XRP Price - XRP/SGD : $3.06671

Building chart...

Order book XRP / SGD

XRP: SGD 3.05137
Sgd
Sgd
Xrp
Xrp
Payment method
Buy XRP with FAST bank transfer Buy XRP with SWIFT Buy XRP with PayNow
Buy XRP
XRP: SGD 3.04328
Xrp
Xrp
Sgd
Sgd
Withdrawal options
Sell XRP with FAST bank transfer Sell XRP with SWIFT
Sell XRP

Cumulative market depth

Recent trades

Need more liquidity?

Need more liquidity?

Contact our crypto OTC desk for large orders.
Contact our OTC desk

What is XRP?

XRP is the native cryptocurrency of the XRP Ledger. It is widely known for its use in international transfer and exchange. Unlike most cryptocurrencies, XRP was created with a hundred billion tokens that were distributed to the public periodically. A large portion of XRP tokens is owned by Ripple Labs, which gives the company a controlling interest in the network. This is intended to foster the project’s growth and ensure the cryptocurrency is successful over time. Another portion is held in reserve to be released into the market through sales.

Is Ripple XRP?

XRP is often referred to as Ripple, but XRP and Ripple are completely different. The connection between the two makes it easy to use them interchangeably and has caused confusion. To put it simply, XRP is a decentralised cryptocurrency. Ripple, however, refers to the for-profit company that develops software for fast global financial settlements. Ripple utilises XRP and the XRP Ledger (“XRPL”) to facilitate fast and cost-efficient cross-border payments.

Ripple doesn’t own XRP or XRPL. The company is merely a contributor to the network, with the same rights as other contributors. XRP and XRPL are developed and maintained by an independent entity called the XRP Ledger Foundation.

XRP Validators

XRP runs on the XRP Ledger that uses a consensus mechanism with trust-based validation. It is a system that verifies transactions by comparing the information they receive from the previous ledger. Then, a majority of validators need to accept transactions are valid and agree on their order at the same time.

This group of validators is listed on Unique Node Lists (UNLs) with over 150 unique participants. The UNLs are currently being provided and maintained by three publishers – Ripple, the XRP Ledger Foundation, and Coil. These chosen validators are expected to behave honestly and are unlikely to collude to break the rules. Network participants can select which validators they deem reliable, even if they aren’t recommended by the publishers.

Frequently asked questions

What is XRP?
Is XRP the same as Ripple?
How to read the XRP price chart?

Trending cryptocurrencies

How we treat client assets

No commingling of customer funds: we keep client assets completely separate from our own.

1:1 reserves

We maintain a full 1:1 reserve of all client fiat and digital assets.

We hold the vast majority of digital assets in secure offline cold storage protected in underground vaults with maximum security.

Audited and licensed

We are the first crypto exchange to be licensed by MAS.

Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to verify our holdings with annual audits of our financial statements. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal, you can.

We keep your assets safe. That is our promise.

Single purpose asset utilisation

We do not engage in any lending, borrowing or rehypothecation of assets (i.e. pledging assets as collateral for debt).

Learn about our security
Start trading
Trade
About
Help

Select your region:

We’re certified
ISO27001 Certified Company
We’re members of
Access industry member Blockchain Association Singapore Singapore Fintech Association
© 2024 Independent Reserve SG PTE. LTD | UEN 201942383Z Major Payment Institution License No. PS20200517

Independent Reserve SG Pte. Ltd. holds a Major Payment Institution License (License Number: PS20200517) for providing Digital Payment Token Services under the Payment Services Act 2019.

RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of Independent Reserve. Before you pay Independent Reserve any money or DPT, you should be aware of the following.

1. Independent Reserve is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to Independent Reserve if our business fails. 2. You should be aware that MAS does not supervise or regulate Independent Reserve for the provision of unregulated services. This includes any service of trading digital payment token derivatives such as futures. 3. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Independent Reserve. 4. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens. 5. You should be aware that Independent Reserve, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.