The total supply of XRP is capped at 100 billion, and its average transaction speed is 4 seconds. Ripple is a privately-held fintech company, and its global payment solution behind XRP is a patented payment network called Ripple Network (also known as RippleNet). RippleNet is a payment network that is built on top of Ripple’s consensus ledger, called XRP Ledger (also known as XRPL). As a bridging cryptocurrency, XRP makes it easy for users to settle cross-border payments in less than five seconds compared to traditional financial organizations that process the same in four to five business days.

The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on, top-rated podcasts, and non-profit The Motley Fool Foundation. You can buy XRP as an investment, as a crypto to exchange for other cryptocurrencies or as a way to finance transactions on the Ripple network. The XRP price page is just one in Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. There are over 220,000 XRP holders, but the top 10 holders control over 70% of the current XRP supply.

Popular Ripple (XRP) Currency Pairings

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has revealed its proposed spot bitcoin ETF will trade with the ticker IBIT if approved and has moved to appease uncertain regulators. Within your chosen exchange, find the XRP currency and enter the amount you’d like to invest. You’ll want to check the type of currency that you’ll need to use to purchase XRP. For those of you who are new to XRP, don’t let the interchangeability of references to Ripple and XRP confuse you.

Once validators reach consensus, a new immutable ledger version is created — instead of a block — and then validated. With the help of XRP, Ripple aims to make bank transactions more efficient and transparent, and the company’s XRP-powered products are currently used by several companies. This has the potential to make XRP a leader on the cryptocurrency market, as it is being pushed into commercial use. XRP’s current circulating supply is 54.01B XRP out of max supply of 100.00B XRP. The current yearly supply inflation rate is 7.45% meaning 3.75B XRP were created in the last year.

This is despite regulatory FUD, when the US Securities and Exchange Commission labeled SOL a security during its market-wide clampdown against cryptocurrency exchanges. The United States Securities & Exchange Commission (SEC) accused Ripple and its executives of raising more than $1.3 billion through an unregistered asset offering of the XRP token. While the judge ruled that programmatic sales aren’t considered securities, sales of XRP tokens to institutional investors are indeed investment contracts. In this last case, Ripple did breach the US securities law and will need to keep litigating over the around $729 million it received under written contracts. The Supreme Court slammed the final gavel for that drama in 2021, 11 years after the original complaint. While it’s not possible to predict the exact timeline, cases like these can evidently span over a decade.

Why are XRP coins valuable?

At the same time, today you can buy XRP without any problems and use this digital currency for auto trading on any suitable exchange. Whenever users make a transaction using the network, the network deducts a small amount of XRP, a cryptocurrency, as a fee. In 2017, Ripple transferred 55 billion tokens out of the 80 billion XRP into an escrow account.

However, despite remaining relatively decentralized, XRP Ledger’s use of trusted validators takes away from the trustlessness inherent in many other cryptocurrency projects. However, purchases that involve the XRP being sent directly to the user’s wallet are almost instant. XRP Ledger’s trusted validator nodes reach a consensus and update the blockchain every three to five seconds. This is how long it will take for the individual wallet to reflect the transaction. The implementation of this system made the network very appealing to financial institutions. Essentially, it presented a far more familiar proposition and mode of engagement with the crypto industry.

Right now, cryptocurrency exchange Binance stores the most XRP, with its users holding over 30% of the current XRP supply. XRP’s price today is US$0.614, with a 24-hour trading volume of $1.34 B. XRP is +0.00% in the last 24 hours.XRP has a circulating supply of 54.01 B XRP and a max supply of 100 B XRP. Currently, XRP is one of the more popular cryptocurrencies, and there is a regular demand for the coin. However, a number of factors need to be taken in consideration when investing in cryptocurrency. Investing at the right moment can make a big difference, so staying in touch with all the latest events can be extremely important.


He’s researched, written about and practiced investing for nearly two decades. As a writer, Michael has covered everything from stocks to cryptocurrency and ETFs for many of the world’s major financial publications, including Kiplinger, U.S. News and World Report, The Motley Fool and more. Michael holds a master’s degree in philosophy from The New School for Social Research and an additional master’s degree in Asian classics from St. John’s College. Like many things in life, there are some caveats, especially if you’re purchasing XRP with another crypto.

Who are the Founders of XRP Ledger?

Today, Ripple successfully works with many financial institutions. The network of this cryptocurrency company consists of more than 200 banks. Created by US-based technology company Ripple Labs Inc., XRP is the native cryptocurrency of XRP Ledger (XRPL), a decentralised, public blockchain engineered by Jed McCaleb, Arthur Britto, and David Schwartz. The ledger was launched in June 2012 with the goal of creating a digital asset that was more sustainable and built specifically for payments.

Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP is the native crypto token of the Ripple network, and it consistently lists among the top 10 cryptocurrencies by market capitalization. XRP operations are powered by the XRP Ledger – an open-source distributed ledger that supports real-time financial transactions. Although the XRP Ledger borrows heavily from Bitcoin’s ledger, it’s not exactly a copy and paste of the Bitcoin blockchain.

It also closely ties to the network popularity as well, since more users result in more XRP demand. Ripple Labs is also creating software products that could potentially make XRP useful for financial institutions, and this dynamic also plays a role in the XRP markets. Out of the maximum supply of 100 billion XRP tokens, over half is still managed by Ripple.

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