XRP, the cryptocurrency associated with the Ripple network, has experienced a slight decline in its market performance. As of December 27th at 8:00 AM E.T., XRP traded down 1.4% against the U.S. dollar, bringing its price to approximately $1.85. This recent dip marks a 4.2% decrease over the past week.
The current market capitalization of XRP stands at a notable $111.90 billion, reflecting its position as one of the leading cryptocurrencies in the market. In terms of trading volume, approximately $1.54 billion worth of XRP was exchanged within the last 24 hours, indicating continued interest and activity among investors.
For those unfamiliar with XRP, it operates on a hashing algorithm and has a total supply of 99,985,740,916 coins. Of this total, 60,572,944,636 coins are currently in circulation. Investors interested in XRP can follow the developments and discussions in its dedicated community on platforms such as Reddit and access technical insights through its GitHub page.
Typically, acquiring XRP directly with U.S. dollars is not straightforward. Investors usually purchase major cryptocurrencies like Bitcoin or Ethereum from exchanges that accept U.S. dollars, such as Coinbase, and then trade these assets for XRP on the same platforms.
For those wanting to stay informed about XRP and similar cryptocurrencies, a subscription to MarketBeat.com”s FREE CryptoBeat newsletter can provide daily updates and insights.
