XRP Price Today
Current Market Overview
- Ranking: #4 among cryptocurrencies
- Current Price: $2.23
- 24-Hour Range: $2.21 (Low) – $2.30 (High)
Key Metrics
| Metric | Value | Change (%) |
|---|---|---|
| Market Cap | $131.79B | +2.29% |
| Fully Diluted MC | $223.12B | +2.29% |
| Trading Volume | $3.34B | +20.27% |
| Volume/Market Cap | 0.0253 | – |
Supply Details
- Circulating Supply: 59.07B XRP (59.07% of max)
- Max Supply: 100B XRP
- Total Supply: 59.07B XRP
XRP/USD Price Chart Analysis
XRP’s price dropped 2.29% in the last 24 hours but gained 6.48% over the past week. The coin remains highly volatile, with its market cap reflecting strong investor interest despite regulatory challenges.
👉 Explore XRP trading strategies
XRP Explained: Technology and Use Cases
Core Features
- Speed: Settles transactions in 3–5 seconds
- Low Cost: ~0.00001 XRP per transaction
- Scalability: Handles 1,500+ TPS (vs. Bitcoin’s 7 TPS)
How It Works
XRP operates on the XRP Ledger (XRPL), using the Ripple Protocol Consensus Algorithm (RPCA) to validate transactions without mining. This energy-efficient model makes it ideal for:
- Cross-border payments
- Liquidity provision for financial institutions
Historical Price Trends
Key Milestones
- 2013–2016: Traded at ~$0.005
- 2017: Peaked at $2.199 (45,650% growth)
- 2018 ATH: $3.30
- 2021: Reached $1.79 but failed to break ATH
- 2024: Range-bound between $0.39–$0.68
Future Catalysts
- SEC Lawsuit Resolution (Expected by July 2024)
- Institutional adoption via Ripple’s partnerships (e.g., MoneyGram, JP Morgan)
FAQs About XRP
1. Is XRP the same as Ripple?
No. XRP is the cryptocurrency, while Ripple Labs is a company that develops use cases for XRP.
2. Where can I buy XRP?
Available on major exchanges like 👉 Binance and Bybit.
3. What’s XRP’s max supply?
100 billion tokens, with ~59B currently circulating.
4. Why is XRP fast?
RPCA consensus avoids mining, reducing validation time.
5. Will the SEC lawsuit affect XRP’s price?
Yes—positive resolution could trigger a rally.
Investment Considerations
While XRP offers utility and speed, its price depends heavily on regulatory outcomes and institutional adoption. Diversify research before investing.