XRP, the digital asset native to the Ripple network, is a prominent cryptocurrency known for its focus on facilitating fast and cost-effective cross-border transactions. This article provides a comprehensive overview of the XRP price, its market performance, historical context, and key factors that influence its value.
Live XRP Market Overview
Staying informed about the latest market data is crucial for understanding any digital asset's current standing. Here is a snapshot of key XRP metrics.
24-Hour Trading Volume: €2,997,491,894
This figure represents the total value of all XRP transactions on public exchanges over the past day.
Market Capitalization: €111,926,128,009
The total market value of all circulating XRP, calculated by multiplying the current price by the circulating supply.
Circulating Supply: 59,005,546,715 XRP
The number of XRP tokens currently available and trading on the open market.
Market Dominance: 3.84%
This indicates XRP's share of the total cryptocurrency market capitalization.
24-Hour Price Change: €0.02212984
The net change in the XRP price over the last 24 hours.
24-Hour High: €1.96
The highest price point XRP reached in the past day.
24-Hour Low: €1.85
The lowest price point XRP reached in the past day.
Price 24 Hours Ago: €1.88
The trading price of XRP exactly one day prior.
Historical XRP Price Performance
Analyzing past price action can provide valuable context for current valuations. The following table details recent XRP price history.
| Date | Price (€) | Volume (€) | Market Cap (€) |
|---|---|---|---|
| 30/06/2025 | 1.88 | 1,125,552,812 | 111,070,002,798 |
| 29/06/2025 | 1.86 | 1,628,820,336 | 110,027,900,158 |
| 28/06/2025 | 1.83 | 2,218,405,837 | 107,748,882,462 |
| 27/06/2025 | 1.80 | 2,197,592,275 | 106,205,065,152 |
| 26/06/2025 | 1.87 | 1,912,691,495 | 110,395,629,286 |
| 25/06/2025 | 1.89 | 2,686,256,857 | 111,093,982,632 |
| 24/06/2025 | 1.87 | 3,452,338,054 | 109,883,228,345 |
For a broader perspective, here are the annual highs and lows for XRP over several years.
| Year | Lowest Price (€) | Low Date | Highest Price (€) | High Date |
|---|---|---|---|---|
| 2020 | 0.12 | 13-03 | 0.58 | 25-11 |
| 2019 | 0.17 | 18-12 | 0.42 | 23-06 |
| 2018 | 0.23 | 12-09 | 2.82 | 07-01 |
The Technology Behind Ripple and XRP
Ripple, the company, was founded in 2012 (originally named Opencoin) and rebranded in 2015. It developed the Ripple Transaction Protocol (RTXP), a distributed ledger technology designed to revolutionize international payments.
The traditional cross-border payment system is often slow and expensive, involving multiple intermediary banks that each add time and cost. The Ripple network aims to streamline this process. When two financial institutions use the Ripple protocol, transactions can be settled in seconds, dramatically improving efficiency and reducing costs. XRP acts as a bridge currency in some of these transactions to provide liquidity.
A Brief History of the XRP Price
XRP has experienced significant volatility since its inception, capturing the attention of investors worldwide.
- 2012: XRP launched with an initial value near $0.01 (USD).
- 2013: The price saw an early peak of $0.014 in September.
- 2017: The year began with XRP at $0.006. By April, its market cap surpassed $1 billion. In December, the price broke the $1.00 barrier.
- 2018: XRP reached its all-time high of approximately $3.65 in January. Later that year, celebrity Ashton Kutcher donated $4 million worth of XRP to a wildlife fund.
- 2020-2025: The asset has continued to trade, reflecting the broader trends and sentiments of the cryptocurrency market.
Factors Influencing XRP's Price Stability
Predicting the future price of any cryptocurrency is inherently difficult. Several unique factors specific to XRP influence its potential for stability.
Unlike Bitcoin, XRP cannot be mined. The Ripple company holds a significant portion of the total supply and releases a maximum of one billion XRP from escrow each month, with any unused portion being returned. This controlled supply mechanism is designed to create predictability.
The primary driver of long-term value for XRP is its utility within the RippleNet payment network. As more banks and financial institutions adopt the technology and use XRP for liquidity, demand for the asset could increase. It's important to note that institutions can use the Ripple protocol for moving fiat currencies without necessarily using XRP, so adoption of the network does not automatically equate to demand for the coin.
Furthermore, the entire cryptocurrency market is still relatively small compared to traditional financial markets. This means that relatively small capital inflows or outflows can cause significant price movements for XRP and other digital assets.
Market Sentiment and External Factors
The price of XRP is heavily influenced by broader market sentiment and specific news events. Positive announcements, such as new partnerships with major financial institutions, have historically led to price increases. Conversely, regulatory news or negative market sentiment can cause declines.
XRP's price often correlates with the overall cryptocurrency market, particularly the price movement of Bitcoin. When Bitcoin experiences a major bull or bear run, altcoins like XRP often follow suit, though not always in the same proportion.
👉 Explore real-time market analysis tools to stay ahead of these trends.
A Responsible Approach to XRP Investment
The cryptocurrency market is known for its high volatility and inherent risks. It is essential to conduct thorough research and understand the technology and market forces before making any investment.
A fundamental rule is to only invest an amount of capital that you are fully prepared to lose. The market can change rapidly, and past performance is never a guarantee of future results.
Frequently Asked Questions
What is the difference between Ripple and XRP?
Ripple is the technology company that developed the RippleNet payment protocol. XRP is the native digital asset on that network, used to facilitate fast and cheap transactions between different currencies.
How can I track the live XRP price?
You can monitor the live XRP price through various cryptocurrency data websites and exchanges, which provide real-time charts, trading volume, and market cap data, often allowing you to view history over different time frames.
What was the highest price XRP ever reached?
XRP reached its all-time high price of approximately $3.65 (USD) in early January 2018.
Can XRP be mined like Bitcoin?
No, XRP cannot be mined. All 100 billion XRP were created at its inception. The supply in circulation is controlled through a scheduled escrow release system managed by Ripple.
What primarily drives the value of XRP?
The value is largely driven by its utility within the Ripple payment ecosystem, overall adoption by financial institutions, broader cryptocurrency market trends, and general investor sentiment.
Is investing in XRP considered high risk?
Yes, like all cryptocurrencies, investing in XRP carries a high degree of risk due to market volatility, regulatory uncertainties, and technological changes. Investors should exercise caution.