Name: Ripple
Brand: Ripple

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1.06USD

-0.0517 (-4.7%)

Market open

49.7BUSD

Market Cap
3.5BUSD

Daily Volume
46.6BXRP

Circulating Supply
100BXRP

Total Supply

Market Type

Broker

Exchange
Trading Type

Spot

Perpetual Futures

Futures
Country

United States

Germany

United Kingdom

China
App

Android

iPhone

Name

Maker Fee

Taker Fee

24h Volume

Last Price

Bybit

Perpetual Futures50x

-0.025%

0.075%

478.4MUSD

1.062USD
FTX

Spot

0.02%

0.07%

47.4MUSD

1.06USD

-5% lifetime trading fee discount
FTX

Perpetual Futures101x

0.02%

0.07%

153.5MUSD

1.06USD

-5% lifetime trading fee discount
Phemex

Perpetual Futures20x

-0.025%

0.075%

20MUSD

1.062USD
BitMEX

Perpetual Futures50x

-0.01%

0.05%

2.4MUSD

1.06USD

-10% trading fee discount for 6 months
Bitfinex

Perpetual Futures

-0.02%

0.075%

8MUSD

1.062USD
Kraken

Perpetual Futures50x

-0.02%

0.075%

7.7MUSD

1.061USD
Bitfinex

Spot

0.1%

0.2%

28.3MUSD

1.06USD
OKEx

Perpetual Futures33x

0.02%

0.05%

3.9MUSD

1.061USD
Kraken

Spot

0.16%

0.26%

10.4MUSD

1.061USD
CEX.IO

Spot

0.16%

0.25%

2.2MUSD

1.062USD
Kraken

FuturesMonthly50x

-0.02%

0.075%

! 515.2KUSD

1.065USD
Kraken

FuturesQuarterly50x

-0.02%

0.075%

! 227.2KUSD

1.091USD
Bittrex

Spot

0.25%

0.25%

-

1.064USD
Coinbase

Broker

1.49%

1.49%

-

1.063USD
Co

Coinmama

Broker

-

6.2%

-

1.062USD
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What is Ripple?

Ripple aims to facilitate international payment transactions between banks by making them more efficient and less expensive. The payment network focuses on transactions between different currency areas and attempts to make inefficient payment corridors more efficient. Ripple is not just a conventional cryptocurrency, but offers a comprehensive system of several products being actively researched and developed by Ripple Labs. These include xCurrent, xVia, and xRapid. The latter ensuring liquidity in international payment transactions, minimising costs, and accelerating transactions. It fixes a major problems of banks and payment service providers by reducing the capital requirements on the nostro and loro accounts, where units of every currency exchanged need to be held until a transaction is complete. Liquidity can be offered on-demand with the help of Ripple’s native XRP token.

xCurrent, on the other hand, is an application enabling cross-border transactions cost-effectively, end-to-end, and within a few seconds. Ripple estimates that banks could recuse their payment transaction costs by around 33% when using their system. xCurrent can moreover be used as a means to confirm incoming and outgoing transactions in real-time and unalterably.

Ripple's price today is 1.06 USD with a 24-hour trading volume of 3.5 Billion USD. XRP's price has changed -4.7% in the last 24 hours.

Website
Official
Github
Development
0.0027USD

All time low
3.4USD

All time high
1.06USD

Daily low
1.12USD

Daily high

💡 Is Ripple a good investment?

Ripple Labs has focused on building partnerships with bank and remittance services to increase adoption of its XRP token. While many of these are still in the testing phase, other services have started entering this competitive market. XRP's success will partly depend on whether payment partners will want to use this third-party platform, or develop their own solution.

Venturing into one of the biggest markets for blockchain tech
XRP's adoption is backed by Ripple Labs, a company with great financial resources
High level of centralisation, but exceptional liquidity

Where can you buy & trade XRP?

The best exchange to trade Ripple with USD is the Bybit Perpetual Futures Market, where 1 XRP is worth 1.0618 USD with a 24 hour trading volume of 478.4 Million USD.

🧠 Is XRP decentralised?

The cryptocurrency XRP is often criticised and sometimes controversially discussed. The main reason being that the token was not issued in a decentralised way, but is mostly held centrally by its developers. About 55% of all XRP coins are currently reserved for the developers and stored on a cryptographically secured Escrow account. This ensures that the developers do not have continuous access to the entirety of the reserved 55 billion XRP. Recently, an average of around 300 million XRP have been introduced into circulation every month by this measure.

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