XRP (XRP) is the native cryptocurrency of the Ripple network, a blockchain-based platform focused on real-time global payments. It currently trades on 820 active cryptocurrency markets, with a 24-hour trade volume of $##volume_24h## and a market cap of ##market_cap##.
Currently, XRP coin is ranked as the #3 most popular cryptocurrency in the world. The global supply is 99985946231 coins, with a circulating supply of around ##circulating_supply##. Unlike many other cryptocurrencies, XRP was pre-mined, meaning all coins were created at launch and distributed gradually.
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What is Ripple?
Ripple, launched in 2012, is the company behind the XRP Ledger (XRPL), a decentralized open-source blockchain platform that enables real-time cross-border payments. Unlike Bitcoin or Ethereum, Ripple aims to partner with banks and financial institutions to make international money transfers faster and more efficient.
XRP is used on the Ripple network as a bridge currency to facilitate liquidity between different fiat currencies. Its speed, low transaction fees, and energy efficiency have made it a popular choice for financial institutions and crypto investors alike.