Stay up-to-date with the latest XRP (XRP) crypto coin price, market cap, and chart data to make informed decisions about your cryptocurrency investments.
Current XRP (XRP) Crypto Coin Value: $0.4472
The present value of XRP (XRP) crypto coin stands at $0.4472. This live price update will help you keep track of your XRP (XRP) investments and make timely decisions based on market movements.
XRP (XRP) Crypto Market Capitalization: $23.18 B
With a market capitalization of $23.18 B, XRP (XRP) is an essential player in the cryptocurrency market. This section will provide insights into the overall market position of XRP (XRP) and its significance in the crypto ecosystem.
XRP (XRP) Price Fluctuation: 0.22% up in the Last 24 Hours
Over the past 24 hours, XRP (XRP) has undergone a 0.22% up price fluctuation. In this section, we'll analyze the factors contributing to these changes and discuss potential future trends for XRP (XRP).
XRP (XRP) Crypto Coin Performance Charts
Visualize the performance of XRP (XRP) coin with interactive and easy-to-read charts. Track price movements, trading volume, and other essential data to stay informed about the latest trends in the XRP (XRP) market.
XRP (XRP) Crypto Coin 24-hour Chart: Get a snapshot of XRP's performance over the last 24 hours.
XRP (XRP) Crypto Coin 7-day Chart: Analyze XRP's trends over the past week to understand its market behavior.
XRP (XRP) Crypto Coin 30-day Chart: Gain a broader perspective on XRP's performance with a monthly chart.
XRP (XRP) Crypto Coin Year-to-Date Chart: Review XRP's progress since the beginning of the year for a comprehensive analysis.
What is XRP (XRP) Crypto Coin
Staying informed about the latest XRP (XRP) crypto coin price, market cap, and charts is crucial for making well-informed decisions in the ever-changing world of cryptocurrencies. Keep an eye on these essential metrics to stay ahead of the game and maximize your returns on XRP investments.
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.