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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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XRP

XRP

XRP (XRP) is now live on http://www.coinbase.com & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store this asset.

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About XRP

XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. Built for enterprise use on a global scale, XRP powers cost-efficient cross-border payments.

Resources

Whitepaper
Official website

XRP is the native digital asset of the XRP Ledger (XRPL), an open-source, decentralized technology that was launched in 2021. XRP, the digital currency, was introduced as an alternative to other digital currencies with a focus on speed and energy efficiency. The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol, making it a versatile tool in the digital currency space.

XRP operates on the XRP Ledger, which uses a unique Federated Consensus mechanism to validate transactions. Transactions are confirmed through a consensus protocol, where independent servers, known as validators, agree on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed immediately. The XRP Ledger is transparent and public, and anyone can operate a validator. This Federated Consensus mechanism aims to process all verified transactions without a single point of failure, as no single participant makes a decision independently.

XRP presents a wide variety of applications and use cases related to payments, including micropayments, DeFi, and soon, NFTs. The XRP Ledger supports enterprises and developers with powerful utility and flexibility. Developers can create solutions that solve inefficiencies, including remittance and asset tokenization, using the XRP Ledger. Currently, the five main applications of the XRP Ledger are payments, tokenization, DeFi, CBDCs, and stablecoins. The XRP Ledger provides a platform for developers to build applications with the potential to enhance the efficiency and speed of digital transactions.

XRP and the XRP Ledger were launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto as an alternative to the Bitcoin blockchain with a focus on speed and energy efficiency. In September of the same year, they, along with Chris Larsen, founded the company that is today known as Ripple. The XRP Ledger architects gifted a large amount of XRP to Ripple so that the company could build use cases around the digital asset. Since late 2020, Ripple Labs, the creators of the XRP token, has been in a legal battle with the United States Securities and Exchange Commission over whether or not XRP is a security.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market Stats

Market cap

£22.7B

Volume (24h)

£751.6M

Circulating supply

55.2B XRP

Typical hold time

70 days

Popularity

#7

All time high

£3.08

Price change (1h)

+0.12%

Price change (24h)

-1.95%

Price change (7d)

-0.33%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom News about XRP

BeInCrypto • Apr 22, 24

Ripple Rebounds: XRP Price Hits Critical Turning Point – What’s Next?

XRP's recent bounce from $0.43 support is positive, but its future movement hinges on market sentiment, crypto trends, and Ripple's developments. Monitoring its performance is crucial for gauging sustained momentum.The post Ripple Rebounds: XRP Price Hits Critical Turning Point – What’s Next? app...

Read more

News Article Image

BeInCrypto • Apr 14, 24

Ripple Steps Into DeFi, Announces XRP Lending Protocol

Ripple's XRPL proposed native lending protocol would enable direct lending and borrowing of fungible tokens like XRP, wBTC, and wETH.The post Ripple Steps Into DeFi, Announces XRP Lending Protocol appeared first on BeInCrypto.

Read more

News Article Image

Blockworks • Mar 27, 24

NEAR launches tool for signing transactions on Bitcoin, Ethereum and more

At launch, Chain Signatures will be compatible with Bitcoin, Ethereum and Cosmos network chains, as well as DogeCoin and XRP Ledger

Read more

News Article Image

DL News • Feb 26, 24

Lido’s stETH leapfrogs XRP market value amid Ether staking frenzy

Lido’s staked ETH has overtaken Ripple’s XRP to become the sixth-largest crypto with a $30 billion market cap.

Read more

News Article Image

CoinDesk • Feb 13, 24

Ripple to Buy New York Crypto Trust Company to Expand U.S. Options

Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing.

Read more

News Article Image

BeInCrypto • Jan 03, 24

Ripple (XRP) Price Returns to Pivotal Support – Will It Sink or Swim?

The XRP price trend will be confirmed as bullish if the price closes above the $0.54 support.The post Ripple (XRP) Price Returns to Pivotal Support – Will It Sink or Swim? appeared first on BeInCrypto.

Read more

News Article Image

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XRP is on the decline this week.

The price of XRP has increased by 0.12% in the last hour and decreased by 1.95% in the past 24 hours. XRP’s price has also fallen by 0.33% in the past week. The current price is £0.41 per XRP with a 24-hour trading volume of £751.56M. Currently, XRP is valued at 86.60% below its all time high of £3.08. This all-time high was the highest price paid for XRP since its launch.

The current circulating supply of XRP is 55,235,913,166 XRP which means that XRP has as total market cap of 55,235,913,166.

FAQ

What is the current price of XRP?

We update our XRP to GBP currency in real-time. Get the live price of XRP on Coinbase.

What is the market cap of XRP?

The current market cap of XRP is £22.74B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of XRP?

The all-time high of XRP is £3.08. This all-time high is highest price paid for XRP since it was launched.

What is the 24 hour trading volume of XRP?

Over the last 24 hours, the trading volume of XRP is £751.56M.

What other assets are similar to XRP?

Assets that have a similar market cap to XRP include Bitcoin, Ethereum, Tether, and many others. To see a full list, see our comparable market cap assets.

How many XRP are there?

The current circulating supply of XRP is 55 billion.

What is the typical holding time of XRP?

The median time that Coinbase customers hold XRP before selling it or sending it to another account or address is 70 days.

What is the relative popularity of XRP?

XRP ranks 14 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of XRP?

Currently, 98% of Coinbase users are buying XRP. In other words, 98% of Coinbase customers have increased their net position in XRP over the past 24 hours through trading.

Can I buy XRP on Coinbase?

Yes, XRP is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy XRP guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024