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Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
1. You could lose all the money you invest
2. You should not expect to be protected if something goes wrong
3. You may not be able to sell your investment when you want to
4. Cryptoasset investments can be complex
5. Don't put all your eggs in one basket
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 8th largest by market cap (that's the total value of XRP in circulation – $28.9 billion).
Like all cryptoassets, it's highly volatile, and capable of major price swings in a single day. As of 21 April, XRP is trading for $0.52 (£0.42), a decrease of 0.93% against $0.53 24 hours earlier. Over the past year, XRP's price has seen an increase of 17.22%.
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.
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.
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.
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.
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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 21 April 2024, 08:04 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.
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