Which country has the most XRP?
The current Ripple CEO is Brad Garlinghouse, who owns a reported 6.3% stake in the company, as well as additional XRP tokens. His net worth, based on the current rate, would be nearly $10 billion, placing him in the mid-50s on Forbes' list of wealthiest Americans.
Currently, the Ripple payment network works with worldwide financial institutions from over 55 countries. Their On-Demand Liquidity (ODL) service uses the digital asset XRP “to source liquidity during cross-border transactions, as an alternative to traditional systems.”
From the ledger disclosed, there are approximately 1.3 million wallets, with nearly 1 million wallets holding more than the reserve and a further 127,000 holding just the reserve.
Japan's first #XRP payment support on the e-commerce site by SBI Motor Japan.
Ripple owns about 6.4 billion XRP, and Garlinghouse and Larsen also own a good chunk of it. Another 48 billion XRP are held in reserve, for periodic sales.
Consequently, the largest holder of XRP tokens is Ripple.
For example, according to what Forbes reveals, it seems that Chris Larsen, co-founder and former CEO of Ripple until November 2016, held a little more than 5.1 billion XRP, equal to about 1.1 billion dollars, in addition to a 17% stake in the company itself.
A scant handful of experts predict that XRP can reach $10 in the near future — if ever. If the bear market reverses, XRP is likely to follow the trend of bitcoin and begin to rise again. CoinQuora sees the currency breaking $10 in 2022 if crypto reverses course to become a bull market again.
Major crypto exchanges in the U.S., like Coinbase for example, suspended the listing of Ripple's XRP token due to the ongoing legal case. If it loses its lawsuit, Ripple will focus outside the country — effectively how it's been operating since the SEC sued the company in 2020.
- Santander (USA)
- Canadian Imperial Bank of Commerce (Canada)
- Kotak Mahindra Bank (India)
- Itaú Unibanco (Brazil)
- IndusInd (India)
- InstaReM (Singapore)
- BeeTech (Brazil)
- Zip Remit (Canada)
Why do banks use XRP?
One of the reasons why banks love Ripple is because of its transaction times. Ripple boasts 1,500 transactions per second, which is much faster than the average cryptocurrency. There are some tokens, such as Solana, that offer even more, but Ripple has enough to offer near-instantaneous transactions for most use cases.
Ripple — the company that developed the software that the XRP (CRYPTO: XRP) network runs on — could burn a sizeable portion of the coin's total supply.
How Many XRP Coins Are There In Circulation? XRP currently has 45,404 billion tokens in circulation, while its total supply counts 100 billion XRP tokens.
XRP is Ripple Consensus Ledger's (RCL) native token. Has a finite quantity of 100 billion; no more XRPs will ever be created again. The number of XRPs will decrease over time as it is consumed for every single transaction that is made.
XRP, in contrast, was “pre-mined,” meaning the XRP Ledger created 100 billion units that are then periodically released publicly. Ripple owns a portion of XRP in circulations, and that is an incentive for it to help the cryptocurrency grow and be successful over time.
The price of XRP has risen by 1.55% in the past 7 days. The price increased by 0.31% in the last 24 hours. In just the past hour, the price grew by 0.89%. The current price is $0.379603 per XRP.
XRP Price Summaries
XRP's price today is US$0.3853, with a 24-hour trading volume of $1.09 B. XRP is -0.83% in the last 24 hours.
Is It Worth It To Invest In Ripple? It is also very much worth investing in XRP because not only is it a smart choice in the cryptocurrency space for its differences, it is also a coin that is on the lower side at the moment. This means that there is room for it to reach higher and cross back over the $1 mark.
The company's value comes from being the creator and majority holder of digital currency XRP. Ripple owns about 60 billion of the 100 billion XRP tokens that will ever be in circulation.
Ripple, the developer of the XRP blockchain of which XRP is the native token, secured a big win this week in its ongoing lawsuit with the US Securities and Exchange Commission (SEC).
How big can XRP get?
There is a max supply of 100,000,000,000 XRP. XRP's maximum supply gives the asset a supply and demand factor similar to Bitcoin, though its much larger supply means it will take much longer for it to be considered scarce.
If the Ripple business performs well, in 10 years, XRP can theoretically exceed new heights. Based on current projections, most experts have agreed that Ripple's price can go up to the $250-$300 range in ten years. Ripple Coin News says that Ripple price could rise to $30 in 10 years.
A scant handful of experts predict that XRP can reach $10 in the near future — if ever. If the bear market reverses, XRP is likely to follow the trend of bitcoin and begin to rise again. CoinQuora sees the currency breaking $10 in 2022 if crypto reverses course to become a bull market again.
How Many XRP Coins Are There In Circulation? XRP currently has 45,404 billion tokens in circulation, while its total supply counts 100 billion XRP tokens. Though, Ripple Labs initially owned 55 billion XRP tokens, with the ability to sell 1 billion per month.
XRP, in contrast, was “pre-mined,” meaning the XRP Ledger created 100 billion tokens that are then periodically released publicly. Ripple owns about 6% of that as an incentive for it to help the cryptocurrency grow and be successful over time.
Often, the actions of 'whales', or those who hold vast amounts of a particular cryptocurrency, may be used as a basis for making evaluations. In terms of the XRP whales – those holding between one and ten million of the coin – one thing has been clear.
