XRP price

in GBP
Top market cap
£2.221
+£0.067159 (+3.11%)
GBP
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Market cap
£132.36B #3
Circulating supply
59.61B / 100B
All-time high
£2.699
24h volume
£5.01B
4.4 / 5
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About XRP

XRP is a digital asset designed to facilitate fast, low-cost, and efficient cross-border payments. It operates on the XRP Ledger, a decentralized and open-source blockchain known for its speed and scalability. Unlike many cryptocurrencies, XRP is used as a bridge currency, enabling seamless transactions between different fiat currencies without the need for pre-funded accounts. This makes it particularly valuable for financial institutions and payment providers looking to improve liquidity and reduce transaction costs. With its real-world utility and adoption in global payment systems, XRP is positioned as a key player in the evolution of digital finance.
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XRP’s price performance

459% better than the stock market
Past year
+469.33%
£0.39
3 months
+29.53%
£1.71
30 days
-5.40%
£2.35
7 days
+7.96%
£2.06
55%
Buying
Updated hourly.
More people are buying XRP than selling on OKX

XRP on socials

Sui News
Sui News
Look at the chart in 7D frame view🥰🥰 Keep your momentum! #Sui #SuiNews #SuiNetwork #Web3Gaming
Truck
Truck
🚀 **Crypto Trends Alert!** Based on CoinMarketCap's algo (price/news/social buzz): 1. **X Layer Ecosystem** 📊 +95% vs mkt (30d): OKB burns 50% supply, X Layer hits 5K TPS & $33B TVL – DeFi/RWA boom! OKB +144% in 7d. Explore: 2. **Institutional Adoption** 🏦 +120% vs mkt: XRP ETF odds 91%, Ripple bank charter push, RLUSD $700M cap. XRP at $2.80 eyeing $5-7? Watch SEC! 3. **ZK Infrastructure** 🔒 +60% vs mkt: 0G's AI blockchain w/ 10B txns, sub-sec finality. AI/DeFi hybrids incoming! Market loves insti + tech mashups. Will X Layer hold post-upgrade? thoughts ? 👇👇
TechFlow
TechFlow
Prediction market information is overloaded, and the aggregator track has become a new "traffic entrance"
By June, TechFlow As soon as Musk's compensation plan was announced, traders' fingers were already flying on the keyboard. But they are not looking to buy Tesla stock, but to search for relevant questions in the prediction market. In their opinion, this news can extend a variety of prediction themes: Who will be the world's first trillionaire? When will Musk break through a trillion net worth? What is the direction of Tesla's market capitalization this quarter? In which city will Robotaxi be the first to land? This is the current daily routine for prediction market traders: behind a piece of news, there are often multiple themes and opportunities hidden on multiple prediction platforms. However, the reality is that traders need to look for relevant markets on multiple platforms such as Polymarket, Kalshi, Limitless, etc., to compare odds and monitor price movements. From this incident alone, it can be seen that there is a shortage of the market. If the relevant prediction market can be automatically matched according to the news content, the trading efficiency will be greatly improved; In turn, if you can quickly grasp the key points and place precise bets after the news is released, the winning rate will increase significantly. This multi-platform coexistence poses unprecedented challenges for traders: finding the best odds requires switching between multiple platforms, capturing arbitrage opportunities while monitoring price differences across different platforms, and keeping track of the latest market news for comprehensive information. This fragmented information not only consumes time and effort but also hinders traders from making optimal decisions. Trading volume catches up with memes, but the information is noisier Remember the meme coin explosion a few years ago? In 2024, the Pumpfun launch platform has risen rapidly. At that time, new coins were emerging one after another, and the speed of issuance was dizzying. With such a large and rapidly growing market, traders are quickly overwhelmed, and it becomes extremely impractical to manually track each new project. In the midst of this chaos, trading robots and aggregation platforms emerged. They help users sift through information, identify opportunities, and streamline complex trading processes. Now this scene is predicting a repeat in the market. On September 8, the prediction market had a single-day trading volume of $270 million, with Kalshi dominating 80%, equivalent to 38% of Solana's overall meme coin trading volume. The prediction market is gaining momentum and is starting to attack the meme coin market. As more prediction market platforms emerge, traders are once again facing information overload. When supply exceeds human processing capacity, aggregation and automation tools become a necessity. This is a process that all fast-growing crypto ecosystems go through. At this moment, the prediction market is standing at this turning point. The giants compete for hegemony, and the heroes compete for deer The popularity of the prediction market can actually be seen from a few months ago. In May, the U.S. Commodity Futures Trading Commission (CFTC) withdrew its appeal against Kalshi. In the same month, Kalshi began supporting cryptocurrency deposits, including various assets such as USDC, RLUSD, SOL, BTC, WLD, and XRP, providing users with funding options beyond traditional methods. In June, Kalshi officially became a unicorn when it received a $185 million funding round led by Paradigm in Series C, valuing it at $2 billion. At the same time, Polymarket also reported that it is about to raise about $200 million at a valuation of more than $1 billion, and both giants have ushered in the favor of capital. However, Polymarket's journey to the United States has been quite winding. During 2022, the platform was fined $1.4 million by the CFTC for operating an unregistered binary options marketplace and was forced to restrict access to U.S. users. Just as he was famous for accurately