Bitcoin rose 12.5% between 15 and 23 September. Korean won markets did not chase it. Upbit and Bithumb went from paying 0.9% above the global price to trading 2% below it — the widest discount in our data — while XRP, not bitcoin, remained the coin Korea trades most.
Coinmico Editorial·Sep 23, 2026·5 min read
Independent analysis · figures from Coinmico's own index
About XRP (XRP)
XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments. Its primary value proposition is offering a fast, cost-effective alternative to traditional banking systems by enabling near-instant cross-border settlements that finalize in three to five seconds. By serving as a neutral bridge asset between different fiat currencies, it helps financial institutions lower liquidity costs and eliminates the need for pre-funded accounts.
The network is unique because it utilizes a federated consensus protocol instead of energy-intensive mining or staking. This system achieves deterministic finality through a Unique Node List of trusted validators who must reach an eighty percent agreement threshold to permanently record transactions. This infrastructure supports a sustained throughput of 1,500 transactions per second and includes a built-in decentralized exchange that allows for the automated trading of any tokenized asset without intermediaries.
The project traces its origins back to 2004 with Ryan Fugger before being co-founded in its modern form by Jed McCaleb and Chris Larsen. The company, now known as Ripple, works with major financial institutions as partners and investors to build global payment solutions. To protect the network from spam, a small amount of XRP is burned during every transaction, and the token is further utilized by institutions as collateral to access traditional markets and manage digital asset infrastructure.
Institutional adoption of the asset reached a major milestone in November 2025 when the SEC approved the first wave of spot XRP ETFs. These products, offered by major issuers including Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton, are now listed on prominent exchanges like the NYSE Arca, Nasdaq, and Cboe BZX. While Ripple remains a key contributor to the ecosystem, the underlying XRP Ledger continues to operate as an open-source and decentralized network.
XRP turned over $1,641,672,865 across the venues Coinmico indexes in the last 24 hours, which is 1.94% of its market capitalisation — a figure worth watching, because turnover well above its usual level tends to accompany the sharper moves.
The highest price our index has recorded is $3.55 on Jul 22, 2025, leaving XRP −62.19% from that peak.
The lowest is $0.9935 on Aug 16, 2026, putting the price today +35.11% above that low.
Measured on Coinmico's own index since Dec 31, 2024, not on prices reported by someone else.
XRP is valued at $84,744,460,032, which ranks it #5 among the assets we track. It is the price of one coin multiplied by the 63,129,671,205 XRP in circulation.
At today's price, the full supply of 100,000,000,000 XRP would be worth $134,238,715,986. 63.13% of that supply is already circulating, so the rest is what dilution would still add.
The price of XRP (XRP) is $1.34 today with a 24-hour trading volume of $1,641,672,865. This represents a 4.80% price decrease in the last 24 hours and a 11.12% price decrease in the past 7 days. With a circulating supply of 63.1 Billion XRP, XRP is valued at a market cap of $84,744,460,032.
Technical analysis
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