Learn about XRP coin issuance price and total issuance amount in this article
- Jennifer AnistonOriginal
- 2024-09-23 17:36:021021browse
The initial issuance price of XRP is US$0.008, and the total issuance amount is 100 billion, including 1.100 billion XRP one-time issuance; 245.4 million circulating supply; 354.6 million Ripple Labs holdings.
XRP coin issuance price and total amount
XRP, also known as Ripple, is a currency developed by Ripple Labs of cryptocurrency.
Issue Price:
The initial issuance price of XRP is $0.008.
Total issuance amount:
The total issuance amount of XRP is 100 billion pieces.
Details:
- When XRP was first released in 2012, its initial issuance price was $0.008.
- Ripple Labs issued 100 billion XRP at one time without retaining any tokens.
- These tokens are allocated to Ripple Labs founders, early investors, and partners.
- Currently, the circulating supply of XRP is approximately 45.4 billion.
- The remaining 54.6 billion XRP are held by Ripple Labs as liquidity and market development funds.
XRP Price Analysis
As of September 23, 2024, the price of XRP is $0.587, up -1.42% in the last 24 hours.
Recent Changes
Recent price changes may be caused by:
- Market Volatility: Crypto Currency markets performed poorly, causing the XRP price to fall.
- Regulatory Concerns: The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against XRP, sparking market concerns and putting pressure on prices.
Future Price Trends
Uncertainty about future price trends is high, but fluctuations may occur considering the following factors:
- The outcome of the SEC lawsuit: The outcome of the lawsuit will have a significant impact on the price of XRP.
- Regulatory Clarity: Regulatory clarity will help boost the price of XRP.
- Market Sentiment: Overall cryptocurrency market sentiment will continue to impact the price of XRP.
Recommendations
Investors should pay close attention to developments and conduct their own research before taking action.
Short-Term Trend Forecast
In the short term, the price of XRP may be volatile and may continue to be affected by market conditions and regulatory news.
Key Indicators
- Price: $0.58704810163231
- 24-hour trading volume: $938992794.46609
- Circulating supply: 56434507880 XRP
- Maximum supply: 100000000000 XRP
- Circulation market value: $33129770717.508
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