XRP (XRP) Hits 1-Day Trading Volume of $1.32 Billion

   2022-08-01 11:08


XRP (XRP) traded 4.2% lower against the U.S. dollar during the twenty-four hour period ending at 7:00 AM ET on August 1st. One XRP coin can now be bought for approximately $0.37 or 0.00001627 BTC on major cryptocurrency exchanges. XRP has a market cap of $18.09 billion and approximately $1.32 billion worth of XRP was traded on exchanges in the last 24 hours. During the last week, XRP has traded 7.6% higher against the U.S. dollar.



Here is how other cryptocurrencies have performed during the last 24 hours:


  • JUMPN (JST) traded down 54% against the dollar and now trades at $5.46 or 0.00018651 BTC.
  • Tether (USDT) traded up 0% against the dollar and now trades at $1.00 or 0.00004349 BTC.
  • The Web3 Project (WEB3) traded 1% lower against the dollar and now trades at $144.48 or 0.00628228 BTC.
  • Sweet SOL (SSOL) traded 600.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Bitsubishi (BITSU) traded 37.7% higher against the dollar and now trades at $98.34 or 0.00428675 BTC.
  • Wrapped Cardano (WADA) traded down 3.4% against the dollar and now trades at $0.51 or 0.00002231 BTC.
  • Gateway Protocol (GWP) traded up 12.5% against the dollar and now trades at $4.00 or 0.00017408 BTC.
  • Lido stETH (STETH) traded down 0.6% against the dollar and now trades at $2,947.45 or 0.07417648 BTC.
  • Qommodity (QAA) traded up 7.3% against the dollar and now trades at $0.41 or 0.00001770 BTC.
  • Polkadot (DOT) traded up 1.1% against the dollar and now trades at $8.41 or 0.00036583 BTC.

About XRP

XRP launched on January 1st, 2013. XRP’s total supply is 99,989,535,142 coins and its circulating supply is 48,343,101,197 coins. XRP’s official Twitter account is @Ripple and its Facebook page is accessible here. The Reddit community for XRP is /r/ripple and the currency’s Github account can be viewed here. XRP’s official website is ripple.com/xrp. XRP’s official message board is www.xrpchat.com.

According to CryptoCompare, “The Ledger and ConsensusThe Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol. The World’s First Distributed ExchangeNo one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature.       “

XRP Coin Trading

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



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