XRP
XRP
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Price
1.18 USD
% Change
8.68%
Market Cap
66.7B USD
Volume
10B USD
Circulating Supply
56.9B
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XRP Events on the Chart
What is XRP?
Ripple (XRP) is a digital asset and payment system technology developed by Ripple Labs. The project was created in 2012 with the aim of providing faster, more reliable, and scalable solutions for global money transfers, particularly for financial institutions and banks. Ripple offers fast and low-cost transactions using its own distributed ledger system called RippleNet.
RippleNet enables real-time transactions (taking only a few seconds) with minimal fees. The cryptocurrency XRP is used within the Ripple network to provide liquidity and facilitate transactions.
It is important to note that Ripple Labs manages and develops the Ripple technology, while XRP is an independent digital asset that operates within this technology.