XRP XRP
Cryptocurrency · Layer 1 · Not Mineable · launched in 2012
№5of 40 004
- $1.39
- Price −3.16%
- $82.63 billion
- Capitalization
- $1.6 billion
- Volume over 24 hours
- 3.06%
- Dominance
About the coin
- Circulating supply
- 63.35 billion XRP
- Total supply
- 99.99 billion XRP
- Maximum supply
- 100 billion XRP
- Fully diluted capitalization
- $130.43 billion
- 24h high
- $1.45
- 24h low
- $1.38
XRP is a digital asset of the XRP Ledger blockchain, launched in 2012 for fast and cost-effective international payments. Transactions on the network are confirmed in seconds without mining: XRP Ledger uses its own low-energy consensus protocol. Ripple applies XRP in solutions for banks and payment providers as a "bridge" currency for currency conversion. Beyond payments, the network features a built-in decentralized exchange, token issuance, and stablecoins. XRP ranks among the largest cryptocurrencies by market capitalization and trades on most major cryptocurrency exchanges worldwide.
Additional information
FAQ
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XRP is the native cryptocurrency of the XRP Ledger blockchain. It was created for fast and cheap international money transfers. Within the XRP network, it is used to pay fees and as an intermediary currency when exchanging one asset for another.
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Ripple is an American company that develops payment solutions for banks and financial institutions and uses XRP in them. XRP Ledger is an open blockchain that operates independently from the company. XRP is the native currency of this network. In common usage, these terms are often confused, but they are different things.
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No. All XRP coins were created at network launch, and no new ones are issued. Transactions are confirmed by independent validators using a consensus protocol, not miners. This allows the network to operate quickly and consume minimal energy.
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Typically, a transaction is confirmed in a few seconds, and the fee is a fraction of a cent. This is why XRP is often used for transferring funds between cryptocurrency exchanges.
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This is a numerical identifier that tells the exchange which account to credit the incoming XRP to: many exchanges use one shared address for all clients. If you don't specify a tag when transferring to an exchange, funds may be lost and can only be recovered through support.
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To activate an address in XRP Ledger, it must hold a minimum amount of XRP — a reserve. This amount cannot be spent while the wallet exists. This protects the network from spam. The reserve size is determined by validators and can change.
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Uzbekistan residents can legally purchase cryptocurrency through providers licensed by the National Agency for Advanced Projects (NAAP). Before purchasing, check if the platform is licensed and trades XRP.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .