XRP Hits Market Capitalization of $29.18 Billion (XRP)

XRP (XRP) traded 2.4% higher against the US dollar during the 24-hour period ending at 17:00 PM ET on November 5th. One XRP coin can currently be bought for approximately $0.51 or 0.00000738 BTC on cryptocurrency exchanges. XRP has a total market capitalization of $29.18 billion and $1.10 billion worth of XRP was traded on exchanges in the last 24 hours. During the last seven days, XRP has traded down 2.2% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• SolvBTC (SOLVBTC) traded up 3.1% against the dollar and now trades at $69,412.65 or 0.99816127 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 2.5% against the dollar and now trades at $69,339.90 or 0.99711519 BTC.

XRP Coin Profile

XRP uses the hashing algorithm. Its launch date was January 1st, 2013. XRP’s total supply is 99,987,041,380 coins and its circulating supply is 56,868,662,755 coins. 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. The official website for XRP is xrpl.org.

According to CryptoCompare, “XRP is a highly efficient cryptocurrency built on the XRP Ledger, a decentralised blockchain designed to facilitate fast, affordable transactions across borders. Its primary use case is in bridging currencies for global payments, with additional applications in decentralised finance, tokenisation, and everyday transactions. Created by McCaleb, Britto, and Schwartz in 2012, XRP’s ecosystem continues to evolve, driven by a global community of developers and validators.”

Buying and Selling XRP

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

XRP/USD price chart by TradingView