XRP
Ripple
$3.4492AUD
Market Cap
198.8B AUD
24H Trade Vol.
5.9B AUD
Total Supply
58.2B
All
1W
1M
1Y
Basic chart
Advanced chart
Price Changes
24H:
7D:
Instant
Buy Limit
Buy Stop
Buy Ripple
Purchase Amount
Switch to XRP
AUD
Get $10 in BTC
SIGN UP
bonus coins image
Excellent4.3 out of 5 star rating on Trustpilot
* onTrustpilot
*$10 will be deposited to all new users’ accounts in an equal amount of BTC, following the users’ completion of the sign-up process and the initial deposit on the platform. For detailed information regarding the use of the platform, please refer to our Terms and Conditions available at https://help.coinstash.com.au/en/article/website-terms-and-conditions-gmyd3n/.

Buy Ripple (XRP)

What is Ripple (XRP)?

Ripple (XRP) is a digital asset designed for fast, low-cost international transactions. Unlike traditional banking systems that rely on slow, expensive intermediaries, XRP enables near-instant global payments using the XRP Ledger (XRPL)—a decentralised blockchain launched in 2012.

Why Is XRP Important?

People search for XRP to understand its role in modern finance, particularly in:

  • Enabling faster and more cost-effective cross-border transactions compared to traditional systems like SWIFT.
  • Exploring investment opportunities and assessing XRP’s long-term potential.
  • Understanding how banks and financial institutions utilise Ripple’s technology to improve liquidity and global payments.

How Does Ripple (XRP) Work?

XRP operates on the XRP Ledger (XRPL), a layer-1 blockchain built for efficiency and reliability. Unlike Bitcoin or Ethereum, XRPL does not use Proof of Work (PoW) or Proof of Stake (PoS). Instead, it relies on a unique consensus protocol where validators confirm transactions without mining.

Key Features of the XRP Ledger

  • Speed & Scalability – Finalises transactions in 4–5 seconds with a capacity of 1,500 transactions per second (TPS).
  • Low Fees – Costs fractions of a penny per transaction, making it ideal for cross-border payments.
  • Decentralised Exchange (DEX) – The built-in XRP DEX allows direct asset swaps without intermediaries.
  • Smart Contracts (EVM Sidechain) – XRPL is working on Ethereum-compatible smart contracts to expand its DeFi capabilities.

What Are the Use Cases for Ripple (XRP)?

XRP is not just a cryptocurrency—it powers real-world financial applications.

1. Cross-Border Payments

Problem: Traditional money transfers (SWIFT, wire transfers) take days and charge high fees.
XRP Solution: Instant transactions with near-zero costs.

Used by banks, remittance companies, and fintech firms, XRP facilitates liquidity on demand for seamless currency exchanges.

2. Liquidity Provider for Crypto Markets

XRP acts as a bridge asset between fiat and digital currencies, improving liquidity for traders and exchanges.

3. Central Bank Digital Currencies (CBDCs)

Governments are exploring CBDCs—digital versions of national currencies. Ripple collaborates with central banks (e.g., Montenegro) to develop CBDC frameworks on XRPL.

4. Tokenisation of Real-World Assets

Platforms like Archax are using XRP Ledger to tokenise traditional assets (e.g., stocks, bonds, real estate), making them more accessible and tradable on-chain.

What is the History of Ripple (XRP)?

Founded in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto, the XRP Ledger (XRPL) was designed to improve financial transactions.

Key Milestones

  • 2012 – XRP Ledger launched.
  • 2014-2019 – Ripple partners with major financial firms, including American Express, MoneyGram, and Santander.
  • 2020 – The XRPL Foundation is formed to drive adoption and decentralisation.
  • 2020-2023 – XRP faces regulatory scrutiny, including a lawsuit from the U.S. SEC, but continues to expand globally.
  • 2024+ – Ripple is actively working on CBDC solutions, real-world asset tokenisation, and enterprise blockchain adoption.