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Ripple (XRP)
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Daily Volume 30 214,19 Hour trend -0.64 Daily Trend -5.23 Week Trend -7.2
Ripple Summary information
Ticker Coin Name Price, $ Coin Turnover 24H Market Cap, Available supply Total supply
XRP Ripple 0.64306 ~375 005 442,73 25 201 500 976,00 39,189,968,239 (39.19%) 99,992,233,977

Project Description

Ripple positions itself as a complement to, rather than a competitor with, Bitcoin - the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. Ripples aren't mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There are 100 billion XRP at present.

Technical specifications

The Ledger and Consensus
The Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol.

The World’s First Distributed Exchange
No one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature.

 

 

 

Project Features

  • Math-Based Currency
    A math-based currency, also referred to as a cryptocurrency, is a digital asset with verifiable mathematical properties, similar to how we can reliably verify gold as a substance made of atoms with 79 protons. Math-based currencies exist as digital assets in their own right and can be transferred directly between users (as fiat cash can be) without relying on a centralized protocol operator. XRP exists as a math-based currency on the Ripple protocol.
  • Abuse Protection
    The primary function of XRP is to protect the Ripple protocol against denial-of-service (DoS) spam attacks. Since the Ripple protocol is based around a shared ledger of accounts, a malicious attacker could create large amounts of “ledger spam” (such as fake accounts) and “transaction spam” (such as fake transactions) in an attempt to overload the protocol. This could cause the size of the ledger to become unmanageable and interfere with the protocol’s ability to quickly settle legitimate transactions.
  • Bridge Currency
    XRP has great value as a bridge currency. Because each gateway’s balances trade as distinct assets within Ripple, the number of potential currency pairings can become quite large. Instead of quoting every possible currency/gateway combination, XRP can serve as a useful bridge currency to enable these transfers. This is possible because if every currency is liquid to XRP, then every currency is liquid to every other currency:

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Ripple Latest Updates
May 22, 2018

Transaction Banking: Good Enough Is Not Enough

The words “innovation” and “disruption” have been almost synonymous with discussion of new technology in the payments industry over the last year. Yet, at recent banking events — including the annual BAFT Conference this month — the commentary about this progress has not been one...

From: Jinal Surti

May 15, 2018

Growing Support for an XRP Symbol

Over the past month, we’ve watched and listened as a grassroots movement to create an XRP symbol has taken shape within the XRP community. In tweets, forums and blogs, members underscored that Ripple is just one entity using XRP to solve real business problems around the world, and in this...

From: Team Ripple

May 14, 2018

Mitsubishi Corporation, Krungsri and Standard Chartered Pilot Payments from Thailand to Singapore on RippleNet

Mitsubishi Corporation, Standard Chartered and Bank of Ayudhya (Krungsri) — a Thailand subsidiary of MUFG Bank — jointly announced a pilot test for payments between Singapore and Thailand with xCurrent. With production volume growing on RippleNet at an exponential rate, this pilot is...

From: Team Ripple

Mitsubishi Corporation, Standard Chartered and Krungsri Pilot Payments from Singapore to Thailand on RippleNet

Mitsubishi Corporation, Standard Chartered and Bank of Ayudhya (Krungsri) — a Thailand subsidiary of MUFG Bank — jointly announced a pilot test for payments between Singapore and Thailand with xCurrent. With production volume growing on RippleNet at an exponential rate, this pilot is...

From: Team Ripple

Welcome to Xpring

In the world of blockchain and digital assets, there are hundreds, if not thousands, of interesting entrepreneurs flowing into the space. At Ripple, we want to act as a proverbial spring for the most serious ones — making sure they have the key essentials to grow their businesses and...

From: Team Ripple

May 10, 2018

First Pilot Results for xRapid

We can stream live video from the space station in orbit, but sending a payment to a different country still takes days to settle. Despite the development of the Internet and huge advances in the movement of information, sending money around the world is a slow and often frustrating...

