What currency is Ripple? Ripple's total circulation and introduction to online exchanges

Ripple (XRP) is a digital asset designed as a medium for cross-border money transfers. It has a fixed total circulation of 100 billion coins, of which 48.3 billion are currently in circulation. Ripple is listed on major exchanges such as Binance, Coinbase, Kraken, Huobi, and Gemini.

Ripple: Definition, Total Circulation and Exchanges

Definition

Ripple (XRP) is a digital asset developed by Ripple Corporation. It is the native cryptocurrency of the Ripple network and is designed to facilitate cross-border fund transfers.

Total circulation

The total circulation of Ripple coins is 100 billion, of which 48.3 billion are currently in circulation. The total issuance is fixed and will not increase or decrease.

Listed on Exchanges

XRP is a top ten cryptocurrency by market capitalization, so it is traded on most major cryptocurrency exchanges. Some of the well-known exchanges that offer Ripple trading include:

• Binance
• Coinbase
• Kraken
• Huobi
• Gemini

XRP Price Latest

The price of XRP as of 16:00 on August 5, 2024 is $0.47. Its trading volume was $2.99 ​​billion in the past 24 hours and the price fell by 13.36%.

Price Volatility Factors

The recent decline in XRP price may be due to regulatory uncertainty and an overall cryptocurrency market downturn. The ongoing lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs has also weighed on the currency.

Future Price Movement

XRP’s future price movement is difficult to predict, but some analysts believe the currency may face further downward pressure in the near term. However, if regulatory uncertainty is resolved or the cryptocurrency market improves, XRP’s price could also rise.

Investor Action Recommendations

Investors should pay close attention to recent developments in XRP, including regulatory developments and overall market conditions. Given the current uncertainty, prudent investment is advised.

Short-term trend forecast

In the short term, the price of XRP is likely to fluctuate around current levels, with limited upside and downside.

Indicator

• Current price: 0.47 USD
• 24 hour trading volume: 2.99 billion USD
• 24 hour price change: -13.36%
• Circulation volume: 559.9 billion XRP
• Maximum supply: 1,000 billion XRP
• Total supply: 559.9 billion

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