XRP (XRP) Hits Market Cap of $31.05 Billion

XRP (XRP) traded up 0.3% against the US dollar during the 24-hour period ending at 9:00 AM E.T. on September 5th. XRP has a market cap of $31.05 billion and approximately $888.41 million worth of XRP was traded on exchanges in the last day. One XRP coin can currently be purchased for $0.55 or 0.00000975 BTC on cryptocurrency exchanges. In the last week, XRP has traded down 3.7% against the US dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 2.1% against the dollar and now trades at $0.0498 or 0.00000088 BTC.

XRP Coin Profile

XRP uses the hashing algorithm. Its launch date was January 1st, 2013. XRP’s total supply is 99,987,294,444 coins and its circulating supply is 56,251,561,168 coins. The official website for XRP is xrpl.org. XRP’s official Twitter account is @ripple and its Facebook page is accessible here. The official message board for XRP is www.xrpchat.com. The Reddit community for XRP is https://reddit.com/r/ripple and the currency’s Github account can be viewed here.

According to CryptoCompare, “XRP is the native token of the XRP Ledger, a digital asset that aims to offer fast and green transactions, and to be a practical cryptocurrency for financial services. It can handle thousands of transactions per second, relies on hundreds of validators, and is designed to complement traditional payment methods. All 100 billion XRP were distributed at creation, with some going to its creators and others being sent out through gifts and giveaways. Ripple, a for-profit company founded in 2012, plays a critical role in developing the XRP Ledger and its ecosystem, and promotes the use of XRP through its RippleNet product, which offers connections to financial institutions worldwide and uses XRP for cross-border transactions. Notable individuals involved in creating XRP include Jed McCaleb, Arthur Britto, and Chris Larsen, who also co-founded OpenCoin (later rebranded as Ripple).”

Buying and Selling XRP

It is usually not possible to purchase alternative cryptocurrencies such as XRP directly using US dollars. Investors seeking to trade XRP should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase XRP using one of the aforementioned exchanges.

XRP/USD price chart by TradingView