XRP (XRP)

$0.224732 (3.4%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
3 $9,730,880,000.00 $1,136,620,000.00 43,299,900,000 XRP 51 3.4% 0.88% -$7.64

Exchange Pair Volume (24h) Price
Bitfinex XRP/USD 3,495,249.00 0.2268900000
Upbit XRP/KRW 5,500,907.00 265.0000000000
Binance XRP/USDT 10,807,209.00 0.2255200000
Bitstamp XRP/USD 6,457,445.00 0.2252500000
Bitfinex XRP/BTC 128,102.00 0.0000303400
Kraken XRP/USD 1,810,766.00 0.2254600000
Binance XRP/BTC 5,116,702.00 0.0000303100
Kraken XRP/EUR 678,042.00 0.2041400000
Bitbank XRP/JPY 2,959,085.00 24.5850000000
Coinbase Pro XRP/USD 3,212,793.00 0.2254000000
GMO Japan XRP/JPY 247,930.00 24.5350000000
Kraken XRP/XBT 207,890.00 0.0000303300
Coinone XRP/KRW 886,329.00 266.0000000000
Bitso XRP/MXN 2,377,814.00 4.3300000000
Coinbase Pro XRP/BTC 693,665.00 0.0000303100
Float SV XRP/USDT 2,107.55 0.2256000000
Poloniex XRP/BTC 1,074,927.00 0.0000303300
Tokenize XRP/SGD 90,394.00 0.3081000000
Tokenize XRP/USD 127,800.00 0.2266000000
BTCTurk XRP/TRY 549,092.00 1.3200000000
BTCMarkets XRP/AUD 280,737.00 0.3312000000
Bittrex XRP/BTC 255,002.00 0.0000303000
Coinbase Pro XRP/EUR 449,399.00 0.2039000000
Korbit XRP/KRW 316,721.00 266.0000000000
GoPax XRP/KRW 150,089.00 266.1000000000
Binance XRP/ETH 260,593.00 0.0015233600
Binance XRP/BNB 140,825.00 0.0146200000
NovaDAX XRP/BTC 10,193.15 0.0000303400
Poloniex XRP/USDT 284,948.00 0.2256327200
Gate.io XRP/USDT 249,299.00 0.2258000000
Binance XRP/BUSD 23,052.00 0.2256400000
Binance XRP/USDC 111,756.00 0.2252000000
KuCoin XRP/BTC 223,073.00 0.0000303300
Bittrex XRP/USD 77,916.00 0.2250000000
Paribu XRP/TRY 209,499.00 1.3100000000
Binance US XRP/USDT 63,249.00 0.2253100000
Bitsdaq XRP/BTC 255,002.00 0.0000303000
Bittrex XRP/USDT 39,534.00 0.2253645700
KuCoin XRP/USDT 284,926.00 0.2254900000
Bittrex XRP/ETH 4,274.78 0.0015293300
Binance US XRP/USD 102,906.00 0.2256000000
Binance XRP/TUSD 181,812.00 0.2256000000
CEX.IO XRP/USD 80,413.00 0.2279000000
Binance XRP/PAX 10,300.19 0.2247000000
Probit XRP/KRW 925,801.00 266.0000000000
EXMO XRP/USD 617,670.00 0.2335174500
CEX.IO XRP/BTC 15,571.42 0.0000304100
Binance XRP/RUB 4,778.83 14.3610000000
Bitsdaq XRP/USDT 39,444.00 0.2253645700
NovaDAX XRP/USDT 101,434.00 0.2254400000
Indodax XRP/IDR 61,710.00 3,190.0000000000
Bitkub XRP/THB 62,182.00 6.8700000000
Probit XRP/USDT 421,982.00 0.2261300000
Independent Reserve XRP/AUD 11,685.96 0.3304600000
EXMO XRP/BTC 338,275.00 0.0000303400
Vebitcoin XRP/TRY 251,613.00 1.3100000000
WazirX XRP/USDT 37,382.00 0.2250400000
CEX.IO XRP/EUR 13,301.52 0.2043000000
Poloniex XRP/USDC 58,793.00 0.2253642900
Bitsdaq XRP/ETH 4,270.35 0.0015293300
CEX.IO XRP/GBP 2,906.66 0.1724000000
EXMO XRP/RUB 200,554.00 14.7636800000
Binance TRX/XRP 64,783.00 0.0638400000
EXMO XRP/ETH 93,149.00 0.0015268800
Independent Reserve XRP/USD 11,677.26 0.2256900000
Livecoin XRP/BTC 85,903.00 0.0000303300
Binance US XRP/BTC 31,117.00 0.0000302800
Coinzo XRP/TRY 54,241.00 1.3083000000
Omgfin XRP/USDT 148,493.00 0.2258000000
KuCoin XRP/ETH 46,494.00 0.0015240000
Independent Reserve XRP/NZD 11,718.79 0.3449100000
CEX.IO XRP/USDT 4,248.89 0.2282000000
EXMO XRP/USDT 104,578.00 0.2253431300
Kraken XRP/CAD 5,274.56 0.2981400000
Upbit XRP/BTC 17,671.52 0.0000300400
Omgfin XRP/UQC 95,638.00 3.1563000000
BTC-Alpha XRP/BTC 100,343.00 0.0000303400
Omgfin XRP/BTC 81,277.00 0.0000303600
Omgfin XRP/ETH 83,014.00 0.0015228300
Coindeal XRP/BTC 5,533.52 0.0000303300
WazirX XRP/BTC 490.96 0.0000302100
EXMO XRP/EUR 54,979.00 0.2040384000
TheRockTrading BTC/XRP 1,539.25 33,008.9000000000
Bitpanda Global Exchange XRP/EUR 9,362.46 0.2035000000
Bitexlive XRP/BTC 2,262.02 0.0000303400
KuCoin XRP/TUSD 1,244.52 0.2253700000
CREX24 XRP/BTC 1,280.21 0.0000302900
Bitso XRP/BTC 229.29 0.0000304700
Probit XRP/BTC 44,251.00 0.0000303400
Max Maicoin XRP/USDT 94.01 0.2288300000
Indodax XRP/BTC 14,187.97 0.0000303100
NovaDAX XRP/BRL 43,599.00 0.9477100000
EXMO XRP/UAH 30,770.00 5.2644037000
COSS XRP/ETH 92.25 0.0015190000
Kuna Exchange XRP/UAH 7,602.77 5.3700000000
KuCoin XRP/KCS 14,083.28 0.2353100000
KuCoin XRP/PAX 2,356.07 0.2249000000
Binance XZC/XRP 3,218.38 15.6420000000
Bitexlive XRP/USDT 943.49 0.2271517100
COSS XRP/USDT 10.07 0.2270000000

