About XRP

 Crypto traders and speculators have been discussing the digital currency XRP (ripple) lately because the price has been stagnant compared to other digital assets. Some venture capitalists and analysts plan to short XRP, while other speculators believe the crypto is poised for a price jump in the future. Additionally, crypto enthusiasts have been discussing Ripple cofounder Jed McCaleb selling 1 billion XRP.

The Ripple project have always been a controversial topic among cryptocurrency supporters. Lots of people love and advocate for XRP, while others believe the network is pure garbage. According to the project’s creators, the Ripple network is a real-time gross settlement system that has a native token called XRP. The project was launched in 2012 and XRP is one of the oldest digital currencies in comparison to networks like BTC.

XRP market cap is represented by the color purple and is the third largest cryptocurrency market valuation today.

Our newsdesk decided to look at data points to see how the digital asset weighs up against BTC’s market and network performance. News.Bitcoin.com analyzed data from onchain, the economics, development and the XRP project’s prominence on social media. Further, we took a look at today’s opinions from crypto influencers and analysts speculating on XRP digital currency markets and the network’s performance. Long ago, XRP was called “ripple” but most people refer to the cryptocurrency these days as simply XRP. When the digital currency was launched, developers created 100 billion units but at press time there’s less than half that number in circulation (43.6 billion).

Do you want to dig deeper into cryptocurrencies? Explore past and present cryptocurrency prices through our crypto markets tool and head to our Blockchain Explorer to view specific transactions, addresses, and blocks.

XRP is trading for $0.27 per coin today and there’s 43,698,224,662 XRP in circulation. Tallying up each coin’s worth plus the number of XRP in circulation makes XRP the third largest blockchain by market capitalization. According to Messari.io, XRP’s trade volume this week was between $325-660 million per day, but the data site claims “real volume” during the last 24 hours is around $121 million. XRP is down 92% from its $3.84 per unit all-time high (ATH). During the last year against USD, the currency is down 11% and against BTC, XRP is down 66% over the same timeframe. As far as volume by currency is concerned, Cryptocompare indicates that tether (USDT) is the top coin swapped with XRP, capturing 46% of all trades. This is followed by BTC (17.68%), USD (8.77%), KRW (6.96%), ETH (3.60%), JPY (3.08%), and EUR (1.80%).