From: Asheesh Birla

May 09, 2018

Korea’s Coinone Transfer Joins RippleNet

Coinone Transfer — a payments business and a subsidiary of Coinone — has joined RippleNet to use xCurrent, Ripple’s leading blockchain solution for cross-border payments and settlement. Coinone, one of Korea’s largest digital asset exchanges, will be the first exchange in the country to...

From: Team Ripple

May 03, 2018

An Evolving Regulatory Dialogue: Protect Consumers, Enable Innovation

In the last year, interest in digital assets went mainstream and new promising use cases emerged. Appropriately, it spurred a global conversation on the type of regulations needed to ensure markets and consumers remain safe. This rose to the highest levels, including the G20 and Financial...

From: Ryan Zagone

April 26, 2018

xVia Opens New Doors in Emerging Markets

Emerging markets have revealed a new and critical challenge for global payments. Instead of relying on traditional banking systems, consumers in these regions use a variety of platforms to make payments, access banking services and take part in commerce within and outside of their countries. In...

From: Asheesh Birla

April 25, 2018

Ask Me Anything with Brad and Cory

The post Ask Me Anything with Brad and Cory appeared first on Ripple.

From: Team Ripple

Q1 2018 XRP Markets Report

To continue to provide transparency to the XRP ecosystem globally, we share regular updates on the state of the market, including quarterly sales, relevant XRP-related announcements and commentary on previous quarter market developments. Quarterly Sales In Q1 2018, market participants purchased...

From: Miguel Vias

April 24, 2018

XRP Community Comes Together for Blockchain Week

At Ripple, we’ve always pledged our commitment to helping build XRP liquidity and a healthy and trusted market. Without question, we are huge fans. XRP is uniquely set apart. Proven faster (seconds vs. minutes), more scalable (1,500 transactions per second) and less costly (fractions of a...

From: Team Ripple

April 20, 2018

A Vision for the Internet of Value

Science fiction films and television shows are packed with mouthwatering examples of futuristic technology. Warp speed travel on the USS Enterprise, Stormtroopers riding speeder bikes on the planet Endor, psychic crime prevention systems employed by PreCrime, and intelligent androids aboard the...

From: Team Ripple

April 12, 2018

Santander Launches First Mobile App for Global Payments Using Ripple’s xCurrent

Santander One Pay FX — the first Ripple-enabled mobile app for cross-border payments using xCurrent — is now available to Santander’s retail customers in the U.K. One Pay FX gives Santander’s customers the ability to make EUR and USD payments to Euro Zone countries and the U.S,...

From: Team Ripple

April 11, 2018

Ripple Invests $25 Million to Drive Innovation in Blockchain and Digital Assets

Ripple has invested $25 million in XRP to Blockchain Capital Parallel IV, LP — the first fund to accept capital calls in digital assets — and focus entirely on the development of the blockchain space. The $150 million fund managed by Blockchain Capital will invest in entrepreneurial teams...

From: Team Ripple

April 09, 2018

The DepositAuth and fix1513 Amendments are Now Available

The DepositAuth & fix1513 Amendments became available on the XRP Ledger in ledger sequence number 37,753,345 (2018-04-06T01:44:42Z). The DepositAuth Amendment lets an account strictly reject any incoming money from transactions sent by other accounts. The fix1513 Amendment fixes an issue...

From: Rome Reginelli

April 04, 2018

Schwartz and Thomas on ILP, XRP and Discovering Bitcoin on StumbleUpon

Tour de Schwartz is coming to a close this week in Asia. Highlights included: David Schwartz’s keynote at Deconomy in Seoul, where he addressed a packed house, and his participation in an exclusive, innovation-focused panel discussion hosted by the Founders Forum in Hong Kong. Yet, some of...

From: Reinhard Cate

March 29, 2018

XRP Ecosystem Grows with New Listing on Uphold

Uphold — the digital wallet with debit, credit and automated clearing house capability (ACH) —  now allows users to exchange XRP with 34 different currencies, commodities and digital assets. This listing highlights the expanding XRP ecosystem and deepening pool of liquidity available...

From: Team Ripple

March 28, 2018

Ripple and Its Executives Proud to Support America’s Public Schools with $29 Million XRP Donation to DonorsChoose.org

Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin. Take, for example, Ripple’s mission to establish an Internet of Value: a world where money...