Background

XRP began as an open source project to enable efficient direct transfers of money between parties using a permissioned shared public ledger. Ripple Inc completed the initial protocol development and subsequently released it as open source using the ISC license. Ripple Inc has continued as the primary contributor to project since its release. With ongoing efforts and funds dedicated to supporting other parties contributions to the protocols enhancement. This support was formalized with the xPring initiative announced in May 2018. xPring is a dedicated team responsible for using Ripple Inc’s resources to grow the XRP ecosystem. After the initial release of the XRP protocol, Ripple Inc focused its efforts on getting financial institutions to use the ledger to process remittances. Given their substantial volume and high fees charged by incumbent payment processors dominating the market at the time. Entering the cross border payments market led to regulatory scrutiny with FinCEN fining Ripple Inc for violating the bank secrecy act in 2015. As part of the remedial plan related to the fine, Ripple Inc agreed to enhance the anti-money laundering capabilities of the XRP protocol and stricter permissioning requirements were added for additional participants to join the network. To further enhance the credibility of XRP as a partner for traditional financial institutions, Ripple Inc obtained a virtual currency license from the State of New York in 2016. The upside of these enhancements and engagement with regulators was it gave XRP the capability to more deeply integrate with the traditional financial system. Evolving its functionality and allowing it to act as a settlement system with no central operator. SBI Holdings set up a subsidiary, SBI Ripple Asia, dedicated to bringing this vision to Japan. Were over 60 banks controlling over 80% of banking assets in Japan have joined the consortium using the XRP protocol for this purpose. Recent Ripple Inc. efforts have focused on expanding XRPs capabilities for functionally specific purposes. xCurrent is a messaging solution enabling banks to initiate and confirm cross-border payments with each other. xRapid – Seeks to lower the capital requirements needed to effectively function in developing markets. xVia – Enables seamless sending of global invoices.

Technology

XRP's foundation is a shared public ledger used by network participants to exchange value globally. A super majority of validators is required for the network to arrive at consensus to validate transactions initiated across the network. Because of the existence of multiple validators the project should be able to survive the loss of its original sponsor, Ripple Inc, if something where to happen to it. One of XRP’s first initiatives was to build the bitcoin bridge to link Ripplenet to the Bitcoin network. The bridge allows XRP users to conduct transactions directly in bitcoin without independently acquiring them by making it possible to make payments in bitcoin directly from their XRP account using other assets such as the XRP token. Ripple Inc, has focused on integrating user verification protocols so network participants are able to define which users they trust and how much they trust them. This has the effect of causing transactions to “ripple” across the network. Because if two users without a direct relationship initiate a transaction across the network. It ripples outward finding a path linking the users together from their trusted relationships to complete the transaction. Similar to how hawala financing systems function off line. For users just getting started, Ripple Inc., maintains a unique node list users can select by default representing validators with a history of reliably operating on the XRP network. Cross currency transactions typically take 3 – 5 seconds to process across the ledger. Once initiated, XRP’s path finding algorithm identifies the quickest least expensive way to complete the transaction. Because XRP operates as a permissioned distributed ledger, once completed, transactions are irreversible. Generally, for the path finding algorithm to work optimally, a large number of market makers need to be operating on the network so sufficient liquidity is available to efficiently complete transactions. To encourage development of a robust ecosystem around the ledger, XRP maintains a variety of APIs to help nodes and other third parties interact with it based on the REST API standard. Leading to invoicing and wallet solutions so businesses can incorporate it as a payment option for their customers.



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