Reputation Ratings


Ripple 10-15 years
Website https://ripple.com/xrp/
White Paper
Avg Price

$ 0.51435 USD

$ 0.51435 USD

Market Cap

$ 28.8476 billion USD

$ 28.8476b USD

24h trading volume

$ 553.599 million USD

$ 553.599m USD

7d Vol

$ 6.2721 billion USD

$ 6.2721b USD

Circulating supply

55.2889 billion XRP

Related information

Issue Time


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Last Updated Time

2016-02-27 09:42:19

Language Involved




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Current Rate0




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Aspect Information
Short Name XRP
Full Name Ripple
Founded Year 2012
Main Founders David Schwartz, Jed McCaleb, and Arthur Britto
Support Exchanges Bitstamp, Kraken, Bitso, Coinone, and others
Storage Wallet Ledger Nano S, Trezor Model T, and others
Customer Support https://twitter.com/Ripple

Overview of XRP

XRP can be categorized as a utility token, given its broad application in various financial and technological operations, rather than being a specific type of token like NFT, fan token, DeFi token, or game token.

XRP is a digital asset designed for high efficiency in the global financial services sector. It's notably fast and environmentally friendly, with transactions settling in just 3-5 seconds on the XRP Ledger (XRPL), a blockchain technology that is carbon-neutral. XRP's low transaction fees, averaging $0.0002, and the ability of its ledger technology to handle 3,400 transactions per second, make it a scalable choice. Since 2012, there have been over 80 million closed ledgers, indicating its stability.

Its sustainability is highlighted by being 61,000 times more energy-efficient than proof-of-work blockchains. Widely decentralized, the XRPL has a network of over 100 validators. Ripple uses XRP for fast, sustainable cross-border payment settlements, and the technology is also embraced by financial institutions, individuals, and developers.

It facilitates more affordable and faster international transactions, provides an accessible alternative to traditional banking, and supports the development of environmentally friendly blockchain applications.

To obtain more information, you can visit their website:https://ripple.com/xrp/ and try to log in or register to use more services.


Pros and Cons

Pros Cons
Fast transaction speed Centralization concerns
Low transaction costs Legal and regulatory concerns
Large-scale usability in financial industry Unclear token utility
Open-source and peer-to-peer decentralized platform Concerns over founder's control on token supply
Wide acceptance on popular exchange platforms High volatility
Robust storage options Limited usage outside banking sector

Pros of XRP Token:

1. Fast transaction speed: XRP is known for its rapid transaction time compared to many other cryptocurrencies. This feature makes it suitable for cross-border transactions, where speed is critical.

2. Low transaction costs: With XRP, the cost per transaction is significantly lower. This is particularly advantageous in the financial sector, where large volumes of transactions can increase overall operational costs.

3. Large-scale usability in the financial industry: Ripple, the company behind XRP, has strategically positioned its product to be useful for banks and other financial institutions, which has resulted in significant usage within this industry.

4. Open-source and peer-to-peer decentralized platform: XRP operates on an open-source, decentralized platform, which promotes transparency and accessibility to all users.

5. Wide acceptance on popular exchange platforms: XRP is supported by numerous major exchanges worldwide, such as Bitstamp, Kraken, Bitso, and Coinone, enabling easy trading access for users.

6. Robust storage options: Several reputable wallets, like Ledger Nano S and Trezor Model T, support XRP, providing users with a range of options for secure storage.

Cons of XRP Token:

1. Centralization concerns: Critics of XRP argue that it is not truly decentralized, primarily due to the significant control that Ripple, the founding company, maintains over the token's supply.

2. Legal and regulatory concerns: Various legal challenges and regulatory issues have been associated with XRP, raising concerns for potential investors.

3. Unclear token utility: The specific use case of XRP within Ripple's ecosystem is sometimes viewed as unclear, which could potentially limit its value proposition.

4. Concerns over founder's control on token supply: Some critics express apprehension about the extent of influence the founders can exert over the supply of the token, possibly manipulating its value.

5. High volatility: Like many cryptocurrencies, XRP exhibits high price volatility, which can present significant investment risks.

6. Limited usage outside the banking sector: While XRP has been widely adopted in the banking industry, its usage outside this particular sector remains limited.