From: Monica Long

March 23, 2018

Tour de Schwartz

The one and only David Schwartz — Ripple’s chief cryptographer and one of the original architects of the XRP consensus network — is currently on tour in Asia. He’ll be featured on panels, lead a workshop and attend meetups in the region. David is on the ground building connections with...

From: Reinhard Cate

rippled version 0.90.1

Ripple has released rippled version 0.90.1, which includes fixes for issues reported by external security researchers. These issues, when exploited, could cause a rippled instance to restart or, in some circumstances, stop executing. While these issues can result in a denial of service attack,...

From: Rome Reginelli

March 20, 2018

Liquidity Explained

The Financial Times defines liquidity within a transaction as how easy it is to perform an exchange in a particular security or instrument, or the ease of converting an instrument into cash for withdrawal. This takes into account the stability and price of each instrument over the course of a...

From: Team Ripple

March 14, 2018

Ripple CEO at Money20/20 Asia: A New Payments System for the Digital Age

It was standing room only inside the Money20/20 Asia fireside chat “A New Payments System for the Digital Age” — as Ripple CEO Brad Garlinghouse shared the stage with panel chair Faisal Khan — and outlined his vision for the future of Ripple, XRP and the Internet of Value. Seats filled...

From: Reinhard Cate

March 10, 2018

Introducing the Ripple and XRP Video Series

The establishment of an Internet of Value — where money can move like information —  will be the ultimate culmination of Ripple’s story. It’s a story we’re writing every day using blockchain powered solutions that changes how money moves around the world. Financial institutions are...

From: Team Ripple

March 09, 2018

Ripple Welcomes Cory Johnson as Chief Market Strategist

Ripple is pleased to announce that Cory Johnson has joined Ripple as chief market strategist. Johnson will work closely with the rest of the executive team managing the company’s growth and telling Ripple’s story to regulators, Wall Street and global financial markets. Few reporters have...

From: Reinhard Cate

March 08, 2018

Down with Disco (-era Money Movement Technologies)

“Instant payments are here! Instant payments are here!” Beyond a classic Steve Martin reference, the claim of instant payments is humorous in its own way. For while sending money via Venmo and other payment apps might seem instantaneous, it is anything but. Try transferring money from...

From: Reinhard Cate

March 07, 2018

Ripple Powered Mobile App to Provide On-Demand Domestic Payments in Japan

The Japan Bank Consortium will release a groundbreaking smartphone application called “MoneyTap”— powered by Ripple’s blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week. “MoneyTap” is the first...

From: Team Ripple

March 03, 2018

Virtual Currency Regulation: Addressing Risk While Preserving Innovation

The Promise of Enterprise Use Cases Digital assets have been a promising technology breakthrough, showing the potential to transform many sectors of the global economy. Consumers initially adopted the technology as a currency. Yet, similar to other breakthroughs like the internet, the initial...

From: Ryan Zagone

March 01, 2018

Demystifying Digital Assets Part 4

Blockchain technology has already had incredibly beneficial impacts on everything from medical research to food supply-chain issues — but in the array of potential applications the world sees in the technology —  one of the most impactful could be in changing the way money moves around the...

From: Team Ripple

Cambridge to use XRP for Faster Global Payments

Cambridge Global Payments — a subsidiary of FLEETCOR Technologies and a leading global provider of commercial payment solutions — is launching a pilot program to use XRP in cross-border payment flows through xRapid. Cambridge currently has over 13,000 clients around the world and handles...

From: Team Ripple

February 26, 2018

Three Burning Blockchain Questions

Blockchain is everywhere these days. From CryptoKitties to the company formerly known as Long Island Iced Tea, blockchain has become one of the most talked-about technologies since the advent of the internet. Ultimately, it will move beyond talk and become a core functional technology powering...

From: Team Ripple

February 22, 2018

Demystifying Digital Assets Part 3

Blockchain might seem often synonymous with Bitcoin — but the reality is that the most impactful application of distributed ledger technology isn’t just as a store of value — instead it’s in a use case designed to revolutionize how companies make payments across borders. This impact is...

