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XRP Price (XRP)
PHP

XRP Price (XRP)

Currency:
XRP to PHP:
1 XRP equals ₱ 135.87 PHP+5.44%1D
Page last updated: 2024-12-11 06:45 (UTC+0)
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Note: This information is for reference only.

Price of XRP today

The live price of XRP is ₱ 135.87 per (XRP / PHP) with a current market cap of ₱ 7,760.47B PHP. 24-hour trading volume is ₱ 1,404.22B PHP. XRP to PHP price is updated in real-time. XRP is +5.44% in the last 24 hours with a circulating supply of 57.12B.
XRP Price History PHP
Date ComparisonAmount Change% Change
Today₱ 7.00733+5.44%
30 Days₱ 102.40+305.90%
60 Days₱ 104.53+333.54%
90 Days₱ 104.60+334.56%

XRP Market Information

24h Low & High
Low: ₱ 111.39
High: ₱ 140.45
The highest and lowest price paid for this asset in 24 hours.
All Time High
₱ 223.79
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
+0.03%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
+5.44%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-10.47%
The percentage change in price for this asset compared to 7 days ago.

XRP Market Information

Popularity
#4
Popularity is based on the relative market cap of assets.
Market Cap
₱ 7,760.47B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
₱ 1,404.22B
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
57.12B
57.12%
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
100.00B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
₱ 13,586.91B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2013-02-02

What Can You Do With XRP (XRP)?

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What is XRP (XRP)?

XRP is the native digital asset on the XRP Ledger (XRPL) blockchain, built originally for payments. XRP primarily facilitates transactions on the network and bridges currencies in the XRP Ledger's native DEX.

XRP is a digital asset that’s native to the XRP Ledger—an open-source, permissionless and decentralized blockchain technology. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in 3-5 seconds, using a network of trusted validators to verify transactions on the ledger. 

XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. It is freely exchanged on the open market and used in the real world for enabling cross-border payments and microtransactions. XRP can also be used to exchange different currencies and access crypto liquidity. 

XRP supports large-scale applications and long term projects, with 2.8B+ transactions processed representing over $1T in value moved between counterparties since 2012. XRP also offers lightning-fast, cost-effective transactions that settle every 3-5 seconds at fractions of a cent per transaction.

Created in 2012 specifically for payments, XRP can settle transactions on the ledger in three to five seconds. It was built to be a better Bitcoin—faster, cheaper and greener than any other digital asset.

What is the Technology behind XRP?

XRP is a digital asset for payments native to the XRP Ledger (XRPL). XRP Ledger is an open-source public decentralized blockchain. It was built specifically for payments - fast (~3 seconds per transaction), cheap ($0.0002 per transaction), scalable (1,500+ tps), and carbon-neutral.  

XRPL uses Federated Consensus as the validation system which requires 80% or more of the validators to agree to reach consensus, meaning that a new ledger is added to the overall history, and forward progress happens. XRPL was reportedly the first public blockchain to have a DEX (decentralized exchange) built in. XRPL has closed 85M+ ledgers (blocks) and supports large scale use cases, processing 2.8B+ transactions without failure or security breach since 2012.

XRP is listed on Binance for trade and purchase. The live price of XRP is updated and available in real time on Binance.

People Also Ask: Other Questions About XRP

  1. What is XRP Used For?

    XRP is a cryptocurrency that was designed to facilitate cross-border transactions quickly and cost-effectively. It is the native digital asset of the XRP Ledger (XRPL), a decentralized blockchain.

    As a ‘payment currency’, XRP facilitates the exchange of a wide variety of digital and physical currencies on the XRPL. As per the project, among XRP's key advantages are its speed. Transactions on the XRPL can be processed in just a few seconds. In addition, XRP claims to offer lower transaction fees compared to traditional financial systems. This is because the XRPL operates on a decentralized system, which eliminates the need for intermediaries like banks or payment processors.

  2. How Do Network Consensus and Validation Work On XRP?

    Since all 100 billion XRP coins were released into circulation upon the launch of  the XRPL, network validation fees are paid to validators on the network by charging a small portion (.00001) of XRP, which is paid out directly from the transactors during the process.

  3. What Are the Features of XRPL?

    • Transaction fees on XRP Ledger - XRP is required in a wallet in order to perform transactions on the network.

    • Wallet Reserve - 10 XRP is required as a deposit in order to open a wallet on the ledger. There is an open voting process to adjust this amount.

    • Bridge Currency in Ripple’s flagship payments product, which facilitates over $15B a year in cross border flow.

    • Gas Fees on the Futureverse Root Network, a new layer 2 blockchain connecting to XRPL. Block rewards are paid with XRP.

  4. Who Is The Founder of XRPL?

    The XRPL was developed in 2011 when three engineers — David Schwartz, Jed McCaleb and Arthur Britto — fascinated by Bitcoin, set out to create a more sustainable digital network to be used for payments and global transactions. Subsequently, the XRPL was born and shortly after, in June 2012, the network was launched. 

  5. What is the Maximum and Circulating Token Supply of XRP?

    The total maximum supply of XRP is set at 100 billion. However, with every XRP transaction, a small percentage of the token is also burned, further lowering the total remaining circulating supply. At the time of writing, there are over 51 billion XRP tokens in circulation.

  6. What Makes the XRPL Different From Other blockchains?

    XRPL is a decentralized blockchain with 600+ nodes processing transactions and maintaining the ledger. It is operated by a unique Proof-of-Association (PoA) consensus protocol operated by more than 100 validator nodes including universities, exchanges, businesses and individuals. The XRPL has a decentralized exchange built directly into the protocol providing on-chain liquidity for numerous currency pairs. 

    The five primary use cases of XRP Ledger are payments, tokenization, DeFi, CBDCs, and stablecoins.

  7. How to Buy XRP (XRP)?

    XRP can be purchased directly from Binance using a debit or credit card. XRP can also be traded for other cryptocurrencies on the Binance exchange. Live XRP price is updated in real-time on Binance. For additional instructions and information, users can read our How to Buy XRP (XRP) Guide.

XRP to Local Currency

FiatPriceOperation
1 XRP to TRY$ 2.332516
1 XRP to RUB$ 2.332516
1 XRP to EUR$ 2.332516
1 XRP to AED$ 2.332516
1 XRP to AUD$ 2.332516
1 XRP to BRL$ 2.332516
1 XRP to VND$ 2.332516
1 XRP to IDR$ 2.332516
Last updated 2024/12/11 06:45 (UTC)

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