#7 rank
Xrp xrp
Xrp Price in USD
$0.528
0.39%0 ETH
0 BTC
Price Change
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Xrp Price Statistics
Current Price
$0.528
Fully Diluted MarketCap
$62,710,283,775
Total Volume
945,957,201
Total Supply
99,987,738,355
Circulating Supply
54,942,400,126
What is XRP?
XRP ledger, developed by Ripple Labs, is a blockchain designed to use banks and financial institutions to settle transactions.
XRP is the cryptocurrency utilized in the Ripple network, which facilitates the exchange between two different currencies
The Team Behind XRP
Ripple Labs was formed by Chris Larsen and Jed McCaleb in 2012.
McCaleb had left to form Stellar(XLM), a similar blockchain used to facilitate transactions for Banks.
In Dec 2020, Ripple Labs was sued by the SEC for being unregistered security. The lawsuit has yet to be settled
Value Driver for XRP
The main reasons to invest in Ripple:
1. Fast settlement of transactions
2. Targeting banks and financial institutions
3. Its been a top 10 cryptocurrency by market value
4. There are concerns that the founders control the majority of XRP, thus centralized
5. The lawsuit against XRP is something to consider before investing
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FAQs
The current price of Xrp is USD 0.528.
The total supply of Xrp is 99,987,738,355 and circulating supply of Xrp is 54,942,400,126
The trading volume of Xrp is 945,957,201 in the last 24 hours.