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Ripple Price and Market Performance

Ripple (XRP) is one of the top cryptocurrencies focused on real-world utility, especially cross-border payments. It is currently ranked #4 by market capitalisation. XRP has a circulating supply of 59,068,187,926 XRP and a total supply of 99,985,968,138 XRP.

As of now, XRP is trading at $ 3.95 AUD, with a 24-hour trading volume of $ 8,954,186,851, showing consistent trading activity. In the past 24 hours, the price has increased by 6.58%, reflecting increased interest in the market.

XRP reached an all-time high of $ 5.20 on January 7, 2018. Since then, its price has changed by 24.12%, with 2742 days having passed since that peak.

What Is Ripple (XRP)?

XRP is the native digital currency of the XRP Ledger, developed by Ripple Labs to enable instant, low-cost cross-border payments. Unlike most cryptocurrencies, XRP is not mined — all tokens were pre-issued and distributed by Ripple Labs.

The Ripple network is used by financial institutions and payment providers to settle international transactions quickly and efficiently, often seen as a faster, more scalable alternative to SWIFT.

How Ripple Works

Ripple uses the XRP Ledger, a decentralised, open-source blockchain that uses a consensus protocol rather than Proof of Work or Proof of Stake. Transactions are confirmed in seconds and cost a fraction of a cent, making it ideal for remittances and interbank settlements.

RippleNet, the payment network built by Ripple Labs, connects banks and payment providers, while XRP serves as a bridge currency to provide liquidity between fiat currencies.

Key Features

– Fast transaction speeds (3–5 seconds)
– Extremely low fees
– Environmentally friendly (no mining)
– Used by banks and financial institutions
– Designed for enterprise-grade payment solutions

Use Cases

– Cross-border payments and currency settlement
– Bridge asset between fiat currencies
– Liquidity provisioning for financial institutions
– Integration into RippleNet by banks and fintech platforms
– Remittance corridors in emerging markets

XRP Tokenomics

– Ticker: XRP
– Max Supply: 100,000,000,000 XRP
– Circulating Supply: 59,068,187,926 XRP XRP
– Total Supply: 99,985,968,138 XRP XRP
– Transaction Fee: ~0.00001 XRP per transaction (burned)
– Consensus: Unique Node List (Ripple Protocol Consensus Algorithm)

Ripple’s Pros and Cons

Pros:
– Very fast and cheap transactions
– High scalability and low environmental impact
– Backed by real-world partnerships and use cases
– XRP Ledger supports tokenisation and decentralised features

Cons:
– Centralisation concerns due to Ripple Labs’ large XRP holdings
– Ongoing legal challenges (e.g. SEC lawsuit in the US)
– Limited use outside Ripple’s ecosystem
– Uncertain regulatory status in some regions

Future Outlook

Ripple’s future depends heavily on regulatory clarity, especially in the United States. However, its strong utility in cross-border finance and partnerships with major financial institutions position XRP as one of the most practical cryptocurrencies in real-world finance.

Whether you’re monitoring XRP price in AUD, watching live charts, or following Ripple’s developments in global payments, XRP remains a prominent player in the crypto space.