XRP/BTC: what to know
The XRP/BTC rate shows how much BTC you get for 1 XRP. Right now, 1 XRP buys 0.0000175604 BTC at the mid-market rate. In the other direction, 1 BTC is worth 56,946.23 XRP.
In the short term XRP is driven mainly by crypto-market sentiment and regulation, while BTC responds to crypto-market sentiment and liquidity.
XRP is designed for fast, low-cost payments and cross-border settlement. The supply is capped at 21 million coins.
Over the past 12 months the XRP/BTC rate has ranged between 0.0000154769 and 0.0000269264 — a change of -34.35% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.