XRP (XRP) Price Hits $2.62 on Major Exchanges

XRP (XRP) traded 7.1% higher against the U.S. dollar during the 24 hour period ending at 11:00 AM Eastern on March 6th. One XRP coin can currently be bought for approximately $2.62 or 0.00002888 BTC on major cryptocurrency exchanges. XRP has a market cap of $151.97 billion and $6.28 billion worth of XRP was traded on exchanges in the last day. In the last week, XRP has traded up 19.2% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Taiko (TAIKO) traded up 1.8% against the dollar and now trades at $0.83 or 0.00000914 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.2% higher against the dollar and now trades at $90,461.06 or 0.99626965 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.8% against the dollar and now trades at $89,629.03 or 0.98710633 BTC.

About XRP

XRP (XRP) uses the hashing algorithm. It was first traded on January 1st, 2013. XRP’s total supply is 99,986,390,660 coins and its circulating supply is 57,949,738,512 coins. The Reddit community for XRP is https://reddit.com/r/ripple and the currency’s Github account can be viewed here. The official message board for XRP is www.xrpchat.com. The official website for XRP is xrpl.org. XRP’s official Twitter account is @ripple and its Facebook page is accessible here.

According to CryptoCompare, “XRP is a highly efficient cryptocurrency built on the XRP Ledger, a decentralised blockchain designed to facilitate fast, affordable transactions across borders. Its primary use case is in bridging currencies for global payments, with additional applications in decentralised finance, tokenisation, and everyday transactions. Created by McCaleb, Britto, and Schwartz in 2012, XRP’s ecosystem continues to evolve, driven by a global community of developers and validators.”

Buying and Selling XRP

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

XRP/USD price chart by TradingView