predicting the results of the 2024 U.S. presidential election, the FBI suddenly came to his door eight days later and searched the computer and mobile phone of founder Coplan. The plot took a turn during the Trump administration. The judicial investigation came to an abrupt end, and Polymarket officially gave the green light to the CFTC on September 4 by acquiring QCEX, a "return ticket". With the dual blessing of the loosening of the regulatory environment and capital boost, it has created an excellent soil for the outbreak of the prediction market track. At this moment, the competitive landscape is also quietly changing. Kalshi performed well after recruiting John Wang, a well-known KOL in the crypto industry, as the Head of Crypto. Since August 25, its weekly trading volume has begun to surpass Polymarket, and the competition between the two giants has become more and more intense. At a time when the giants are vying for supremacy, new contenders are already on the move: MyriadMarkets (founded by Farokh, founder of Rug Radio and Decrypt Media), Truemarkets, HedgehogMarket, DriftProtocol, and Limitless, among others. Prediction markets are rapidly reshaping, and these platforms are undoubtedly looking for a piece of this booming market. Just as the "group meme swandance" was spawned back then, from the early Bananabot to the GMGN platform to tools like Axiom, the prediction market war is creating huge market demand for aggregators. The prototype of the aggregator is emerging The pain points mentioned at the beginning have given rise to a number of innovative solutions. While most of them are still in beta, they have shown great potential. Developed by @rileyxcook, monitorthesituation.lol enables real-time order book display across platforms and automatically matches similar markets on Kalshi, Limitless, and Polymarket, allowing traders to spot price differences at a glance. Verso Trading has built a smarter news engine that consolidates duplicate news headlines into a single event and provides impact and relevance scores. This allows users to see which news is truly impacting Kalshi's contract price, and the platform is also about to launch a low-latency real-time alert feature that notifies users as soon as news or tweets may impact the market. At just 16 years old, engineer @agpkeleta created Aerospace. This is a prediction market trading terminal equipped with real-time news feeds that accurately match alpha information to relevant markets. This allows traders to quickly snipe market opportunities based on confirmed outcomes before the market resolves to "yes." So far, the website only supports Polymarket, and Kalshi will be available soon. These tools all solve the same core problem, which is to integrate news information with relevant prediction markets into a unified platform to facilitate complex trading. While still in its early stages, these beta versions have proven the aggregator's value proposition. Looking ahead: Greater opportunities When there is a gap in the market, opportunities come. The rise of prediction market aggregators is not accidental but a corollary of the thriving ecosystem. A thriving ecosystem needs diversified infrastructure support, and we have already seen this pattern during the Meme coin explosion a few years ago. When the core asset classes mature, tools, analytics platforms, and automation solutions have sprung up around them, eventually forming a complete ecological closed loop. It is possible that today's prediction markets are at the same tipping point. With the emergence of more platforms and the expansion of the user base, the demand for specialized tools will only become stronger. Aggregators may just be the beginning. We are likely to see more innovations, such as cross-platform arbitrage robots, AI-powered market analysis tools, institutional-grade risk management systems, and more. Prediction markets are no longer just "bets" but are evolving into a complex trading ecosystem that requires specialized tools and in-depth analysis. And those projects that can provide the core infrastructure during this transition period are likely to become the most important components of this emerging ecosystem. Easter egg: Since it's a prediction market, why not let AI also predict what the future will hold. The author asked AI to boldly look forward to the future of this track, and here is its answer. In the short term (6-12 months): The aggregator war is about to begin Polymarket vs Kalshi Upgrade: The two companies will launch more similar marketplaces and compete directly against each other, and users will see fierce price battles on different platforms for the same event The new platform will "copy homework": frantically copying popular markets, resulting in serious homogenization Medium term (1-2 years): API integration becomes standard: Successful aggregators force platforms to open better APIs or lose traffic Institutional players enter: Hedge funds and quantitative teams will start using prediction market arbitrage on a large scale, reducing the advantage of retail investors Vertical segmentation emerges: prediction markets specializing in sports, politics, and crypto will rise, and general platforms will begin to differentiate Long term (3-5 years): Platform reshuffle: There will only be 2-3 mainstream platforms left, and the others will either be acquired or die Aggregators become "super entry-on-rams": The most successful aggregators may launch their own marketplaces, becoming both channels and platforms AI-driven predictions have become mainstream: AI analyzes news, social media data to automatically place bets, and manual predictions become a niche hobby The boldest predictions: Prediction market aggregators of the future will not only show prices, but also provide financial instruments such as leverage, options, portfolios, etc., just like today's brokers. At that point, prediction markets really became a full-fledged financial category. Which prediction do you think is most likely to come true?

