About XRP
XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. Built for enterprise use on a global scale, XRP powers cost-efficient cross-border payments.
Trading Insights
Buyer Ratio
Traders
34K
-30.5%
Buyers
25K
-33.19%
Sellers
9.8K
-24.08%
Searched
27K
Market Stats
Market Cap
£105.62B
2.78%
FDV
£175.72B
Circ. Supply
60B XRP
Max Supply
100B XRP
Total Supply
100B XRP
Diluted Valuation
£176.07B
Performance
Popularity
#4
Dominance
4.1%
Volume (24H)
£2.11B
-44.48%
Volume (7D)
£29.80B
Volume (30D)
£64.29B
All time high
£2.92
Price Change (1Y)
316.08%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Wrapped tokens: Wrapped crypto-assets (e.g. cbETH, WBTC) (often referred to as 'wrapped tokens') are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols.
Smart contract risk: Wrapped tokens rely on smart contracts to ensure their value remains pegged to the underlying asset. These contracts could have vulnerabilities or flaws that can be exploited, potentially leading to a loss of funds.
Collateral risk: The value of a wrapped token is typically backed by an equivalent amount of the underlying asset. If the mechanisms ensuring this collateralization fail, the wrapped token's value might not be preserved.
Custodial risk: The underlying assets for wrapped tokens may be held in custody by a third party. If this party becomes insolvent, mismanages the assets, or is subjected to fraud or hacking, the value of the wrapped token might be jeopardized.
Bridging risk: Wrapped tokens are often used to bridge assets between different blockchain ecosystems. The integration layers that facilitate these bridges might suffer from technical issues, hampering the ability to transfer or utilize the tokens as intended.
Pricing disparity: In certain situations, the price of the wrapped asset and its underlying asset might diverge due to market inefficiencies or liquidity issues.
Additional details
Recent trends
The price of XRP has increased by 0.73% in the last hour and increased by 2.45% in the past 24 hours. XRP’s price has also fallen by 7.51% in the past week. The current price is £1.75 per XRP with a 24-hour trading volume of £2.11B. Currently, XRP is valued at 40.05% below its all time high of £2.92. This all-time high was the highest price paid for XRP since its launch.
The current circulating supply of XRP is 60,107,199,237 XRP which means that XRP has as total market cap of £105,619,092,425.77.
Market details
XRP vs markets
↗ 202.45%
XRP vs BTC
↗ 222.6%
XRP vs ETH
↗ 275.5%
Tags
medium-of-exchange
enterprise-solutions
ftx-bankruptcy-estate
2017-2018-alt-season
+3
Network & Addresses
Network | Address | |
|---|---|---|
Base | 0xcb585250f852C6c6bf90434AB21A00f02833a4af | |
XRPL | NA | |
BNB Smart Chain | 0x1D2F0da169ceB9fC7B3144628dB156f3F6c60dBE |
Price history
Time | Price | Change |
|---|---|---|
Today | £1.75 | ↗ 2.15% |
1 Day | £1.72 | ↗ 2.45% |
1 Week | £1.90 | ↘ 7.51% |
1 Month | £2.11 | ↘ 17.54% |
1 Year | £0.43 | ↗ 316.08% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
XRP is the native digital asset of the XRP Ledger (XRPL), an open-source, decentralized technology that was launched in 2021. XRP, the digital currency, was introduced as an alternative to other digital currencies with a focus on speed and energy efficiency. The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol, making it a versatile tool in the digital currency space.
XRP operates on the XRP Ledger, which uses a unique Federated Consensus mechanism to validate transactions. Transactions are confirmed through a consensus protocol, where independent servers, known as validators, agree on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed immediately. The XRP Ledger is transparent and public, and anyone can operate a validator. This Federated Consensus mechanism aims to process all verified transactions without a single point of failure, as no single participant makes a decision independently.
XRP news
Trending articles
Social stats
Popularity in posts
#5599
Contributors
3
Posts
3
% About XRP
0%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
4.0 ★
Highlights
3 unique individuals are talking about XRP and it is ranked #5,599 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, XRP has an average sentiment score of 4.0 out of 5. Finally, XRP is becoming less newsworthy, with 0 news articles published about XRP.
On Twitter, people are mostly neutral about XRP. There were 0% of tweets with bullish sentiment compared to 33.33% of tweets with a bearish sentiment about XRP. 100% of tweets were neutral about XRP. These sentiments are based on 4 tweets.
On Reddit, XRP was mentioned in 0 Reddit posts and there were 0 comments about XRP. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.