Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong
The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
3. You may not be able to sell your investment when you want to
There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don't put all your eggs in one basket
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
XRP (XRP) is a cryptoasset that currently ranks as the 4th largest by market cap (that's the total value of XRP in circulation – $137.6 billion).
Like all cryptoassets, it's highly volatile, and capable of major price swings in a single day. As of 16 December, XRP is trading for $2.41 (£1.90), a decrease of 1.06% against $2.44 24 hours earlier. Over the past year, XRP's price has seen a barnstorming increase of 288.03%.
How to buy XRP in 4 steps
Compare crypto exchanges
The easiest way to buy XRP is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit funds using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy XRP
You can now exchange your funds for XRP. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking "Buy". If you like, you can now withdraw your XRP to your personal wallet.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
"Top picks" are those we've evaluated to be best for certain product features or categories – you can read our full methodology here. If we show a "Promoted Pick", it's been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive.Keep in mind that these are suggestions and that the exchange that is best for you will depend on your individual needs. There are other products on the market not included in our picks.
Where to buy XRP
Find an exchange to buy, sell and trade XRP by comparing deposit methods, supported fiat currencies and fees. Select "Go to site" to sign up directly with the exchange.
These exchanges cover a wide range of cryptocurrencies, but we can’t guarantee they’ll all offer this coin.
Is it a good time to buy XRP?
Only you can make the decision about when is the best time to buy XRP. However, here are some things to consider as part of your research.
Take a look at the fundamentals of XRP. What type of coin is it? Utility, payment or governance token etc? How large is its market cap? How many coins are in circulation? All this will help you to understand how XRP works and how much risk is involved.
Also consider how has performed so far. Our charts below show you XRP's performance over time as well as its all time high.
This price chart helps you to see how XRP is performing against a fiat currency like USD. It shows the opening, high, low and closing prices for each period and is a visual representation of XRP range within that period.
XRP price chart
XRP at a glance
Information last updated 16 December 2024, 05:12 UTC.
Coin symbol
XRP
Coin Marketcap
$137,555,675,060
Total XRP supply
99,986,858,106
Circulating XRP
57,187,870,382
Current price
$2.410000
All time high
$3.40
All time high date
7 January 2018
XRP price performance over time
For a more in-depth view, this chart shows you how XRP has performed over time. You can see historical prices up to 1 year previously.
Historical prices compared with the price of $2.41 at 16 December 2024, 05:12 UTC.
1 hour
0.14%
24 hours
-1.06%
7 days
-3.11%
14 days
-0.78%
30 days
154.37%
60 days
329.51%
200 days
357.41%
1 year
288.03%
What is the current price of XRP versus it's all time high?
Our chart to tracks how XRP has performed in the last 24 hours and compares it with its all time high. You can see where the current price sits in comparison to the last 24 hours, as well as what today's price is vs its peak.
XRP price last updated 16 December 2024, 05:12 UTC.
$2.37 (24h low)
$2.48 (24h high)
$0
$3.40 (7 Jan 2018)
Recent XRP developments
2 November, 2023: The price of XRP is up 19% over the past month, after concluding Ripple’s case with the SEC and a market wide uplift led by Bitcoin 19, October, 2023: The SEC dismissed all remaining charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen. October 3, 2023: After announcing on September 12 that it would acquire crypto-payments firm, Fortress Trust, Ripple has cancelled the deal following an approximately $15 million hack of Fortress. 1 September, 2023: The SEC announces plans to appeal a landmark ruling in its case against Ripple, in which a judge sided with Ripple against the SEC.
Where could XRP's price be heading?
Finder's panel expects the XRP price to trade as high as $0.90 by the end of December 2022 from the current price of $0.53. However, should XRP lose its case with the SEC the panel expects its value to drop to $0.24. Unfortunately for investors, we won't know the outcome of the case until 2023.
Looking further down the road, the panel estimates XRP's value to hit $3.81 by the end of 2025 if XRP wins the lawsuit or $0.98 if it doesn't win.
Our calculator works out how much XRP would be worth in USD and GBP, depending on how much you hold or are looking to purchase.
XRP price last updated 16 December 2024, 05:12 UTC.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
James Edwards was the global cryptocurrency editor at Finder. He coordinates a distributed team of journalists to help further Finder's mission of helping people make better financial decisions.
He has been using Bitcoin since 2013 and began working in the industry in 2017. He takes pride in boiling down complex topics into language his parents can understand.
His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think and has coordinated a vast number of high-profile interviews with the industry's brightest minds.
He is a regular contributor to Nasdaq, The Street and is frequently called upon for market commentary in Australia and abroad. See full bio
Billy Endres was a cryptocurrency writer for Finder. His background in software development helped open the door to the world of decentralised technologies, financial markets and technical writing. See full bio
Billy's expertise
Billy has written 4 Finder guides across topics including:
Web3 and decentralised technologies
Front-end development
Cryptocurrency futures trading and technical analysis
This guide provides step-by-step instructions on how to buy Arbitrum, lists some exchanges where you can get it and provides daily price data on (ARB).
Learn how to buy Litecoin in the UK with our simple step-by-step guide and tips on what to know before you get started.
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