From: Team Ripple

February 21, 2018

Continued Decentralization & the XRP Ledger Consensus Protocol

In May of 2017, Ripple announced its preliminary strategy to increase decentralization and ensure that no single entity has operational control of the XRP Ledger. Our last update, in October, laid out the details of our two phase plan. The first phase is well underway: Ripple has migrated to...

From: Team Ripple

rippled Version 0.90.0

rippled Version 0.90.0 Ripple has released rippled version 0.90.0, which introduces several enhancements that improve the reliability, scalability and security of the XRP Ledger. Ripple recommends that all server operators upgrade to version 0.90.0 by Thursday, 2018-03-15, for service...

From: Rome Reginelli

RippleNet Strengthens Emerging Markets Access into India, Brazil and China

According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with India and China having the highest incoming flows in 2017. Together with this massive flow of capital, emerging markets are home to 85 percent of the global...

From: Team Ripple

February 16, 2018

Fan Friday: Q&A with Hodor

XRP’s advantage over other digital assets derives from its underlying technology and utility. It’s incredibly scalable — powering over 1,500 transactions per second — and is faster than any other digital asset available today. It also has a compelling use case: the potential to solve...

From: Reinhard Cate

February 14, 2018

Demystifying Digital Assets Part 2

SWIFT — the decades old financial messaging service relied on by banks around the world — no longer has the monopoly on global banking it once did. Blockchain has quickly emerged to challenge SWIFT’s dominance on the industry. While SWIFT has been a reliable and secure method to transfer...

From: Team Ripple

Ripple and Saudi Arabian Monetary Authority (SAMA) Offer Pilot Program for Saudi Banks

The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent. This ground-breaking pilot program is the first of its kind to be...

From: Team Ripple

February 12, 2018

The World Cup of Global Payments: Get Off the Sidelines

In just a few short months, the world’s attention will turn to Russia and the 2018 World Cup. This gathering of the globe’s best is a showcase for both team talent and national pride. It’s also an apt analogy for how to win in global payments today. Every four years, this play-in...

From: Team Ripple

February 08, 2018

Banning Cryptocurrency Would be as Sensible as Banning the Internet

In the early 1990s, the rise of the internet coincided with the fall of communism and the Soviet Empire. It’s not a coincidence that as the internet grew in popularity and usefulness, democracies flourished around the world. The potential of the internet transcended borders and helped to...

From: Antoinette O'Gorman

February 07, 2018

Demystifying Digital Assets Part 1

While blockchain and digital assets have become increasingly popular, it’s hard for many outside the industry to see beyond the buzz. The adoption of the technology combined with the right digital asset can provide benefits that can drastically improve the way financial institutions do...

From: Team Ripple

LianLian International Joins RippleNet to Provide Faster Payments into China

Online retail is massive in China and it’s only getting bigger. In fact, the Chinese e-commerce market totaled $672 billion in 2017 — the largest contributor to the $4 trillion global e-commerce market — and cross-border e-commerce transactions into the country are projected to reach...

From: Team Ripple

February 02, 2018

The Case for More Decentralization

Over the past two years, the blockchain and digital asset industry have shown phenomenal growth as it continues to solve the performance, scalability and security problems in the payments space. More financial institutions have begun to adopt blockchain technology to help modernize global...

From: Richard Crook

January 31, 2018

Blockchain Connect Fireside Chat: Ripple CEO Speaks about Ripple Solutions for Global Payments

It was easy to feel the energy and excitement at the San Francisco Palace of Fine Arts Theatre as a massive crowd of blockchain enthusiasts flowed into the 2018 Blockchain Connect Conference, forcing it to quickly reach capacity. The annual conference —  which caters to blockchain...

From: Reinhard Cate

January 30, 2018

SBI Virtual Currencies to Exclusively List XRP at Launch

Adding to the momentum behind XRP’s growing global liquidity, SBI Holdings announced that its newly released digital asset exchange — SBI Virtual Currencies — will use XRP as the only digital asset supported at launch. SBI Holdings is the leading financial service company in Japan. Their...

