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The live XRP price today is $1.40 USD with a 24-hour trading volume of $9,369,145,078 USD. XRP is up 7.99% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $49,256,952,687 USD. It has a circulating supply of 35,108,326,973 XRP coins and a max. supply of 100,000,000,000 XRP coins.
What Is XRP ?
To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.
The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.
While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).
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The Information provided on, from or through this channel is general in nature and is solely for educational purposes. The generic market recommendations provided by us are based solely on our personal judgment and should be considered as such. You’re advised to enter into any transactions relying on your OWN judgment. Any market recommendations provided by us are generic only and may or may not be consistent with the market positions or intentions of our channel and/or our affiliates. Any opinions, news, research, analyses, prices, or other information contained on this channel are provided as general market commentary, and do not constitute an investment advice. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose.
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