XRP Price (AUD) Chart

Ripple price (AUD)

$0.00

0.00%

Global Rank

#0

Market Cap

$0.00

24hr High

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24hr Low

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24hr Change

0.00%

24hr Volume

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Ripple is on the incline in the last 7 days

In the past 24 hours, the price of Ripple has increased by 7.8%. It's price has risen by 23.1% in the last 7 days. The current price per XRP is $0.62 AUD. There is a current circulating supply of 49,848,747,475 XRP.

What is XRP?

XRP was created in 2012 by San Francisco based company – Ripple. XRP was designed as a high-speed, inexpensive means of transferring currency globally on the RippleNet. The XRP tokens can be sent directly between networks without the need for an intermediary. XRP uses a consensus mechanism known as the XRP Ledger Consensus Protocol to allow for fast, global transactions.

To learn more, check out our guide to XRP on Swyftx Learn.

Understanding XRP price chart

The chart above is an XRP candlestick chart displaying the lifetime price movements of XRP. Traders can utilise this chart to select custom timeframes and view daily pricing candles of XRP.

Many successful traders use candlestick charts to perform crypto technical analysis and develop trading strategies. Candlestick charts can be used to predict patterns within the market based on the price movements of assets.

To learn more, check out our guide to candlestick charts on Swyftx learn.

Frequently Asked Questions

How is the price of XRP determined?

XRP’s price is determined the same way that fiat currency like the Australian dollar is determined. The price of XRP is influenced by supply and demand. When demand for XRP increases, the price increases. The price of XRP decreases when demand for XRP falls.

 

This is also the same for supply. When there is an excess supply of XRP but low demand, the price will fall. When demand exceeds supply, the price is likely to rise.

Why does XRP have value?

Ripples (XRP) value is derived from its super-fast payment system that allows seamless and easy global transactions, that are processed in under 4 seconds. The transaction fees with Ripple are also exceptionally low, making it affordable and accessible. Unlike Bitcoin, XRP uses a consensus protocol that requires minimal computational power, XRP has been garnered as the most energy-efficient cryptocurrency.

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