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XRP

CryptoCrypto
Symbol: XRP
XRP

Price

Fundamentals

Rank

 
#7

Market Cap

 
$40.39B

Dominance

 
1.28%

Circulating Supply

56,868,662,755.00
56.87%

Max Supply

 
100,000,000,000.00

Frequently asked questions

What is the rank of XRP by market capitalization?

XRP holds the #7 position among cryptocurrencies based on market capitalization. This ranking reflects the relative size and significance of XRP compared to other digital assets in the crypto market.

What is the market capitalization of XRP?

The market capitalization of XRP is $40.39B. Market cap is calculated by multiplying the current price per coin by the number of coins in circulation.

What is XRP's market dominance?

XRP has a market dominance of 1.28%. This means that 1.28% of the total market capitalization of all cryptocurrencies is attributed to XRP. A higher dominance indicates a greater influence on the overall crypto market.

How many XRP are there?

The circulating supply of XRP is 56,868,662,755.00, which is 56.87% of its maximum supply. This figure represents the number of coins that are currently available and can actively be traded in the market.

What is the maximum supply of XRP?

The maximum supply of XRP is 100,000,000,000.00 coins. This is the total number of coins that will ever be created, serving to limit inflation and ensure scarcity.

How much of XRP's maximum supply is already in circulation?

Currently, 56.87% of XRP's maximum supply is in circulation, amounting to 100,000,000,000.00 coins. This indicates how close XRP is to reaching its maximum supply limit.

Pricing

1D span
$0.682$0.705
52W span
$0.382$0.748

Information

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time. Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count. Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon. In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense. XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.

Identifier

Symbol

XRP

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