XRP is the native currency of the XRP Ledger, a public blockchain built for fast, low-cost payments. It is one of the largest cryptocurrencies by market capitalisation and one of the oldest, with a ledger that has been running since 2012. This page tracks the live XRP price and explains the factors that move it, from Ripple’s escrow to the end of the SEC case.
XRP’s current price is $1.26, with a market cap of $79.64B and rank #5. It has moved +0.6% over the last 24 hours and −3.4% over seven days, on a trading volume of $1.08B.
XRP’s all-time high is $3.65, set on 18th July 2025.
What is XRP?
The XRP Ledger (XRPL) was created by David Schwartz, Jed McCaleb and Arthur Britto, who started work in 2011 and launched the ledger in June 2012. Later in 2012 they were joined by Chris Larsen and founded the company now called Ripple (first named NewCoin, then OpenCoin). The founders gave the company 80 billion of the 100 billion XRP created when the ledger started.
XRP and Ripple are often confused. XRP is the asset, and the XRP Ledger is an open network run by independent validators. Ripple is a private company that builds payment products on top of the ledger and holds a large amount of XRP. The ledger does not use mining: validators agree on each new ledger version through a consensus protocol, and transactions settle in a few seconds.
XRP price chart
The chart at the top of this page plots XRP’s price in US dollars over the last 30 days.
What moves the XRP price
XRP trades around the clock on exchanges worldwide, so its price comes from supply and demand like any other crypto asset. These are the factors that matter most for XRP in particular.
Legal and regulatory news
For almost five years the SEC’s lawsuit against Ripple was the single biggest source of XRP news. The complaint, filed on 22 December 2020, led Coinbase and other US exchanges to suspend XRP trading, and the price fell sharply in the days after it was filed. Court rulings during the case moved the price in both directions. With the case closed in 2025, regulatory news now matters mostly through broader US crypto rules and product approvals.
Ripple’s escrow and sales
Ripple still holds a large share of the supply, much of it in escrow. Each month up to 1 billion XRP is released from escrow, and the market watches how much Ripple keeps, sells or returns to escrow. Because this schedule is public, it is usually priced in, but changes to it, or large transfers by Ripple or early holders, get close attention.
Payments use and partnerships
Ripple’s products use XRP as a bridge currency for cross-border payments, and the ledger also supports stablecoins and tokenised assets. News of banks or payment firms using these services tends to lift interest in XRP, though usage of Ripple’s products does not translate directly into demand for the coin.
ETFs and institutional demand
Canary Capital’s spot XRP ETF (ticker XRPC) began trading on Nasdaq on 13 November 2025, and other issuers followed. ETF inflows and outflows give a regular read on demand from traditional investors.
The wider crypto market
XRP usually moves with Bitcoin and the rest of the market. Interest rates, overall liquidity and sentiment set the direction for most large coins, and XRP’s own news decides whether it does better or worse than the market. See the Bitcoin price page to compare the two.
XRP price history: key milestones
- June 2012: the XRP Ledger launches with 100 billion XRP created at once.
- September 2012: the company that became Ripple is founded and receives 80 billion XRP from the ledger’s creators.
- December 2017: Ripple locks 55 billion XRP into 55 monthly escrow contracts of 1 billion XRP each.
- 22 December 2020: the SEC sues Ripple and two executives, alleging a $1.3 billion unregistered securities offering.
- 13 July 2023: Judge Analisa Torres rules that XRP sold programmatically on exchanges was not an investment contract, while Ripple’s direct sales to institutional investors were.
- August 2024: the court orders Ripple to pay a $125 million civil penalty and bars further unregistered institutional sales.
- August 2025: Ripple and the SEC drop their appeals (filed jointly on 7 August, dismissed on 22 August). The case ends with the 2023 ruling, the $125 million penalty and the injunction in place.
- 13 November 2025: Canary Capital’s spot XRP ETF starts trading on Nasdaq, and funds from Bitwise, Grayscale and Franklin Templeton follow later that month.
XRP supply
XRP has a fixed maximum supply of 100 billion. All of it was created when the ledger launched, and no new XRP can ever be issued: there is no mining and no staking reward.
In December 2017 Ripple placed 55 billion XRP in escrow on the ledger itself, split into 55 contracts of 1 billion XRP, one released on the first day of each month. Whatever Ripple does not use from a monthly release is typically locked again in a new escrow contract at the back of the queue, which is why the escrow has lasted far longer than 55 months.
A small charge is destroyed with every transaction, typically amounting to 0.00001 XRP. While this fee serves to halt spam rather than restrict supply, its effect is that the overall amount of XRP decreases extremely gradually over time and never increases.
How to buy and sell XRP
XRP is listed on most large exchanges, including in the US, where exchanges such as Coinbase relisted it after the July 2023 ruling, and spot XRP ETFs are available to US brokerage customers. To get started, open an account with a regulated exchange in your country, verify your identity, deposit funds and buy XRP. If you move XRP to your own wallet, note that every XRP Ledger account must keep a small minimum balance, the reserve, which cannot be sent to another account.
When you want to cash out, our guide on how to sell cryptocurrency covers the options step by step, including a section on XRP, and our page on how to sell Ripple (XRP) goes into more detail. As with any crypto asset, only invest money you can afford to lose.
For other coins, use our cryptocurrency price tracker or the Ethereum price page.
FAQs
Is XRP the same as Ripple?
No. XRP is the native currency of the XRP Ledger, an open blockchain. Ripple is a private company that builds payment products using the ledger and holds a large amount of XRP. The ledger keeps running independently of the company.
How many XRP are there?
The maximum supply is 100 billion XRP, all created when the ledger launched in 2012. No new XRP can be created, and a tiny fee is destroyed with every transaction, so the total supply slowly shrinks.
How did the SEC case against Ripple end?
In July 2023 the court ruled that programmatic sales of XRP on exchanges were not investment contracts, while direct sales to institutions were. In August 2024 Ripple was ordered to pay a 125 million dollar penalty. Both sides dropped their appeals in August 2025, which ended the case with those rulings in place.
What is the XRP escrow?
In December 2017 Ripple locked 55 billion XRP into 55 escrow contracts on the ledger, each releasing up to 1 billion XRP a month. Unused XRP is usually placed back into new escrow contracts, which limits how quickly Ripple can bring coins to market.
Is XRP mined?
No. All XRP was created at launch. The ledger is secured by validators that reach consensus on each new ledger version, so there are no block rewards and no mining.
