XRP Price (XRP)

XRP is the digital asset that powers the XRP Ledger (XRPL), a decentralized, open-source blockchain introduced in 2012. Designed to be energy-efficient, XRP aims to serve as a tool for transferring value and enabling other use cases on the XRP Ledger. 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 Federated Consensus mechanism for transaction validation. Instead of mining, validators—independent servers across the network—reach consensus on the order and outcome of transactions. This protocol processes verified transactions immediately and ensures that the system functions without a single controlling entity. The XRP Ledger is open for anyone to operate a validator.

XRP supports a variety of applications, particularly in payments and decentralized finance (DeFi). Developers and businesses use the XRP Ledger to create tools for remittances, asset tokenization, and decentralized applications. It also supports central bank digital currencies (CBDCs), stablecoins, and other tokenized assets. With its built-in features and efficient transaction processing, the XRP Ledger aims to provide a platform for addressing challenges in financial services and beyond.

XRP and the XRP Ledger were created in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto as a blockchain alternative focusing on speed and energy efficiency. Later that year, the team, along with Chris Larsen, founded Ripple to explore the use of XRP in payment systems. A portion of XRP was allocated to Ripple to support the development of applications for the digital asset.

Since its launch, the XRP Ledger has consistently processed transactions, while Ripple Labs has worked on building use cases. XRP has seen its price fluctuate over time, reaching an all-time high of $3.84 in January 2018. Its price today continues to reflect changes in adoption and market demand.

XRP can be sent, received, and stored using digital platforms and wallets designed to support the asset. These tools also allow users to track XRP’s live price, monitor its price today, and compare current trends to its all-time high. With these resources, users can keep an eye on XRP’s price and manage their transactions effectively. It’s important to use wallets that are compatible with the XRP Ledger to ensure smooth transactions. Keeping backups of wallet keys can help avoid losing access to stored XRP.

The largest XRP holdings belong to Ripple, the company that supports the XRP ecosystem. Ripple periodically releases XRP from an escrow account to fund development and operations. Apart from Ripple, early developers, institutional investors, and individual holders collectively own significant portions of XRP. These holdings play a role in supporting XRP's liquidity in the broader market. The distribution of XRP across various stakeholders continues to evolve as tokens are released and traded.

As of December 2024, approximately 57 billion XRP tokens are in circulation out of the total supply of 100 billion tokens. Unlike other cryptocurrencies that rely on mining, all XRP was created at its inception, and the remaining tokens are periodically released from escrow by Ripple. This controlled release system is designed to prevent sudden supply increases that could destabilize the market and potentially make the XRP price plummet. The amount in circulation can impact XRP’s price today as market conditions fluctuate.

The XRP price in the future is uncertain and depends on a variety of factors, including adoption, regulatory developments, and market demand. Predicting the exact XRP price in 2030 involves speculation and is influenced by both the growth of the XRP Ledger’s use cases and global financial trends. The expansion of XRP’s role in payments and tokenization could potentially support its price. However, market dynamics and external influences make future pricing unpredictable.

While there is interest in XRP’s potential growth, XRP's price reaching $500 would require extraordinary circumstances, such as widespread adoption for global payments and substantial market demand. Currently, the possibility of the XRP price reaching such a level is speculative and deviates significantly from XRP's historical price trends.

The XRP Ledger relies on a consensus protocol instead of traditional mining. Validators—trusted participants in the network—agree on transaction order and validity. This method aims to enhance the speed and efficiency of the network while maintaining decentralization. The protocol is designed to protect against malicious actors and ensure consistent transaction finality.

XRP can be stored in several types of wallets, either Hardware wallets, which provide offline storage for maximum security, or Software wallets, which offer convenient access through apps or desktop programs. When selecting a wallet, consider your priorities, such as ease of use and the level of security required for your holdings.

You can sell XRP through cryptocurrency exchanges by trading it for other cryptocurrencies or fiat currencies. Alternatively, peer-to-peer platforms allow direct transactions with other users. Ensure that you consider transaction fees and follow any relevant regulations in your region when selling XRP. Verifying the reputation of platforms used for selling can help ensure smooth transactions. Additionally, keeping a record of your trades may assist with tracking 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 $183.69B. 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 $7.55B.

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

The current circulating supply of XRP is 58 billion.

The median time that Coinbase customers hold XRP before selling it or sending it to another account or address is 85 days.

XRP ranks 5 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.