The XRP price is $0.53178984, a change of 3.41% over the past 24 hours as of 12:22 p.m. The recent price action in XRP left the tokens market capitalization at $28.92B. So far this year, XRP has a change of -13.46%. XRP is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
XRP is the native cryptocurrency of XRP Ledger, which is an open-source, public blockchain designed to facilitate faster and cheaper payments.
Sending payments overseas using the legacy financial system typically takes one to four business days and can be expensive. If a person uses XRP as a bridging currency, it’s possible to settle cross-border transactions in less than five seconds on the open-source XRP Ledger blockchain at a fraction of the cost of the more traditional methods.