XRP Wallet

The official XRP wallet, endorsed by over 6 million users, is designed for securely managing and storing XRP. Integrated with Ledger hardware wallets, it ensures top-level security, making it an ideal choice for both seasoned cryptocurrency enthusiasts and newcomers. This wallet stands out for its user-friendly interface, simplifying the process of transacting and managing XRP.

Available on both mobile and desktop platforms, the XRP wallet caters to a wide range of user preferences. For mobile users, it's accessible through iOS and Android, allowing easy download and installation from the Apple App Store or Google Play Store. This broad accessibility ensures that a majority of smartphone users can manage their XRP conveniently.

For those who prefer a larger screen or more traditional computing experience, the desktop version of the wallet offers similar functionalities and user experience as its mobile counterpart. The cross-platform compatibility of the XRP wallet ensures a seamless and consistent experience across different devices.


What Makes XRP Unique?

XRP, also known as Ripple, introduces a few innovative features that set it apart from many other cryptocurrencies. Firstly, its transaction speed is notably faster than traditional cryptocurrencies such as Bitcoin and Ethereum. While the latter can take minutes to hours for transaction settlement, XRP transactions are often settled in under 4 seconds. This rapid processing makes XRP a preferable option for real-time, cross-border transactions.

Secondly, XRP is specifically designed for use within the financial sector, particularly for international transfers between banks. This design focus led to the creation of the RippleNet network, a system that unifies banks, payment providers, digital asset exchanges, and corporate entities to provide more efficient financial transactions. This represents a different approach compared to many cryptocurrencies that aim for general-purpose usage.

However, these unique features also raise concerns. XRP's close association with the Ripple company and its use by financial institutions have led to allegations of centralization, posing a stark contrast to the decentralization ethos of many other cryptocurrencies. Furthermore, although the token's utility within the RippleNet network is clear, the specific role and necessity of XRP within this system have been questioned.

Therefore, while XRP offers particular innovations, especially in terms of transaction speed and its tailored application within the financial sector, it also represents a divergence from other cryptocurrencies in terms of decentralization and token utility.

What makes it unique?

Market & Price

Coin airdrop

While there have been no recent XRP airdrops, there are a few upcoming airdrops that XRP holders may be eligible for. These include:

  • Evers airdrop: The Evers airdrop snapshot was taken in September 2023, and the distribution of Evers tokens to eligible XRP holders is expected to begin in early 2024.

  • XCORE airdrop: The XCORE airdrop is scheduled for May 15, 2023. XRP holders will be eligible to receive XCORE tokens based on their XRP holdings at the time of the snapshot.

  • Flare Networks Spark (FLR) airdrop: The FLR airdrop was completed in January 2023, but there may be additional FLR airdrops in the future for XRP holders who did not claim their tokens during the initial distribution.

To be eligible for these airdrops, XRP holders must hold their XRP in a supported wallet at the time of the snapshot. The supported wallets vary depending on the airdrop, so it is important to check the specific requirements for each airdrop.


The circulating supply of XRP is 53,083,046,512 XRPas of September 13, 2023. The total supply of XRP is 100 billion XRP. The price of XRP has been fluctuating since its launch in 2012. The all-time high price of XRP was $3.84 on January 4, 2018. The all-time low price of XRP was $0.0028 on December 13, 2020.

How Does XRP Work?

XRP operates differently from many other major cryptocurrencies such as Bitcoin in a number of ways - from its creation to its transaction processing methods.

While Bitcoin utilizes proof-of-work (PoW) as its mining algorithm, where miners solve complex mathematical problems to validate transactions and create new blocks, XRP does not follow this principle. In fact, XRP can not be mined at all. All XRP tokens (100 billion of them) were pre-mined and issued by Ripple Labs, the company behind XRP, at its creation.

Instead of relying on mining, XRP uses a consensus protocol for validating transactions. This means that instead of competing to solve a problem, a collection of servers or nodes agree on the validity of transactions. Each node independently validates a transaction, after which the network achieves a consensus. This mechanism allows XRP to achieve much faster transaction times compared to Bitcoin and most other cryptocurrencies.

Unlike Bitcoin, the XRP Ledger doesn't require specific mining equipment (like ASICs) since there is no mining involved. This aspect also contributes to its environmental efficiency, as it requires far less energy than the resource-intensive PoW mechanism.

The processing time of XRP transactions is notably rapid when compared to many other cryptocurrencies. While Bitcoin transactions might take anywhere from 10 minutes to one hour (or even longer during periods of high network congestion), XRP transactions typically take around 3 to 5 seconds. This level of speed opens the possibility of using XRP for real-time, cross-border transactions.

In summary, the functioning of XRP represents a significant departure from cryptocurrencies like Bitcoin, as it avoids the traditional mining process, requires no specific mining equipment, and offers substantially faster transaction times. This makes it particularly well-suited to its intended use as a tool for rapid and efficient money transfers in the global banking sector.

Exchanges to Buy XRP

XRP is supported by numerous cryptocurrency exchanges globally. This broad acceptance enables easy and convenient buying, selling and trading of the token. Here are a few of these exchanges:

1. Bitstamp: Based in Luxembourg, Bitstamp is one of the oldest and most trusted cryptocurrency exchanges. It offers trading pairs with XRP and other major cryptocurrencies.

2. Kraken: Kraken is a US-based digital currency exchange offering numerous cryptocurrency trading pairs, including with XRP. It is renowned for its security and comprehensive features.

See this link for details on how to buy XRP:https://pro.kraken.com/app/trade/XRP

How to buy XRP:

Buying XRP on Kraken can be a straightforward process if you follow these four steps:

  • Create and Verify Your Account: If you don't already have a Kraken account, you'll need to create one. Go to the Kraken website and sign up by providing your email address and creating a password. After signing up, you'll need to verify your account. Kraken may require different levels of verification depending on your intended trading activities, including personal identification documents for higher levels of account privileges.

  • Deposit Funds: Once your account is verified, you need to deposit funds into it. You can do this by navigating to the 'Funding' section on Kraken. Choose your preferred method of deposit (such as bank transfer or cryptocurrency transfer if you're depositing crypto). Follow the instructions to complete your deposit. Remember that transfer times can vary depending on the method you choose.

  • Find XRP to Trade: After your funds are available in your account, go to the 'Trade' section. Here, you can search for XRP. Kraken will show you the available trading pairs for XRP, such as XRP/USD, XRP/EUR, etc. Choose the pair that matches the currency you deposited.

  • Buy XRP: With the trading pair selected, enter the amount of XRP you want to buy. You can choose between different types of orders, such as a market order. Once you've entered your order details, review them for accuracy, and then submit your order. Your XRP purchase will be completed based on the order type you selected.

  • After purchasing, you can view your XRP balance in your account. Remember to use secure practices when trading and storing your cryptocurrencies.

    3. Bitso: Bitso is a leading cryptocurrency exchange in Latin America and it supports XRP trading.

    4. Coinone: Coinone is a South Korean cryptocurrency exchange that offers XRP trading for its users.

    5. Binance: One of the largest and most popular exchanges globally, Binance hosts a significant volume of XRP trades with various pairings available.

    6. Coinbase: Based in the United States, Coinbase is one of the most user-friendly platforms especially for beginners and it supports buying and trading of XRP.

    See this link for details on how to buy XRP:https://www.coinbase.com/how-to-buy/xrp

    How to buy XRP?

    7.Huobi: A major global cryptocurrency exchange, Huobi offers a diverse range of trading pairs, including XRP, catering to a broad international audience.

    8.Bitfinex: Based in Hong Kong, Bitfinex is known for its advanced trading features and offers trading options for XRP.

    9.eToro: Popular for its social trading features, eToro allows users to trade XRP and follow or copy the trades of experienced users.

    10.OKEx: This Malta-based exchange is known for its wide variety of trading pairs, including XRP, and caters to a global user base with its advanced trading platform.

    These exchanges, with their diverse geographical bases and unique features, contribute to the wide availability and popularity of XRP in the global cryptocurrency market.

    These are just a few examples. When selecting an exchange to buy XRP, it's important to consider factors such as the exchange's security measures, fees, ease of use, and where the exchange is legally based.


    How to Store XRP?

    Storing XRP involves the usage of crypto wallets. These digital wallets permit users to store, send, and receive cryptocurrencies securely. Various types of wallets are available to store XRP, and they can generally be categorized into hardware and software wallets.

