XRP Price - XRP/AUD : $1.67016

XRP is a cryptocurrency and the native digital asset of the XRP Ledger. It is widely known as a token of exchange used for international transfers. Unlike most cryptocurrencies, XRP currency is pre-mined. Upon launch, 100 billion XRP tokens were initially created and distributed to the public periodically. Ripple Labs owns a large portion of XRP tokens, which gives the company a controlling interest in the network. This is done to nurture the project’s growth and ensure that the cryptocurrency is successful over time. The remaining tokens are held in reserve and released regularly into the market through sales.

No, XRP is a cryptocurrency, whereas Ripple is a company.

XRP and Ripple are deeply connected and so the two are often used interchangeably. However, XRP and Ripple are not the same. XRP refers to the digital currency, while Ripple is a for-profit company to create solutions for fast global financial settlements.

The charts above display the price of XRP in Australian Dollars (AUD).

Understanding the XRP price chart requires analysing key visual elements. Candlesticks represent price movement within a specific timeframe between opening and closing prices. You can select the range of each candle, for example, 1 hour, 4 hours, 1 day, 1 week, etc.

Green candles signify a rise in the price of Token, while red candles indicate a decline in price. The length of the candle depicts the highest and lowest prices reached during the selected period.

You can add indicators to enrich your pricing data. You can add trendlines, moving averages, Bolinger bands, etc. to see potential support or resistance levels where price movements might stall. Volume bars reflect at the bottom of the XRP trading activity, with higher bars indicating periods of increased buying or selling pressure.