XRP(XRP) Price

$3.06 +6.88%

Price of XRP(XRP) Today

The live price of XRP (XRP) is $3.06.The current market capitalization stands at $180.48B, with a 24-hour trading volume of $6.92B.XRP has experienced +6.88% in the last 24 hours and has a circulating supply of approximately 59.13B.These figures are updated in real-time to provide the most accurate market data.

XRP(XRP) Profile

Price Range (24h)

24h Low: $2.86 24h High: $3.06

• ATH: $3.40
• Price Change (1h): +0.23%
• Price Change (24h): +6.88%
• Price Change (7d): +26.30%
• Market Cap: $180.48B
• 24h Vol: $6.92B
• Circulating Supply: 59.13B
• Total Supply: 99.99B

About

What Is Ripple (XRP)?

XRP is the native cryptocurrency of the XRP Ledger (XRPL), an open-source, decentralized blockchain developed to facilitate fast, low-cost international payments. Unlike many other crypto projects, XRP was created with a specific enterprise use case in mind: improving the speed and efficiency of cross-border financial transactions.

The XRP token is used primarily to bridge currencies in real-time, enabling institutions like banks and payment providers to settle global payments in seconds, rather than days. XRP aims to be a practical alternative to outdated financial systems like SWIFT and wire transfers. XRP can be bought on specialized exchanges and XRP can also be traded for using other cryptocurrencies.

Who Created Ripple (XRP)?

The XRP Ledger was first launched in 2012 by developers David Schwartz, Jed McCaleb, and Arthur Britto. They later co-founded Ripple Labs, a fintech company focused on integrating blockchain into traditional finance.

Ripple Labs plays a significant role in developing use cases for XRP and promoting adoption of the XRP Ledger, although the ledger itself is open-source and operates independently of the company.

How XRP Works

XRP runs on the XRP Ledger, which uses a unique consensus protocol called the Ripple Protocol Consensus Algorithm (RPCA). Unlike Bitcoin or Ethereum, XRP doesn’t rely on mining or staking. Instead, a set of independent validators agree on the order and validity of transactions through a fast, energy-efficient process.

This consensus mechanism allows XRP to process 1,500 transactions per second (TPS) with settlement times of around 3–5 seconds, and extremely low fees of typically just a fraction of a cent. Its design prioritizes scalability and reliability, making it ideal for payment infrastructure.

XRP Use Cases

The primary use case for XRP is as a liquidity bridge for cross-border payments. Financial institutions can use XRP to convert from one currency to another instantly, without needing pre-funded accounts in foreign countries. While Ripple Labs promotes XRP's use in enterprise finance, the coin is increasingly used in Web3 applications, NFTs, and DeFi on the XRPL.

XRP Supply and Tokenomics

XRP has a maximum supply of 100 billion tokens, all of which were created at launch. Unlike Bitcoin, there is no mining involved. As of now, a portion of the supply is held in escrow accounts and gradually released to maintain price stability and liquidity.

A small amount of XRP is burned as a transaction fee, making the token slightly deflationary over time. This mechanism prevents spam and network congestion.

XRP(XRP) Price Movements ($)

Period	Amount Change	Change (%)
Today	+$0.197033	+6.88%
7 Days	+$0.637251	+26.30%
30 Days	+$0.724994	+31.05%

XRP(XRP) Conversion Rate

1 XRP to USD
$3.06

FAQ

What is XRP used for?

XRP is primarily used as a bridge currency for fast, low-cost international payments. Financial institutions use XRP to settle cross-border transactions without needing to hold foreign reserves. It’s also used by individuals for cheap remittances, instant crypto transfers, and interacting with apps on the XRP Ledger (XRPL), including wallets, exchanges, and NFTs.

How is XRP different from Bitcoin?

While both are cryptocurrencies, XRP and Bitcoin serve different purposes. Bitcoin is a decentralized, store-of-value asset with a capped supply and energy-intensive mining. XRP, on the other hand, is designed for fast, efficient payment processing, with a pre-mined supply and an energy-efficient consensus model that can process transactions in just a few seconds.

Who controls XRP?

XRP is maintained by a decentralized network of validators across the world, and it operates on an open-source blockchain - the XRP Ledger. However, Ripple Labs, a private company, has played a major role in promoting XRP for institutional use and holds a significant portion of the XRP supply. Despite this, Ripple does not control the XRP Ledger, which operates independently.

Is XRP centralized?

XRP has faced criticism for being more centralized than other cryptocurrencies due to Ripple Labs’ large holdings and early involvement. However, the XRP Ledger is decentralized, with over 100 independent validator nodes globally. Ripple Labs cannot directly alter the ledger or transactions without network consensus.

Can I stake XRP?

Unlike Ethereum or Solana, XRP cannot be staked in the traditional sense because it does not use Proof of Stake (PoS). However, some platforms like the Phemex Flexible Savings product offer XRP interest or yield products, where you lend or deposit XRP and earn passive returns. But note these are not native to the XRP protocol.

Where can I buy and store XRP?

You can buy Ripple (XRP) directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade XRP on the Phemex spot market. After acquiring XRP, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.