XRP/USD: what to know
The XRP/USD rate shows how much USD you get for 1 XRP. Right now, 1 XRP buys 1.0941 USD at the mid-market rate. In the other direction, 1 USD is worth 0.9140 XRP.
In the short term XRP is driven mainly by crypto-market sentiment and regulation, while USD responds to Fed policy, US growth and global risk appetite.
XRP is designed for fast, low-cost payments and cross-border settlement. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the XRP/USD rate has ranged between 1.0383 and 3.5563 — a change of -68.17% 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.