Binance-Peg XRPPrice(XRP)
Details Binance-Peg XRP (XRP) Price information (USD)
The current real-time price of XRP is $1.32. In the past 24 hours, XRP has traded between $1.32 and $1.37, showing strong market activity. The all-time high of XRP is $3.65, and the all-time low is $0.2912.
From a short-term perspective, the price change of XRP over the past 1 hour is
Binance-Peg XRP (XRP) Market Information
Binance-Peg XRP (XRP) Today's Price
The live price of XRP today is $1.32, with a current market cap of $430.055M. The 24-hour trading volume is 1M. The price of XRP to USD is updated in real time.
Binance-Peg XRP (XRP) Price History (USD)
What is BINANCE-PEG XRP (XRP)?
When is the right time to buy XRP? Should I buy or sell XRP now?
Before deciding whether to buy or sell XRP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s XRP technical analysis can provide you with trading references.
Future price trend of XRP
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for XRP.
How much will XRP be worth tomorrow, next week, or next month in ? What about your XRP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! XRP Price Prediction
How to buy BINANCE-PEG XRP (XRP)
Convert XRP to local currency
XRP Resources
To learn more about XRP, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0xf977...41acec  | 83.892M | 25.76% |
binance-smart-chain | 0x5a52...70efcb | 63.065M | 19.36% |
binance-smart-chain | 0x8894...e2d4e3 | 15.455M | 4.74% |
binance-smart-chain | 0x0b07...52967e | 14.178M | 4.35% |
binance-smart-chain | 0x8356...bb0007 | 10.241M | 3.14% |
Other | 138.894M | 42.64% |
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BINANCE-PEG XRP (XRP) FAQ
What is Binance-Peg XRP?
Binance-Peg XRP is a tokenized version of XRP that operates on a leading blockchain platform. It is designed to mirror the value and functionality of native XRP at a 1:1 ratio. This means that for every Binance-Peg XRP in circulation, an equivalent amount of native XRP is held in reserve by a major exchange.
How does Binance-Peg XRP work and why was it created?
The primary purpose of Binance-Peg XRP is to bridge the gap between the XRP network and a specific blockchain ecosystem, allowing XRP to be used within decentralized applications (dApps) and services built on that blockchain platform. It enables users to trade and utilize XRP within an environment that native XRP does not directly support, enhancing interoperability. The process involves locking native XRP in a smart contract, and an equivalent amount of Binance-Peg XRP is then minted.
Is Binance-Peg XRP the "real" XRP?
While Binance-Peg XRP is designed to maintain the same value as native XRP, it is a wrapped token. This means that users holding Binance-Peg XRP own a representation of XRP whose underlying assets are held by a major exchange. Some users question whether this constitutes true ownership of XRP, as a third party controls the actual native tokens.
How can one acquire, swap, or convert Binance-Peg XRP?
Acquiring, swapping, or converting Binance-Peg XRP typically involves using Web3 wallets, such as MetaMask, and decentralized exchanges (DEXs) like PancakeSwap. Users can obtain it, convert it into other tokens supported by the platform, or exchange it back for native XRP. For example, converting it to other platform-native tokens might utilize a DEX.
How is Binance-Peg XRP stored?
Binance-Peg XRP is stored in Web3 wallets compatible with a specific blockchain platform (BEP20 standard), such as MetaMask or Trust Wallet. Users need to ensure they have the correct network configured and often need to add the token's contract address manually. It's important to understand that it operates on this specific blockchain and not the native XRP Ledger.
What are the risks associated with Binance-Peg XRP?
A significant concern revolves around the potential for de-pegging, particularly if the issuing entity were to face insolvency. In such a scenario, the redeemability of Binance-Peg tokens for their native assets could be at risk, as the issuing entity acts as the custodian for the locked XRP. This highlights the counterparty risk associated with holding wrapped tokens issued by a centralized entity.
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