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XRP FAQ

XRP is a digital asset that's native to the XRP Ledger — an open-source, permisionless and decentralized blockchain technology. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in three to five seconds. It was built to be a better Bitcoin — faster, cheaper, and greener than any other digital asset.

XRPL, like most blockchains, employs a consensus algorithm to keep the network decentralized. XRPL employs the Federated Consensus algorithm, which is more environmentally friendly, faster, and less expensive than Bitcoin's Proof of Work mechanism.

Because there are no predefined selection processes involving mining and staking, anyone can become a validator, which is one of the peculiarities of XRPL's consensus mechanism. Even though the XRPL validator community is open to all, XRPL maintains a list of trusted validators known as the Unique Node List (UNL). XRPL is in charge of some of the validator nodes on the UNL.

Ripple is a technology company that aims to make it easier to build a high-performance, global payments business.

XRP is a digital asset that's native to the XRP Ledger — an open-source, permisionless and decentralized blockchain technology. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in three to five seconds. It was built to be a better Bitcoin — faster, cheaper, and greener than any other digital asset.

No, XRP Ledger is a decentralized public blockchain. Ripple is a contributor to the XRP Ledger; it does not own the blockchain network.

The all-time high (ATH) price of XRP is $3.40, recorded in January 2018.

The cryptocurrency market is unpredictable and subject to volatility. When considering buying XRP, it's essential to make a price prediction based on thorough research of multiple factors that impact the cryptocurrency market, such as crypto industry trends, crypto news, XRP adoption, regulations, and company developments, among others. Additionally, analyzing XRP's tokenomics, including its price history, market capitalization, total supply, and max supply, can provide further insight into the token's potential performance.

To purchase XRP, users can rely on reputable crypto exchanges like OKX. OKX offers several ways to buy XRP.


If you prefer to use fiat currency, you can use a valid credit or debit card to purchase XRP by clicking the "Buy with card" option from the "Buy crypto" header menu.


Alternatively, you can use your existing cryptocurrencies to obtain XRP tokens through the various trading pairs available on OKX's spot market. You can also visit OKX Convert to swap your digital assets, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and more, for XRP without incurring any fees or price slippage.