    1. Hardware Wallets: These are physical devices that store cryptocurrency tokens offline. This “cold storage” method provides more security since it minimizes the risk of online hacks. Two notable hardware wallets supporting XRP are:

    - Ledger Nano S: This wallet supports a wide variety of cryptocurrencies, including XRP. It keeps the private keys offline and secure.

    - Trezor Model T: Trezor is another brand of hardware wallet, and the Model T version supports XRP.

    2. Software Wallets: These are programs or applications that you can install on your computer or smartphone. While they're more susceptible to online threats compared to hardware wallets, they offer a high level of convenience.

    - Toast Wallet: A free, open-source XRP wallet that is user-friendly and has a clear and straightforward interface.

    - Exarpy: This is a web-based wallet for storing XRP. It is non-hosted, meaning you have full control over your keys.

    3. Exchange Wallets: When you purchase XRP from a cryptocurrency exchange, it is usually stored in a wallet provided by the exchange. For example, Coinbase, Bitstamp, and Kraken provide users with an exchange wallet for storing XRP.

    Regardless of the wallet chosen, it's crucial to follow best practices for securing cryptocurrency wallets, such as using strong, unique passwords, and keeping backup keys in a safe and secured place.

    Is It Safe?

    When evaluating the safety of buying XRP on Kraken, several factors should be considered:

    • Hardware Wallet Integration: Kraken does not directly offer a hardware wallet, but users can transfer their XRP from Kraken to a personal hardware wallet for enhanced security. Hardware wallets provide an additional layer of security by storing cryptocurrencies offline, making them less vulnerable to online hacking attempts. After purchasing XRP on Kraken, it's a recommended practice to transfer the tokens to a hardware wallet for long-term storage.

    • Exchange's Technical Security Standards: Kraken is known for its high technical security standards in the industry. The exchange implements robust security measures, including two-factor authentication (2FA), SSL encryption, and a comprehensive range of security features to protect users accounts and assets. Additionally, Kraken's history of security and its commitment to continuous improvement in this area have contributed to its reputation as a secure platform for trading cryptocurrencies.

    • Token Address Security: The security of token transfers on Kraken, like with any other reputable exchange, is high. When you transfer XRP or any other cryptocurrency, the transaction occurs over a secure and encrypted address. This ensures that the tokens move securely from one wallet to another, minimizing the risk of interception or fraud.

    • Overall, while Kraken does not directly provide hardware wallets, its platform's security standards are in line with industry best practices, and the security of token addresses during transfers is robust.

      How to Earn XRP?

      Earning XRP can be approached in several ways, considering its unique characteristics and market dynamics. Whether you can make money and how you can earn XRP largely depends on your investment strategy and market conditions. Here are some methods:

      • Long-Term Investment: By purchasing XRP with the expectation of its value increasing over time, long-term investors can potentially earn profits. This strategy involves holding onto XRP for an extended period, betting on its future growth, especially its potential in streamlining global financial transactions.

      • Day Trading: Given XRP's liquidity and volatility, it can be attractive for day traders. This approach involves buying and selling XRP within short timeframes to capitalize on price fluctuations. Successful day trading requires a good understanding of the market and the ability to respond quickly to price changes.

      • Participation in Ripple Network: Some may earn XRP by participating in the Ripple network, though this is more complex and typically geared towards developers or institutions. By contributing to the network's development or running a validator, there might be potential rewards in XRP, although this is not a common method for the average individual.

      • Staking or Interest-Earning Accounts: If available, staking XRP or putting it in interest-earning crypto accounts can generate earnings. This method involves locking up your XRP for a certain period to support network operations or lending it out, earning interest in return.

      • Working for XRP: In some cases, individuals can earn XRP by offering services or products in exchange for the cryptocurrency. This is less common but is an option for those who prefer direct earning methods.

      • It's important to remember that earning money through cryptocurrencies, including XRP, involves significant risks due to market volatility, legal and regulatory uncertainties, and the complexities of the crypto market.

        How to earn it?


        XRP, also known as Ripple, is a cryptocurrency candidly designed for the financial sector, with focal execution speed and low transaction costs. Founded by Chris Larsen and Jed McCaleb in 2012, it represents a significant shift away from cryptocurrencies like Bitcoin, especially in the context of its centralized ownership and creation.

        Unlike traditional cryptocurrencies, XRP is pre-mined, meaning all tokens have already been generated. Its development has involved partnering with various financial institutions, enabling the use of XRP for swift, cross-border transactions.