From: Team Ripple

January 24, 2018

More Global Payment Providers, IDT and MercuryFX, Sign Up to Use XRP

As the remittance market grows in emerging and major corridors, so too does the need to make payments real-time, transparent and certain. In fact, global remittances — which include flows to high-income countries — were estimated to be $596 billion in 2017. To serve the bustling remittance...

From: Team Ripple

Q4 2017 XRP Markets Report

To continually improve the health of XRP markets globally, we share regular updates on the state of the market including quarterly sales, commentary on previous-quarter market developments and Ripple company-related announcements. Quarterly Sales In Q4 2017, market participants purchased $20.1...

From: Miguel Vias

Much Ado, Much To Do – Part 2

This is the second post of three in a series on Ripple’s vision and product strategy. You can read the first here and the final post here. Our Strategy: Partner and Rebuild We learned early in our journey that despite what Bitcoin purists will preach, financial institutions aren’t the enemy....

From: Team Ripple

Much Ado, Much to Do – Part 1

This is the first post of three in a series on Ripple’s vision and product strategy. You can read the second here and the final post here. Though it didn’t happen overnight, we’re living in a new world; blockchain and digital assets went from niche to mainstream in 2017. Since 2014,...

From: Team Ripple

Much Ado, Much to Do – Part 3

This is the third post of three in a series on Ripple’s vision and product strategy. You can read the first here and the second post here. Strategy Two: Solve Liquidity Management with xRapid Cross-border payments usually involve a currency trade. Financial institutions and corporations...

From: Team Ripple

May 18, 2018 17:01

XRP Community Night 2018 Recap and Highlights

Highlights from the first ever XRP Community Night in NYC on May 15, 2018.


April 27, 2018 18:58

Ripple Live: Ask Me Anything with Brad and Cory

Ripple CEO Brad Garlinghouse sits down with Chief Market Strategist Cory Johnson to discuss Ripple, XRP and more.


April 27, 2018 00:35

Ask Me Anything with Brad Garlinghouse and Cory Johnson

Ripple CEO Brad Garlinghouse sits down with Chief Market Strategist Cory Johnson to discuss Ripple, XRP and more.


April 04, 2018 19:54

David Schwartz and Stefan Thomas Fireside Chat at Slush Tokyo 2018

Ripple Chief Cryptographer David Schwartz and Chief Technology Officer Stefan Thomas shared the stage in a fireside chat at Slush Tokyo 2018 to discuss Bitcoin's proof-of-work versus XRP's consensus, Ripple's solutions for global payment friction, the Internet of Value and the future of the XRP ecosystem.

Video courtesy of Slush Tokyo.


March 28, 2018 04:56

Ripple Gives $29 Million in XRP to DonorsChoose.org

Ripple has given DonorsChoose.org a $29 Million donation in XRP. The donation will provide students across the country with books, school supplies, technology, field trips, and other resources vital for learning and fund all current teacher requests on the non-profit's website.


March 10, 2018 01:16

Ripple and XRP - Part 7: Consensus vs. Proof-of-Work

David Schwartz, Chief Cryptographer at Ripple, discusses “Consensus” in simple terms and what inspired him to design the XRP Ledger as Consensus versus Proof-of-Work.


March 10, 2018 01:15

Ripple and XRP - Part 6: Is XRP Decentralized?

David Schwartz, Chief Cryptographer at Ripple, provides the facts and how XRP Ledger is decentralized.


March 10, 2018 01:15

Ripple and XRP - Part 5: XRP vs. Other Digital Assets

Stefan Thomas, CTO at Ripple, discusses Ripple, XRP and the Interledger Protocol - with special emphasis on what sets XRP apart from other digital assets.


March 10, 2018 01:14

Ripple and XRP - Part 4: Ripple's Product Suite

Asheesh Birla, VP of Product at Ripple, provides an overview of Ripple’s products: xCurrent, xRapid and xVia.


March 10, 2018 01:13

Ripple and XRP - Part 3: Ripple's Vision for XRP

Brad Garlinghouse discusses XRP’s role in removing friction from global payments and how that will enable the Internet of Value.