XRP Price (XRP)

XRP is a digital asset that powers the XRP Ledger (XRPL), an open-source and decentralized blockchain launched in 2012. Designed for efficiency, XRP facilitates value transfers and various applications within the XRP Ledger ecosystem. The network includes a built-in decentralized exchange (DEX) and native support for tokenization, providing a framework for developers and businesses to create financial tools and digital asset solutions.

XRP operates on the XRP Ledger, which utilizes a Federated Consensus mechanism rather than mining. Independent validators across the network collectively verify transactions and establish agreement on transaction order. This approach enables fast settlement without relying on a central authority. The XRP Ledger remains permissionless, allowing anyone to run a validator node and participate in network operations.

XRP is utilized in various applications, particularly in payments and decentralized finance (DeFi). The XRP Ledger supports remittances, tokenized assets, and decentralized applications, as well as use cases involving central bank digital currencies (CBDCs) and stablecoins. Its fast processing times and built-in functionalities provide a foundation for financial institutions and developers seeking blockchain-based solutions.

XRP and the XRP Ledger were introduced in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto as an alternative blockchain focused on transaction efficiency. Later that year, they, along with Chris Larsen, co-founded Ripple to explore XRP's role in digital payments. A portion of XRP was allocated to Ripple to fund ecosystem development and encourage adoption.

As of December 2024, approximately 57 billion XRP tokens are in circulation out of a fixed total supply of 100 billion. Unlike cryptocurrencies that use mining, all XRP was pre-issued at launch. The remaining tokens are periodically released from escrow, following a controlled distribution model designed to manage supply availability and minimize market disruptions.

XRP’s future value is uncertain and depends on adoption, regulatory factors, and overall market demand. Predicting the price of XRP in 2030 involves speculation, as it is influenced by the expansion of use cases within the XRP Ledger and broader financial trends. While increased adoption could impact its valuation, various market forces contribute to price unpredictability.

Reaching $500 would require substantial market demand, increased adoption, and large-scale use in global transactions. While discussions around XRP’s potential growth continue, such a price level is highly speculative and significantly deviates from historical trends. Market conditions, utility expansion, and external economic factors all play a role in shaping XRP’s valuation.

The XRP Ledger uses a consensus protocol where independent validators determine transaction validity and order. Unlike proof-of-work systems, this approach enhances efficiency while maintaining decentralization. The consensus mechanism is designed to mitigate security threats, ensuring consistent transaction finality and protecting against network manipulation.

XRP can be stored in hardware wallets for offline security or software wallets for easy access via apps or desktop platforms. When choosing a wallet, consider security features, ease of use, and private key management. Using wallets that support self-custody can provide additional control over holdings.

XRP can be sold through cryptocurrency exchanges, where it can be traded for other digital assets or fiat currencies. Peer-to-peer platforms also allow direct transactions between users. Before selling, consider transaction fees, regional regulations, and the reliability of the platform used. Keeping track of trades may help with compliance and reporting requirements.

We update our XRP to USD currency in real-time. Get the live price of XRP on Coinbase.

The current market cap of XRP is $124.93B. A high market cap implies that the asset is highly valued by the market.

The all-time high of XRP is $3.84. This all-time high is highest price paid for XRP since it was launched.

Over the last 24 hours, the trading volume of XRP is $3.16B.

Assets that have a similar market cap to XRP include Tether, BNB, Ethereum, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of XRP is 58 billion.

XRP ranks 4 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 98% of Coinbase users are buying XRP. In other words, 98% of Coinbase customers have increased their net position in XRP over the past 24 hours through trading.

Yes, XRP is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy XRP guide.