        However, it's critical to acknowledge the unique risks and challenges associated with XRP investment. These include ongoing legal and regulatory issues, high price volatility, and concerns over centralization.

        As for its prospect for appreciation, it depends on a myriad of factors. Future adoption by more banks and fintech companies, regulatory clarity, and the general demand and supply dynamics in the cryptocurrency market will play significant roles in determining its future value.

        Remember that investing in cryptocurrencies involves considerable risk, and potential investors should thoroughly research and consider their risk tolerance before investing in XRP or any other cryptocurrency.


        Q: Which exchanges extensively accept XRP?

        A: XRP is accepted on several exchanges, including Bitstamp, Kraken, Bitso, Coinone, and others.

        Q: Is it possible to mine XRP like other cryptocurrencies?

        A: No, XRP can't be mined as all its tokens were pre-mined during its inception.

        Q: Can you briefly describe the transaction speed of XRP?

        A: Compared to other cryptocurrencies, XRP boasts notably higher transaction speeds, often settling within seconds.

        Q: What are some preferred wallets for storing XRP?

        A: XRP can be securely stored on wallets such as Ledger Nano S, Trezor Model T, and others.

        Q: What considerations should potential XRP investors keep in mind?

        A: Prospective XRP investors should consider its legal and regulatory risks, its high volatility, and should also commit to thorough research before investing.

        Risk Warning

        Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews


171 ratings

Participate in evaluation
good token
2023-08-22 14:50
good exchange
2023-08-22 14:50
XRP arguably presents the most robust and clear-cut use case in the crypto industry.
2023-09-02 10:29
Nice project and I hope the rate goes high
2024-03-27 11:04
Tran Hoang Dung
The transaction fee on the 瑞波币 exchange is too expensive, I have to think if I continue to trade. Bad customer support!
2023-12-23 08:44
XRP is the native cryptocurrency of the Ripple network, which is designed to facilitate fast and cost-effective cross-border payments.
2023-11-30 17:59
Super Sam
Ripple aims to facilitate cross-border payments and connect financial institutions. XRP is the native cryptocurrency used for transactions on the Ripple network.
2023-11-06 21:35
Ripple Network is a network that has been developed to provide quick and secure transactions
2023-11-03 20:25
XRP has a dedicated community of supporters. Market sentiment and investor confidence can have a substantial impact on its value.
2023-11-02 05:18
XRP serves as both a digital currency and a bridge currency in cross-border transactions.
2023-12-19 18:30
XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
2023-12-06 19:47
It is good to know that Ripple's primary goal is to enable secure and efficient international money transfers, making it an attractive option for financial institutions and payment service providers.
2023-10-29 22:53
Good Investment 💪
2023-09-01 07:05
tried to hold it before somehow it's good
2023-09-07 09:36
Prior to the SEC lawsuit, XRP had gained partnerships with some major financial institutions, indicating potential for real-world use. However, these partnerships were impacted by the legal issues.
2023-11-24 07:38
XRP is a digital payment protocol known for its fast and low-cost transactions. Developed by Ripple, it aims to facilitate cross-border payments and improve the efficiency of the financial system. However, it has faced regulatory challenges, impacting its market dynamics.
2023-11-22 02:55
XRP has experienced significant price volatility. Its price can be influenced by various factors, including regulatory developments, market sentiment, and adoption.
2023-10-27 13:46
Dazzling Dust
Based on my experience, XRP has proven itself as a game-changer in the world of digital assets. Its lightning-fast transaction speed and low fees have made cross-border payments a seamless and cost-effective process. The security and reliability of the Ripple network give me confidence in its use for both personal and business transactions. XRP's potential to revolutionize the financial industry is undeniable, and I'm excited to be a part of this digital revolution.
2023-10-23 11:30
The trading liquidity of Ripple is very good, and there is almost no need to worry about not being able to sell it. However, I also noticed that its transaction fees are a little on the high side, and I hope that can be improved.
2023-10-05 14:46
Way back 2019 i traded my first xrp tokens on coins.ph the transaction was so fast. Ripple XRP is one of the top coins in terms of it's market capitalization. it has a high trading volume because of its use case. It's really a good token to hold.
2023-09-09 13:25

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