What are the important stats for XRP?

With a circulating supply of 45.4 billion tokens, Ripple's XRP boasts a market capitalization of $19.3 billion, solidifying its position among the top six cryptocurrencies by value.

Feb 05, 2025 at 08:36 pm

Key Points:

• XRP is a digital asset created by Ripple, a company that develops enterprise blockchain solutions.
• XRP is designed to facilitate fast and inexpensive cross-border payments.
• XRP has a circulating supply of 45,404,028,335 tokens.
• XRP's market capitalization as of March 8, 2023, is approximately $19.3 billion.
• XRP is ranked 6th in terms of market capitalization among all cryptocurrencies.

Important Stats for XRP:

1. Circulating Supply:

• XRP has a circulating supply of 45,404,028,335 tokens.
• This circulating supply is controlled by Ripple, which holds the remaining XRP in escrow.
• The escrowed XRP is released periodically to fund Ripple's operations, support ecosystem development, and promote XRP adoption.

2. Market Capitalization:

• XRP's market capitalization as of March 8, 2023, is approximately $19.3 billion.
• This makes XRP the 6th largest cryptocurrency by market capitalization.
• XRP's market capitalization has fluctuated significantly over time, reaching an all-time high of approximately $138.6 billion in January 2018.

3. Trading Volume:

• XRP's trading volume is typically high, making it one of the most liquid cryptocurrencies.
• In the past 24 hours, XRP's trading volume has been approximately $1.1 billion.
• XRP is traded on a wide range of cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

4. Price History:

• XRP's price has been volatile since its launch in 2012.
• The highest price XRP has reached is approximately $3.84 on January 4, 2018.
• The lowest price XRP has reached is approximately $0.0025 on February 6, 2015.

5. Use Cases:

• XRP is primarily used for cross-border payments.
• Ripple's RippleNet payment network utilizes XRP to facilitate fast and inexpensive transactions between financial institutions.
• XRP can also be used to purchase goods and services from a growing number of merchants that accept cryptocurrency payments.

6. Competitive Advantage:

• XRP's competitive advantage lies in its speed, low fees, and scalability.
• Transactions on the XRP Ledger typically settle within seconds and cost a fraction of a cent.
• XRP is capable of handling a high volume of transactions per second, making it suitable for enterprise use.

FAQs:

Q: What is the purpose of XRP?
A: XRP is a digital asset created by Ripple to facilitate fast and inexpensive cross-border payments.

Q: How does XRP work?
A: XRP is used as a bridge currency on the RippleNet payment network, allowing financial institutions to exchange currencies without the need for pre-funding or nostro accounts.

Q: Is XRP a good investment?
A: The potential return on investment in XRP depends on a variety of factors, such as market conditions, regulatory developments, and adoption by financial institutions. It is important to conduct thorough research and consult with a financial advisor before making investment decisions.

Q: Where can I buy XRP?
A: XRP can be purchased on a wide range of cryptocurrency exchanges, including Binance, Coinbase, and Kraken.