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XRP(XRP)
Live XRP Price
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About XRP
This page brings together available market information for XRP (XRP) and the buy-and-sell options currently available through Coinbox.
For educational purposes only; not investment advice. Digital assets are volatile and may lose value. Before acting, consider the asset and price, issuer (where applicable), network, and counterparty risks. Displayed market data may be delayed; the applicable price and terms are shown before you confirm an action.
Market Stats
- Market Cap
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- 24h Volume
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- Circulating Supply
- 55.00B XRP
- Max Supply
- 100.00B XRP
- Range High (1D)
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- Range Low (1D)
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- Market Rank
- #7
Latest News
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₪
You receive
XRP
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Frequently Asked Questions about XRP
What is XRP?
XRP, launched in 2012 by the founders of Ripple, runs on an independent network (the XRP Ledger) using a unique mining-free consensus mechanism that ensures instant, near-zero-cost transactions. It is widely regarded in the market as the banks' coin, since its main purpose is to serve as an efficient financial bridge for cross-border money transfers between traditional financial institutions. All XRP coins were pre-created, and their main use in practice is to provide fast liquidity for real-world currency conversions and to pay network fees.
How does XRP work?
XRP operates on a consensus-based distributed ledger (RPCA) without mining, enabling transaction settlement within 3-5 seconds at sub-cent costs, designed as a liquidity solution for financial institutions.
Who founded XRP?
XRP and its distributed ledger were created in 2012 by Jed McCaleb, Arthur Britto, and David Schwartz, and subsequently gifted to Ripple.