To view the estimated real-time conversion prices between XRP and your preferred fiat currency, such as the US Dollar, EUR, GBP, or others, visit our new OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one XRP is worth £2.221. For answers and insight into XRP's price action, you're in the right place. Explore the latest XRP charts and trade responsibly with OKX.
Cryptocurrencies, such as XRP, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as XRP have been created as well.
Check out our XRP price prediction page to forecast future prices and determine your price targets.

Dive deeper into XRP

XRP is a digital asset that's native to the XRP Ledger — an open-source, permisionless and decentralized blockchain technology.

Legacy payment transfer solutions, such as SWIFT, take several business days to settle international fund transfers and charge high fees because it involves multiple banking partners. Ripple uses the XRP Ledger, an open-source blockchain network, to streamline global payment infrastructure and settle all XRP transactions, allowing businesses to send and receive cross-border payments in three to five seconds. XRP transactions are not only much faster than SWIFT or decentralized payment networks like Bitcoin, but they are much cheaper. To be more specific, XRP’s transaction fees cost only $0.0002.

Companies and financial institutions can use XRP to send real-time cross-border payments, source crypto liquidity from global crypto markets, and create their own central bank digital currency (CBDC).

While payment was the foundation of Ripple's operations in its early years, the protocol has gradually rebranded into a more robust ecosystem in recent years, owing to the explosion of decentralized applications. Today, Ripple provides an environment in which DeFi and NFT applications can thrive, in addition to enabling lightning-fast and cheap payments.

XRP is the native token used to facilitate transactions on the Ripple network.

How does Ripple work

There are three core components of the Ripple network:

  • RippleNet: RippleNet is a network of financial institutions, including global banks, that helps users send and receive payments on Ripple. Just as HTTPS provides a common protocol to send information across the web, RippleNet allows value transfer using a uniform set of rules called Ripple Transaction Protocol (RTXP).
  • Ripple: Ripple is the core platform powered by XRP Ledger (XRPL) and provides three features, namely the real-time gross settlement system (RTGS), currency exchange, and remittance transfers.
  • Gateways: Gateways are banks that act as trusted intermediaries between two transacting parties. These gateways are responsible for transferring funds in fiat and cryptocurrencies using the Ripple network.

What is the XRP Ledger

Blockchains like Bitcoin or Ethereum are decentralized and rely on trustless consensus mechanisms where users do not need to trust each other to send value. On the contrary, Ripple relies on a trust-based consensus mechanism using the XRP Ledger consensus protocol, where transactions are verified by trusted validators.

The XRP Ledger comprises servers that collect transactions from client applications, such as financial institutions, and processes them. Participants using the Ripple network choose a set of servers that participate in a consensus mechanism from a Unique Node List (UNL) maintained by Ripple. These servers are trusted to behave honestly to validate transactions. As long as 80 percent of servers on the UNL agree on a set of transactions, the transactions are verified. If a majority consensus is not achieved, the validators modify their proposals over several rounds until the UNL servers consider the transitions valid.

The XRP Ledger servers are operated by companies and financial institutions. Ripple, XRP Ledger Foundation, and Coil (a Ripple-funded platform) release lists of recommended validators based on metrics like past performance, verified identity, and IT policies.

XRP price and tokenomics

Ripple minted a hard-capped supply of 100 billion XRP at launch. Of these 100 billion XRP tokens, 20 percent were given to Ripple founders Chris Larsen and Jed McCaleb, 77.8 percent of XRP tokens were allocated to Ripple, and 0.2 percent were airdropped to users.

In 2017, Ripple sent 55 billion XRP tokens from its allocated supply to an escrow account. It was decided that the company would release a maximum of 1 billion XRP tokens per month to support Ripple's operations. The unused funds are sent back to the escrow account by the end of each month. Messari suggests that nearly 300 million XRP from the escrow account enter circulation each month. Ripple reportedly holds 40.7 billion XRP tokens in escrow as of February 2024. Despite the large volume of tokens being moved at regular intervals, the monthly release hasn't caused instability for XRP prices.

