XRP is a prominent cryptocurrency operating on its own dedicated blockchain, designed for efficient and scalable digital payments. Launched in February 2013, it has established itself as a major player in the crypto space, particularly within the finance and banking sectors.
Current XRP Price Performance
As of July 04, 2025, the current price of XRP stands at **$2.22**, reflecting a decrease of **-2.90%** over the past 24 hours. The trading session opened at $2.26, marking a decline of -1.70% from the opening price. Despite a brief rally to $2.27, the asset encountered resistance and was unable to sustain upward momentum.
Over broader timeframes, XRP shows mixed performance. It is down -5.03% from its 30-day high and -4.43% from its 7-day high. Conversely, it has risen 15.80% from its 30-day low and 7.08% from its 7-day low.
Trading activity remains robust, with 1,204,883,196 XRP coins traded in the last 24 hours, equivalent to a trading volume of $2,672,618,295. The coin is currently listed on 78 exchanges globally.
Technical Analysis and Key Levels
Based on current market structure, XRP must maintain support above $2.19** to have a chance of advancing toward the first major resistance level at **$2.29. A decisive break above this level could pave the way for a test of the next resistance at $2.36**, with a third significant resistance sitting at **$2.46.
On the downside, failure to hold the $2.19** support could trigger a decline toward the next support level at **$2.13. Market participants are closely watching these levels for directional cues. For those seeking deeper technical insights, you can explore advanced charting tools that provide real-time analysis.
XRP Market Cap and Supply Dynamics
XRP holds the #4 rank by market capitalization, which currently stands at approximately $128 billion. This valuation is supported by a circulating supply of 58 billion coins.
The coin achieved its all-time high (ATH) price of $3.32** on January 04, 2018. Since that peak over seven years ago, the price has retraced significantly. However, it remains up by an impressive 1,941% from its post-ATH low of **$0.108691.
Over the previous 52-week period, XRP traded between a low of $0.4044** and a high of **$3.39, demonstrating considerable volatility and price range.
Comparative Market Analysis
When compared to other cryptocurrencies launched in 2013, XRP demonstrates significantly above-average trading volume. The average 24-hour trading volume for the 124 other coins from its cohort is approximately $34 million, while XRP consistently registers volumes around **$3 billion**, highlighting its superior liquidity and market engagement.
XRP consistently ranks highly in several specialized categories based on market capitalization:
- Payments: Ranked #3
- Scalable: Ranked #1
- Finance / Banking: Ranked #1
These rankings underscore its fundamental utility and strong positioning within specific blockchain niches.
Frequently Asked Questions
What is the primary use case for XRP?
XRP is primarily designed for fast and cost-effective cross-border payments and currency exchanges. Its blockchain facilitates settlements between financial institutions, aiming to be a more efficient alternative to traditional systems like SWIFT.
How does XRP's transaction speed compare to other cryptocurrencies?
XRP is renowned for its rapid transaction times, typically settling in 3-5 seconds. This makes it significantly faster than many other major blockchain networks, a key advantage for its use in payment solutions.
What factors commonly influence the price of XRP?
XRP's price is influenced by broader cryptocurrency market trends, regulatory news specifically related to its issuer, Ripple, adoption announcements by financial institutions, overall trading volume, and developments in its underlying technology.
Where can I securely buy and trade XRP?
XRP is available on numerous major cryptocurrency exchanges. It is crucial to choose a platform that is reputable, secure, and compliant with regulations in your jurisdiction. You can view a list of trusted trading platforms to begin.
What is the difference between XRP and Ripple?
Ripple is the technology company that developed much of the XRP Ledger's infrastructure and promotes its use cases. XRP is the native digital asset on the XRP Ledger blockchain that is used to facilitate transactions on the network.
Is there a maximum supply cap for XRP?
Yes, the total supply of XRP is capped at 100 billion coins. All of these coins were created at the ledger's inception. A portion of the supply is held in escrow by Ripple and released periodically, influencing the circulating supply.