does not need the support of Ripple to exist. However, the company does play a large role in developing the network, as well as holding part of the XRP supply.

How is XRP used?

XRP is one of a series of products offered to RippleNet users. It serves as a bridging currency when making international transactions.

Those wanting to use Ripple's services to make fast, cheap cross-border transactions can choose to first convert funds to XRP, since XRP settlement takes seconds compared to the days required to settle transactions using legacy systems.

When the XRP arrives at its destination, it can be exchanged back to the local fiat currency or another asset. Although RippleNet users do not actually need to use XRP at all, it does eliminate the need to pre-fund accounts in multiple markets, freeing up capital for more productive uses.

Like many cryptocurrencies, XRP has a fixed total supply. This encourages speculation on future price increases. Those choosing to invest believe demand for RippleNet's On-Demand Liquidity service from financial institutions that the company works with will drive the XRP price.

How to invest in Ripple (XRP)?

Investing in Ripple's XRP is both secure and straightforward here at OKEx. Our state-of-the-art trading platform allows deposits in more than 30 fiat currencies using a range of popular payment methods. Just sign up for an account and confirm your email. You'll be ready to invest in Ripple at the very best XRP price in just a few minutes.

OKEx supports numerous XRP trading pairs including XRP/USD, XRP/USDT, XRP/BTC and XRP/ETH. Fund your account with any supported currency to get exposure to XRP's price today.

What is the difference between XRP and XLM?

XRP and the native currency of the Stellar network, Lumens (XLM), have a lot in common. They share a founder, Jed McCaleb, and both seek to address shortcomings with the legacy banking system. Both networks support their own cryptocurrencies as well as tokenized representations of other assets.

The first major difference between XRP and XLM is their target markets. Ripple works primarily with banks and other financial institutions, while Stellar focuses more on individuals. Also, the two use slightly different mechanisms to arrive at consensus.

Finally, the total supply of XRP is 100 billion compared to XLM's 50 billion. While all units of both cryptocurrencies were created prior to launch, their initial distributions were different. Ripple, the company, continues to hold a large percentage of the total XRP supply. Meanwhile, the Stellar Development Foundation spread the XLM circulating supply among a wider range of potential users. This included holders of BTC and XRP.