All XRP tokens were pre-mined by Ripple at launch. As a result, you cannot mine new XRP tokens. To ease inflation, Ripple has implemented a deflationary mechanism for XRP wherein all the fees collected on the network are burned.

XRP tokens enter circulation when the tokens are sold in the open market. Ripple cannot sell more than 0.25 percent of the average daily volume of crypto exchanges from their reserves during programmatic sales. XRP sales also come from direct selling by institutions partnering with Ripple.

The XRP price reached its all-time high of $3.84 on January 4, 2018. The token has a maximum supply of 100,000,000,000 XRP, and a circulating supply of 55.9 billion as of August 2024.

About the founders

Ryan Fugger founded a decentralized platform for creating and managing credit lines called RipplePay in 2004, which would later become Ripple. In 2011, Jed McCaleb, with a team of developers, started working on a new consensus mechanism for digital currencies, which was later called XRP Ledger. McCaleb was joined by Chris Larsen, David Schwartz, and Arthur Britto.

A year after, Jed McCaleb and Chris Larsen reached out to Ryan Fugger to acquire RipplePay, and Ryan decided to hand over the project to them. After integrating RipplePay, Larsen, and McCaleb launched Opencoin (now Ripple Labs) in September 2012.

Ripple Labs released the XRP cryptocurrency in 2012 and raised over $7.5 million in a Series A funding round led by Andreessen Horowitz in 2013 to fund the development of the Ripple project. Since then, be it implementing stricter anti-money laundering policies or obtaining a BitLicense from the State of New York, Ripple has focused on gaining the trust of financial institutions to join their network and process payments.

Brad Garlinghouse, who joined as Ripple's first Chief Operating Officer in 2015, was appointed the company's Chief Executive Officer at the start of 2017, replacing Larsen. Garlinghouse continues to hold the position of Ripple CEO today.

Ripple highlights

Ripple is popular among businesses due to the numerous business opportunities it offers. Santander adopted Ripple's technology for the launch of One Pay FX in 2016. The service aimed to provide faster and more cost-effective cross-border payments to clients. In the same year, Ripple launched a pilot program with Standard Chartered to bring its fast cross-border payment services to the lender's customers.

After adding XRP support in 2018, Wirex, a digital payments platform that supports transactions in cryptocurrency, received 12 million in XRP deposits. Additionally, Ripple gained visibility and credibility in the cryptocurrency industry in 2019. The Swiss SIX exchange launched an XRP ETP (exchange-traded product) in April, making it easier for traders to gain exposure to XRP. Nasdaq also added XRP to its cryptocurrency indexes, which helped to increase awareness and adoption of the cryptocurrency. Furthermore, Boerse Stuttgart, the second-largest stock exchange in Germany, launched XRP exchange-traded notes. Ripple announced at the end of 2019 that it had raised $200 million from Tetragon, SBI Holdings, and Route 66 Ventures.

In April 2024, Ripple announced plans to launch a U.S. dollar-pegged stablecoin that would compete with current leading stablecoins USDT and USDC, from Tether and Circle, respectively. Ripple has said the stablecoin will be backed 1-to-1 by equivalent assets including cash, U.S. dollar deposits, and government bonds. The stablecoin will initially be launched in the U.S.

Ripple and the U.S. Securities and Exchange Commission (SEC)

Ripple previously faced legal challenges from the U.S. Securities and Exchange Commission (SEC). The SEC alleged that XRP is a security subject to federal securities laws, while Ripple argued that XRP is a currency and, therefore, not subject to the same regulations.

A significant legal milestone was achieved in the cryptocurrency industry during July 2023 as U.S. District Judge Analisa Torres ruled that Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges. This ruling marks the first victory for a cryptocurrency company in a case brought against the SEC.

This outcome could have far-reaching implications for the broader cryptocurrency market, as it sheds light on the regulatory landscape surrounding digital assets and token sales.

Disclaimer

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Market cap
£132.36B #3
Circulating supply
59.61B / 100B
All-time high
£2.699
24h volume
£5.01B
4.4 / 5
XRPXRP
GBPGBP
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