What is XRP?
XRP is the native token of the XRP Ledger, a public blockchain optimized for fast, cheap value transfer. The ledger was launched in 2012 by David Schwartz, Jed McCaleb and Arthur Britto, and is closely associated with Ripple, a company that builds payment infrastructure for banks and payment providers using XRP as a bridge asset.
XRP transactions settle in three to five seconds and cost a fraction of a cent. The ledger is maintained by a set of independent validators using a consensus protocol that does not rely on mining, which keeps the network's energy footprint close to zero.
How does the XRP Ledger work?
The XRP Ledger uses a federated consensus mechanism: a set of validators agree on the order of transactions through overlapping Unique Node Lists. No validator is privileged and Ripple runs only a minority of the active validators. Forks are resolved by waiting for the supermajority, and the ledger closes every few seconds.
Transaction fees are burned - not paid to validators - which makes XRP mildly deflationary and disincentivises spam. The ledger supports native decentralized exchange functionality, tokenized assets, and as of 2024 a hooks amendment that introduces lightweight smart-contract-like behaviour.
What is XRP used for?
XRP's headline use case is cross-border settlement: it acts as a bridge between fiat currencies so payment providers can move value internationally without pre-funding nostro accounts in every corridor. Ripple's On-Demand Liquidity product is the clearest commercial expression of that design.
Beyond payments, XRP is widely traded as a liquid market asset, used as collateral on several exchanges, and increasingly integrated into tokenization pilots - particularly for real-world assets where the ledger's low fees and native DEX make it an attractive settlement layer.
Where can you buy XRP?
XRP (XRP) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for XRP sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting XRP, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of XRP (XRP)?
The reported 24-hour trading volume of XRP is $166.84M. Volume is a live reading of how much XRP changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for XRP (XRP)?
XRP reached an all-time high of $3.65 on July 18, 2025, and an all-time low of $0.002686 on May 22, 2014. It is currently trading -62.87% from its peak and +50304.38% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where XRP sits in its long-run price range.
What is the market cap of XRP (XRP)?
XRP's market capitalization is currently $85.80B, and it is ranked #5 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (61.80 billion XRP are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of XRP (XRP)?
The fully diluted valuation (FDV) of XRP is $138.83B. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of XRP compare against its peers?
Over the past 24 hours, XRP has moved -1.88%. Over the past seven days, the change is +1.03%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether XRP is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare XRP against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store XRP?
Like any crypto asset, the right way to store XRP depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
