XRP (XRP)
Rank #5
The XRP price today is $2.20 AUD, up 3.85% in the last 24 hours. Prices shown in Australian Dollars and updated daily.
$2.20
3.85% (24h)Last updated: 25 Sept 2026, 8:26 am
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- Market Cap
- $138,460,859,822
- 24h Trading Volume
- $6,446,057,427
- Volume/Market Cap
- 4.66%
- Market Dominance
- 3.36%
- Circulating Supply
- 62,879,209,849.00 XRP
- Total Supply
- 99,985,622,230.00 XRP
- Max Supply
- 100,000,000,000.00 XRP
- All-Time High
- $5.60 (-60.71%) on 7/17/2025
- All-Time Low
- $0.00 (77,456.81%) on 8/15/2013
About XRP
XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments. Its primary value proposition is offering a fast, cost-effective alternative to traditional banking systems by enabling near-instant cross-border settlements that finalize in three to five seconds. By serving as a neutral bridge asset between different fiat currencies, it helps financial institutions lower liquidity costs and eliminates the need for pre-funded accounts.
The network is unique because it utilizes a federated consensus protocol instead of energy-intensive mining or staking. This system achieves deterministic finality through a Unique Node List of trusted validators who must reach an eighty percent agreement threshold to permanently record transactions. This infrastructure supports a sustained throughput of 1,500 transactions per second and includes a built-in decentralized exchange that allows for the automated trading of any tokenized asset without intermediaries.
The project traces its origins back to 2004 with Ryan Fugger before being co-founded in its modern form by Jed McCaleb and Chris Larsen. The company, now known as Ripple, works with major financial institutions as partners and investors to build global payment solutions. To protect the network from spam, a small amount of XRP is burned during every transaction, and the token is further utilized by institutions as collateral to access traditional markets and manage digital asset infrastructure.
Institutional adoption of the asset reached a major milestone in November 2025 when the SEC approved the first wave of spot XRP ETFs. These products, offered by major issuers including Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton, are now listed on prominent exchanges like the NYSE Arca, Nasdaq, and Cboe BZX. While Ripple remains a key contributor to the ecosystem, the underlying XRP Ledger continues to operate as an open-source and decentralized network.
XRP is the native asset of the XRP Ledger, a blockchain designed for fast, low-cost payments and currency transfers. It is closely associated with Ripple, the company that uses XRP in some of its cross-border payment products. Australians can buy XRP on AUSTRAC-registered exchanges.
XRP is one of the oldest major cryptocurrencies and a perennial top-10 asset. Its pitch is speed and cost: payments on the XRP Ledger settle in a few seconds for fractions of a cent, positioning XRP as a bridge asset for international transfers.
The asset's story is entangled with Ripple, the payments company that holds a large XRP treasury and builds enterprise payment rails. Much of XRP's price history has been shaped by a long-running US regulatory battle that concluded in 2025.
What Is XRP?
XRP is the native digital asset of the XRP Ledger (XRPL), an open-source blockchain launched in 2012. Unlike Bitcoin, XRP was not mined into existence: all 100 billion XRP were created at launch.
The ledger is designed for payments: it supports fast settlement, a built-in decentralised exchange and token issuance, and it confirms transactions through a consensus protocol run by independent validators rather than mining or staking.
How Does XRP Work?
The XRP Ledger uses a consensus mechanism where validators agree on the order and outcome of transactions every few seconds. Validators don't earn block rewards; instead, tiny amounts of XRP are destroyed (burned) as anti-spam transaction fees, so supply very slowly decreases over time.
Accounts on XRPL require a small reserve of XRP, and the network supports payment paths that can route value through XRP as a bridge between currencies.
History of XRP
The XRP Ledger was created in 2012 by Jed McCaleb, Arthur Britto and David Schwartz; the company now known as Ripple (originally OpenCoin, then Ripple Labs) received a large allocation of XRP and has built payment products around it.
Ripple placed most of its XRP into escrow in 2017 to make its treasury releases predictable. The US SEC sued Ripple in December 2020 alleging XRP sales were unregistered securities offerings; in a landmark 2023 ruling a court found programmatic exchange sales were not securities transactions while institutional sales were, and the dispute was fully resolved in 2025.
Tokenomics
All 100 billion XRP exist; no new XRP can be created. Ripple's escrow releases are scheduled and transparent, and the small fee burn means total supply very gradually declines. The live supply and market cap are shown in the pricing data above.
There is no staking yield on the XRP Ledger and no mining — holding XRP does not generate protocol-level rewards.
Buying XRP in Australia
XRP is widely available on AUSTRAC-registered exchanges with AUD deposits via PayID or bank transfer. It is one of the most liquid crypto assets in Australia.
For tax purposes the ATO treats XRP like other crypto: selling, swapping or spending XRP is a CGT event, so keep records of AUD values at the time of each transaction.
Risks
XRP carries regulatory and governance concentration risk: Ripple's large holdings and historical importance to the ecosystem mean company news can drive price. The 2025 legal resolution reduced one major overhang, but crypto rules continue to evolve.
As with all crypto, XRP is volatile and has experienced deep drawdowns. Never invest more than you can afford to lose.
Frequently Asked Questions
Is XRP the same as Ripple?
No. Ripple is a company that builds payment products; XRP is the native asset of the XRP Ledger, an open network that exists independently of the company — although Ripple holds and uses large amounts of XRP.
Can XRP be mined?
No. All 100 billion XRP were created at launch in 2012. There is no mining or staking on the XRP Ledger.
What happened with the SEC lawsuit?
The SEC sued Ripple in 2020 over XRP sales. A 2023 court ruling found that XRP sales on exchanges were not securities transactions while some institutional sales were. The case was resolved in 2025, ending the multi-year dispute.
Is XRP legal in Australia?
Yes. XRP is legal to buy, hold and sell in Australia, and is listed on AUSTRAC-registered exchanges. ATO CGT rules apply to disposals.
XRP is a payments-focused asset with a long track record, fast and cheap settlement, and a regulatory cloud that finally lifted in 2025. Its fate remains unusually connected to a single company — a feature for some investors, a risk for others. As always, do your own research.
Sources
Where to Buy XRP in Australia?
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Start Trading Crypto in Minutes
Join 600,000+ Australians trading on Swyftx - Australia’s most trusted cryptocurrency exchange.
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