XRP (XRP)
XRP is the native digital asset on the XRP Ledger, an open-source, permissionless, and decentralized blockchain technology. It was designed for payments and can settle transactions in 3-5 seconds.
Price & Chart
Price
$0.48
24h Change
-0.50%
Market Cap
$26,000,000,000
The Coin Basics: What is XRP?
XRP is the native digital asset on the XRP Ledger, an open-source, permissionless, and decentralized blockchain technology. It was designed for payments and can settle transactions in 3-5 seconds.
Why It Matters: Key Features
Fast and Cheap Transactions
Transactions on the XRP Ledger are extremely fast and cost a fraction of a cent, making it suitable for cross-border payments and remittances.
Scalability
The XRP Ledger can handle 1,500 transactions per second, with the potential to scale to the same throughput as major payment processors like Visa.
Built for Payments
Unlike many other cryptocurrencies, XRP was specifically designed for the financial industry to facilitate efficient movement of value.
Where to Buy XRP in the UAE?
Here are the best regulated exchanges to buy XRP in the UAE:
Price Analysis & Outlook
Short-Term Outlook
XRP's price is heavily influenced by the ongoing legal case between Ripple Labs and the U.S. SEC. Positive or negative news can cause significant price swings.
Long-Term Outlook
The long-term value of XRP depends on its adoption by financial institutions and the outcome of its legal battles. If widely adopted, it has significant upside potential.
Risk Disclaimer
Trading FAQs
Yes, XRP is available for trading on most major exchanges in the UAE, including Binance, Bybit, and OKX.