BTCC/ Crypto Prices / XRP (XRP)
XRP

XRP Price XRP

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C$1.54
C$0.005344 +0.35%
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XRP Today's Price

About XRP

What is Ripple?

Originally named Ripplepay, Ripple is a fintech company founded in 2004 and based in San Francisco. Even before delving into cryptocurrency in 2012, the company’s core focus remained largely unchanged: improving legacy settlement systems for international transactions by offering cheaper and faster settlements.

Following its entry into the crypto markets with the launch of its native token, XRP, Ripple has developed a global payments network known as RippleNet. This offers financial institutions real-time gross settlements and other features that make cross-border banking simple, affordable and faster than the long-standing infrastructure used for settlement and transfer.

Designed from the outset to replace the SWIFT network, RippleNet can facilitate exchanges between a variety of currencies, including fiat currencies, Bitcoin and commodities such as gold. Ripple charges users a minuscule transaction fee (in XRP) to use the network.

What is XRP?

Created in 2012, XRP is a digital asset designed to drive innovation in the field of financial payments. It is the native token on the XRP Ledger (XRPL), a distributed, open-source, permissionless blockchain maintained by a network of peer-to-peer servers known as unique nodes.

XRP functions as a means of exchange between two different currencies or networks, enabling direct transfers without the need for intermediaries. Imagine being able to send cash directly to someone overseas without involving a bank or payment processor. The peer-to-peer nature of XRP means it can bridge two currencies in seconds rather than days. This saves time and money, as well as simplifying the process of international transactions. Banks in various countries have also adopted XRP for routine hawala transfers.

XRP vs. Bitcoin

There are many fundamental differences between XRP and Bitcoin. Firstly, Bitcoin uses a Proof of Work (PoW) model to validate transactions and achieve network consensus, whereas XRP uses a consensus protocol involving a vote among participating nodes. As this method is less energy-intensive, some might argue that XRP is more environmentally sustainable than Bitcoin.

Additionally, Bitcoins are released into the network through mining. In contrast, XRP was pre-mined at launch. The release of any future tokens on the network is controlled by a smart contract, not miner activity.

Lastly, while both projects are open source, XRP was created and distributed by a private company, whereas Bitcoin is not owned by any individual or organisation.

How to buy XRP?

The easiest way to buy XRP is through a crypto exchange like BTCC. BTCC makes purchasing XRP easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first XRP purchase, register with BTCC today.

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XRP FAQ

What is the live price, market cap, and 24h volume of XRP (XRP)?

As of right now, the live price of XRP (XRP) is C$1.54. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated XRP to USD rate at the top of BTCC’s price page. In terms of market scope, XRP records a 24h trading volume of C$997.38M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$96.19B. Its current circulating supply stands at 62.53B out of a maximum supply cap of 100.00B.

Why does the price of XRP (XRP) fluctuate, and what drives its volatility?

The price volatility of XRP (XRP) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (62.53B) to max supply (100.00B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.

What are the all-time high (ATH) and all-time low (ATL) for XRP (XRP)?

Looking at its historical price performance, XRP (XRP) hit an all-time high (ATH) of C$5.42 on 2018-01-04 07:15, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.003950 on 2014-07-07 01:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.

How to read the XRP (XRP) price chart for futures trading?

When trading XRP futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$997.38M), as price breakouts accompanied by strong volume offer higher reliability.

How to profit from XRP (XRP) price drops? (Short Selling Guide)

Unlike spot trading where you can only profit from rising prices, BTCC’s XRPUSDT perpetual contracts support two-way trading. If you anticipate a price decline for XRP, simply log into your BTCC account with USDT margin available, navigate to the XRPUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.

Can I trade XRP (XRP) perpetual futures with high leverage on BTCC?

Yes. BTCC offers flexible, high-tier leverage options for XRPUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.

How to practise XRP (XRP) futures trading with a free demo account?

Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$1.54), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for XRPUSDT with zero financial risk.

Step-by-step guide: How to buy and trade XRP (XRP) on BTCC?

Trading XRP (XRP) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for XRPUSDT, and review its live price (C$1.54) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.