XRP

XRP Price

About XRP

XRP is a decentralized digital asset designed for high-performance global payments and efficient asset exchange on the XRP Ledger Layer 1 network.

• It enables near-instant cross-border settlements that finalize (permanently record) in 3 to 5 seconds.

• The network uses a consensus protocol (agreement on transaction order) instead of energy-intensive mining to secure transactions.

• Its primary function is to act as a bridge between different fiat currencies to lower liquidity (asset availability) costs.

What Is XRP

XRP is the native token of the XRP Ledger, a decentralized, open-source blockchain. Its main value proposition is providing a fast, cost-effective alternative to traditional banking systems for moving value across borders. The token is put to work by facilitating currency swaps and protecting the network from spam by requiring a small amount of XRP to be burned (destroyed) for every transaction. As the ecosystem grows and more institutions use the ledger for settlement, the asset serves as a bridge to provide liquidity for a wider range of global currency pairs.

What Is the Difference Between XRP, XRP Ledger, Ripple, and Ripple Network?

• XRP is the native token and the ticker symbol of the XRP Ledger 

• XRP Ledger is the distributed consensus ledger 

• Ripple (formerly known as Ripple Labs) is the company behind Ripple Network 

• Ripple Network is a global network payment built on top of the XRP Ledger 

What Makes XRP Unique

• Federated Consensus: Unlike most blockchains, it does not use Proof of Work or Proof of Stake. Trusted nodes agree on transaction order through a unique consensus method.

• Native Decentralized Exchange: The ledger features a built-in exchange (a platform for trading without intermediaries) that allows for the automated trading of any tokenized asset.

• Speed and Scalability: The network handles a sustained throughput of 1,500 transactions per second (TPS) with 3–5 second finality.

What Can You Use XRP for?

• Bridge Asset: It acts as a neutral liquidity tool to move value between two different fiat currencies without requiring pre-funded accounts.

• Spam Prevention: A tiny portion of XRP is burned during each transaction to prevent malicious actors from overloading the network.

• Inventory Collateral: Financial institutions use the asset as collateral (an asset held to secure a trade) to access traditional markets and manage digital asset infrastructure.

How Does XRP (Ripple) Work?

The XRP Ledger maintains its integrity through the XRP Ledger Consensus Protocol. Unlike Bitcoin, which relies on "probabilistic finality" (waiting for more blocks), XRPL achieves "deterministic finality."

1. The UNL (Unique Node List): Each participant (server) chooses a specific set of trusted validators, known as a Unique Node List. These nodes are trusted not to collude against the network.

2. Iterative Slating: Transactions are collected into a "candidate set." Validators share their sets and vote on which transactions are valid.

3. The 80% Threshold: Through several rounds of communication, the candidate sets are refined. A transaction is only permanently recorded (closed in a ledger) once it receives a supermajority of at least 80% agreement from the UNL.

4. The Burn Mechanism: To prevent Distributed Denial of Service (DDoS) attacks, every transaction "burns" a tiny amount of XRP (the base fee). This cost increases if the network is under heavy load, making spam economically impossible.

Team Info and Investors

Ripple was first started in 2004 by Ryan Fugger, who developed the first version of Ripple, called RipplePay. In 2012, Fugger handed it to Jed McCaleb and Chris Larsen, where they co-founded OpenCoin. In 2013, OpenCoin then rebranded to Ripple Labs Incorporated. In 2016, Ripple Labs rebranded to Ripple. Chris is currently the Executive Chairman of Ripple.  Notable investors and partners include major financial institutions, though the network itself remains open-source and decentralized.

Institutional Adoption

• Spot XRP ETFs: The SEC approved the first wave of spot XRP ETFs in November 2025. Major issuers currently offering these products include Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton. These funds are listed on major exchanges such as NYSE Arca, Nasdaq, and Cboe BZX.

Where can you buy XRP?

XRP tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade XRP is Coinbase Exchange, where the most active trading pair XRP/USD has a trading volume of $127,955,266.91 in the last 24 hours. Other popular options include Binance and Kraken.

What is the daily trading volume of XRP (XRP)?

The trading volume of XRP (XRP) is $2,432,600,802.10 in the last 24 hours, representing a -7.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for XRP (XRP)?

XRP (XRP) reached an all-time high of $3.65 and an all-time low of $0.002686. It’s now trading -63.70% below that peak and 49,232.10% above its lowest price.

What is the market cap of XRP (XRP)?

Market capitalization of XRP (XRP) is $81,285,765,895 and is ranked #5 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of XRP tokens (61 Billion tokens are tradable on the market today).

What is the fully diluted valuation of XRP (XRP)?

The fully diluted valuation (FDV) of XRP (XRP) is $132,487,879,699. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Billion XRP tokens are in circulation today. Depending on how the emission schedule of XRP tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of XRP compare against its peers?

With a price decline of -8.40% in the last 7 days, XRP (XRP) is underperforming the global cryptocurrency market which is down -5.30%, while underperforming when compared to similar FTX Holdings cryptocurrencies which are down -5.70%.