XRP Live Price, Real-Time Charts & Market Performance
Current Price: $1.23
Change: +$0.0518 (+4.38%)
Market Cap: $76.74B
Market Cap 24h Change: +$3.38B
FDV: $123.64B
24h Volume: $3.39B
24h High: $1.29
24h Low: $1.18
Historical Performance
| Period | Open | High | Low | Close | Change | Volatility |
|---|---|---|---|---|---|---|
| Today | $1.18 | $1.29 | $1.18 | $1.24 | +5.08% | 3.6% |
| 7D | $1.17 | $1.29 | $1.09 | $1.24 | +5.98% | 3.6% |
| 30D | $1.41 | $1.43 | $1.05 | $1.24 | -12.06% | 3.6% |
| 90D | $1.52 | $1.54 | $1.05 | $1.24 | -18.42% | 3.6% |
| 1Y | $2.17 | $3.65 | $1.05 | $1.24 | -42.86% | 3.6% |
| All Time | $2.26 | $3.56 | $1.09 | $1.23 | -45.25% | 3.6% |
XRP Markets
| # | Exchange | Pairs | Price | +2% / -2% Depth | Volume | Liquidity |
|---|---|---|---|---|---|---|
| 1 | Kraken | XRP/USD → | $1.23 | $3.38M / $3.41M | $52.29M | 0.011% |
| 2 | Binance | XRP/USDT → | $1.24 | $1.72M / $2.94M | $240.10M | 0.018% |
| 3 | Coinbase Exchange | XRP/USD → | $1.23 | $1.98M / $6.04M | $144.71M | 0.016% |
| 4 | Gate | XRP/USDT → | $1.24 | $3.81M / $3.06M | $92.88M | 0.018% |
| 5 | OKX | XRP/USDT → | $1.23 | $895,514 / $884,890 | $60.44M | 0.018% |
| 6 | KuCoin | XRP/USDT → | $1.24 | $320,719 / $375,793 | $56.52M | 0.011% |
| 7 | Bitvavo | XRP/EUR → | $1.07 | $788,691 / $951,484 | $34.50M | 0.011% |
| 8 | LBank | XRP/USDT → | $1.24 | $1.78M / $2.33M | $61.09M | 0.018% |
| 9 | Bybit | XRP/USDT → | $1.23 | $1.02M / $1.09M | $70.14M | 0.018% |
| 10 | MEXC | XRP/USDT → | $1.24 | $1.63M / $1.55M | $71.60M | 0.018% |
Understanding Ripple (XRP) and Its Role in Global Payments
Ripple (XRP) brings a new perspective to the belief that money transfers are slow and costly. As a native crypto asset, it acts as a bridge currency, designed to help financial companies avoid difficulties that arise from the existing limitations of the traditional banking system. Unlike other digital currencies that work on applications and smart contracts, XRP aims at practical usage. Due to the interest shown by many institutions, XRP became one of the central topics concerning the crypto market.
Ripple Protocol Consensus Algorithm Mechanics
While the mechanism for mining Bitcoin is power-intensive, the consensus algorithm for the Ripple protocol requires minimal resources. Developed by David Schwartz, Jed McCaleb, and Arthur Britto, this algorithm processes a large number of transactions efficiently. It uses trusted nodes to approve transactions and update ledgers quickly.
Real-World Applications of the Asset
As the native digital currency of the XRP Ledger, it operates as a bridge currency enabling transactions between fiat currencies. Ripple Labs collaborates with financial institutions to build the payment system, creating liquidity conditions using the cryptocurrency.
Current Market Conditions and Regulations
Elements influencing the market cap include the maximum supply of 100 billion tokens, with reliance on the circulating tokens for technical analysis. Regulatory changes affect daily trading volume and holdings.
Criteria for Evaluating XRP and Ledger Activity
Evaluating XRP today involves analyzing transaction fees and speed. High trading activity and liquidity indicate a strong ecosystem, while total supply and distribution managed by Ripple Labs impact market availability.
What's Next for Cross-Border Payments?
The XRP Ledger's evolution depends on its ability to process transactions quickly and affordably. XRP's pricing has fluctuated since its peak; however, the technology remains vital in modernizing financial transactions.