XRP
XRP Price
Ripple's XRP platform offers instant, low-cost transactions through its unique consensus mechanism, enabling swift, energy-efficient transactions on its decentralized network. More
| Fully Diluted Valuation | $218.19B |
|---|---|
| 24H Trading Volume | $1.21B |
| 24H Low / High | $2.18 / $ 2.21 |
| Circulating Supply | 59.01 B |
| Total Supply | 99.99 B |
| Max Supply | 100.00 B |
| Categories | FTX Holdings 8 more |
|---|---|
| Founder | David Schwartz 1 more |
| Website | ripple.com |
| Socials | 3 more |
| Chains | XRP Ecosystem |
| Explorer | Bithomp 3 more |
| Name | Pair | OG Score |
|---|
Ripple is defined as a transaction protocol representing the cryptocurrency platform named XRP. Ripple initially introduced its XRP Ledger in 2012 as a distributed ledger and cryptocurrency platform.
Functioning as a distributed ledger network, Ripple requires participation from various parties to validate transactions, thereby facilitating global transaction facilitation and significantly lower transfer fees compared to Bitcoin. XRP transfers occur instantly without a confirmation period unlike other cryptocurrencies.
Initially established by Ripple Labs, the entirety of the initially issued 100 billion XRP tokens primarily belongs to Ripple Labs.
The XRP Ledger, a distributed payment network developed by Ripple, employs a consensus mechanism based on Cobalt. This mechanism, known as the Ripple Protocol Consensus Algorithm (RPCA), offers a method that consumes less energy to reach consensus on a decentralized network. Utilizing a Byzantine-Fault Tolerant (BFT) Governance framework and Cobalt protocol, it streamlines the block creation process and block confirmation while ensuring reduced energy consumption and faster transaction processes. Offering advantages such as low cost, speed (completing transactions in 3-5 seconds), scalability (1,500 transactions per second), carbon neutrality, and energy efficiency, the XRP Ledger encompasses the first decentralized exchange (DEX) with custom tokenization capabilities. XRP Ledger network is one of the ISO 20022 compliant blockchain platforms.
Operating as a currency network where transactions conclude within seconds, featuring low transaction fees, and serving as a digital money transfer service akin to hawala, the XRP Ledger focuses on creating real-world value managed by a global community comprising users, businesses, and software engineers.
The XRP Ledger's uniqueness lies in its rapid transaction completion (3-5 seconds), low fees, and scalability, facilitated by the Ripple Protocol Consensus Algorithm (RPCA), offering an energy-efficient and faster consensus mechanism.
XRP Ledger (XRPL) was initially established by Ripple Labs which was founded by Chris Larsen and Jed McCaleb. David Schwartz, Jed McCaleb and Arthur Britto are core contributors of XRP Ledger.
Ripple Labs primarily owns the entirety of the initially issued 100 billion XRP tokens. The main investors/backers of XRP are Andreessen Horowitz (a16z), Pantera Capital, Blockchain Capital, Arrington XRP Capital, GV Google Ventures, Digital Currency Group (DCG), Lightspeed Venture Partners, SBI Investment, Core Innovation Capital, Bossanova Investimentos, Accenture, Camp One Ventures. , IDG Capital, Santander, Tetragon Financial Group Limited, RRE Ventures, AME Cloud Ventures, CME Ventures, Standard Chartered Bank, CRCM Ventures, Hinge Capital, Route 66 Ventures, Seagate Technology, Thirdstream Partners, Avant Global, Vast Ventures, SCB 10X.
The XRP Ledger (XRPL) employs the Ripple Protocol Consensus Algorithm (RPCA), utilizing a Byzantine-Fault Tolerant (BFT) Governance framework and Cobalt protocol to achieve consensus, reducing energy consumption and enabling faster transactions.
You can buy XRP (XRP) on Binance, BybitBitgetOKXCoinbase cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like XRP XRP. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of XRP (XRP) is ($59,005,546,715), max supply of XRP XRP is ($100,000,000,000) and the market cap of XRP XRP is ($128,764,581,304).
What is the XRP (XRP) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of XRP (XRP) is $2. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether XRP (XRP) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (XRP XRP) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does XRP (XRP) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether XRP (XRP) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
OGAudit is the First Social Audit Platform for Web3 - Your Crypto Playbook!
Explore the Crypto Topics section to discover what OGs are discussing and gain insider knowledge on trending crypto topics.
There are many ways to conduct business in the crypto space, but we’ve chosen the most challenging path: shedding light on the unknown. Social media interactions and transaction volumes of exchanges and crypto assets can easily be manipulated by bots and whales, often misleading researchers and opening doors for scams by bad actors. Scammers have cost the crypto industry billions of dollars. Major red flags often slip past traditional technical or KYC audits, but OGAudit tackles this with its unique social auditing mechanism!
We believe in creating a safer, more thriving, and equal-opportunity crypto space for everyone. Our sole motivation is you 💗
We trust that authentic reviews from OGs will help you find the most reliable crypto exchanges and Web3 solutions you need! Additionally, we aim to simplify your crypto DYOR process with clear, up-to-date content.
OGs are the most experienced, reputable members of the crypto community, serving as independent auditors on the OGAudit platform.
Becoming an OG is not granted; it’s earned! Anyone with at least 1,000* days of on-chain experience and who adheres to OGAudit Community Guidelines can qualify as an OG.
The OG onboarding and rating mechanism is fully automated. OGs' wallet addresses and contributions are publicly verifiable on-chain**. The decentralized, permissionless, and transparent OGAudit consensus**, along with OGAudit Community Guidelines, ensures the elimination of spam and fraudulent content.
*500 days of on-chain experience qualifies you during the OGAudit Alpha! **to be Announced
Yes, it is—and all basic features will always remain free for personal use!🔥
Unfortunately, we do not have a token, and investing in the OGAudit platform is not an option. However, we greatly appreciate any donations!💗
If you meet the requirements and share our values, you can become a contributor to our community as an OG⭐️
By joining us, you'll help make crypto a safer place, earn rewards, perks, all while building your reputation along the way!⬆️
OGAudit is a collective movement of the crypto OG community. It has no affiliations with VCs, centralized exchanges, or other entities. Founded and funded by the Chief OG in 2023, OGAudit has been built by a dedicated team of crypto enthusiasts, researchers, web developers, and community leaders.💪
We have witnessed many market cycles, experienced the highs of the bull runs and the lows of the bear markets, and even faced rug pulls. Yet, we have remained resilient and are devoted to making Web3 accessible to everyone in the most secure way possible!
