XRP Live Price Converter
XRP to CAD Calculator
Ripple is an open-source platform used to create applications for international money transfers and other payment services. Ripple (XRP) is the network’s native asset, while the XRP Ledger is the underlying blockchain technology that powers it.
Initially conceived as a replacement for SWIFT, or the settling layer between large financial institutions, Ripple has since developed into much more. RippleNet, along with its On Demand Liquidity (ODL) service, allows traditional banks to access blockchain technology, set up, and run efficient payment networks. The XRP Ledger’s open-source and permissionless architecture can process XRP transactions within three to five seconds.
Ripple’s innovative technology also facilitates cross-border transactions that involve exchanging one fiat currency for another. In short, the XRPL makes it easier and cheaper for people all over the world to send and receive money.
XRP is one of the ten largest digital currencies in the world by market cap. As one of the top ten, Ripple is a hot commodity among cryptocurrency investors.
Follow Bitsgap’s crypto market cap calculator for the latest price updates and conversion rates for all major crypto and fiat currencies, including BTC to USD, XRP to USD, and ETH to USD.
Real-time XRP Price Rates in CAD
XRP Live Data
The current XRP price is $ 0.68, which is -0.15% change in the past 24 hours and -3.79% in the past 7 days. With a circulating supply of 100B, XRP’s live market cap is $ 36B. The 24-hour trading volume is $ 1B.
The conversion rates are calculated using the Live XRP Price Index along with other digital asset price indices. The XRP/USD exchange rate is updated in real-time.
Bitsgap’s XRP converter is a good place to start watching the XRP market closely and following other crypto markets' live updates.
XRP Supported Exchanges
The exchange rate of XRP is decreasing.
The current value of 1 XRP is 0.68 CAD. Inversely, 1.00 CAD would allow you to trade for 1.48 XRP, not including platform or gas fees.
In the last 7 days, the exchange rate has decreased by -3.79%. Meanwhile, in the last 24 hours, the rate has changed by -0.15%. This time last month, the value of 1 XRP was 0.71 CAD, which is a 5.35% increase from where it is now. Looking back a year, XRP has changed by +0.06 CAD.
XRP to CAD
|Asset||Today at 10:10 AM|
|0.5 XRP||0.34 CAD|
|1 XRP||0.68 CAD|
|5 XRP||3.38 CAD|
|10 XRP||6.75 CAD|
|50 XRP||33.76 CAD|
|100 XRP||67.52 CAD|
|500 XRP||337.61 CAD|
|1000 XRP||675.21 CAD|
CAD to XRP
|Asset||Today at 10:10 AM|
|0.5 CAD||0.74 XRP|
|1 CAD||1.48 XRP|
|5 CAD||7.41 XRP|
|10 CAD||14.81 XRP|
|50 CAD||74.05 XRP|
|100 CAD||148.1 XRP|
|500 CAD||740.51 XRP|
|1000 CAD||1 481.02 XRP|
Today vs. 24 hours ago
|Asset||Today at 10:10 AM||24 hours ago||24H Change|
Today vs. 1 month ago
|Asset||Today at 10:10 AM||1 month ago||1 month Change|
Today vs. 1 year ago
|Asset||Today at 10:10 AM||1 year ago||1 year Change|
Ripple Labs, the company behind XRP, has been engaged in a legal battle with the U.S. Securities and Exchange Commission (SEC) since late 2020. The point at issue is whether XRP is a security.
The SEC filed a lawsuit against Ripple Labs and two of its executives on December 22, 2020, alleging that the defendants illegally traded $ 1.3 billion in XRP token without filing it with the SEC. Ripple has responded forcefully, contending that the SEC's evaluation has been prejudiced.
When deciding whether or not a cryptocurrency is a security, the SEC applies the "Howey test," named after the Supreme Court's 1946 decision in SEC v. W.J. Howey Co. Following the Howey test logic, an asset is classified as a security if it’s traded with the expectation of earning profits. The SEC's legal action against XRP uses a description of the cryptocurrency that indicates it meets the Howey test, meaning XRP is a security and must be listed with the SEC.
Ripple has chosen to fight the SEC rather than compromise like most other businesses in comparable situations. Whatever the judge rules, it will have major repercussions for the crypto industry. It's possible that the SEC's reputation will take a hit if Ripple wins, allowing other crypto businesses the nerve to rebel. If the SEC prevails, however, it could significantly alter how crypto companies currently function and bring in a new age of registration rules for securities.
Released in 2021, the XRP Ledger (XRPL) is a permissionless, open-source, decentralized technology. The XRP Ledger has many advantages, such as cheap transaction fees ($ 0.0002), fast settlement times (3-5 seconds), high throughput (1,500 transactions per second), and sustainability. The XRP Ledger protocol also features the first built-in decentralized exchange (DEX) and bespoke tokenization capabilities. Since its inception, the XRP Ledger has consistently processed 70 million ledger transactions.
Unlike Bitcoin and Ethereum, the XRP Ledger Network employs a unique Federated Consensus method to validate transactions. Validators are selected independent servers that agree on the sequence and conclusion of XRP transactions on the XRPL. Transactions that follow the protocol are instantly verified and handled equally across all computers in the network. Validators can be used by anyone, and all financial transactions are publicly available. There are currently more than 150 validators working on the ledger. These are exchanges, organizations, and private individuals from all over the world.