XRP ranks #4 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #5: 1 of the 4 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 1 non-native asset CoinSpectrum lists above it by market cap, 1 is a claim on another asset.
| CoinSpectrum Grade | C · 61/100 · provisional, C to B |
|---|---|
| Rank among cryptocurrencies | #4 |
| Rank counting claims | #5 |
| Market capitalisation | $83.0B |
| Price | $1.31 |
| Circulating supply | 63,351,197,653 XRP |
| Maximum supply | 100,000,000,000 XRP |
| Consensus family | Federated |
| Consensus mechanism | XRP Ledger Consensus (RPCA, federated) |
| Network purpose | Settlement ledger |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
| Regulatory class | Commodity |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 61 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 55 to 65 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 8.2 | group average |
| Consensus: leader ladder | 8.2 | Federated: 8.2 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 8.2 | Federated: 8.2 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 4.7 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.8 | 4.7 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 7.3 | fixed maximum supply of 100 billion: supply scale 4.6, cap 10 |
| Durability (Sustainability · 1 Store of value) | ✗ | 13 full years since its first recorded price, one halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | ✓ | typical fee $0.000026; about 850 transactions a second, 8.2 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 6 decimal places, the smallest unit worth $0.0000013 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✓ | node software open source; pruned nodes validate everything |
| Scalability (fees, throughput, block time, block space, features) | 6.8 | average of 4 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000026 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 8.2 | about 850 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.2 | a block every 4 seconds |
| Block space per 10 minutes (32 MB or more 10) | – | no fixed byte limit (gas, compute units or mass instead), left out |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✓ | Ledgers close and are final in about 3-5 seconds under the XRP Ledger consensus protocol, with no probabilistic re-orgs. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | rippled online_delete keeps only a configured number of recent ledger versions. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light-client protocol in rippled; client libraries query servers they must trust. |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0 | not mined |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | not mined |
| Largest pool (Pool or validator under 50%) | ✓ | 2.9% |
| Largest three (Under 75% together) | ✓ | 8.6% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | rippled (xrpld) is published under the ISC licence in the XRPLF GitHub organisation, but Ripple employs nearly all of its core developers and sets the protocol roadmap. |
| Real use (1,000+ transactions a day) | ✓ | about 1,560,000 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 4.3 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: Issuers can freeze or claw back their own issued tokens, but no party can freeze, blacklist or claw back native XRP; the 2025-02-04 stall was a consensus failure, not a halt at will. source |
| No central team (Source) | 0 | A central team directs it: rippled (xrpld) is published under the ISC licence in the XRPLF GitHub organisation, but Ripple employs nearly all of its core developers and sets the protocol roadmap. source |
| Who can mint (Source) | 5.7 | Federated: 5.7 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. All 100B XRP were created in the genesis ledger (June 2012) and none can ever be minted; the founders gifted 80B to OpenCoin/Ripple and kept 20B; current total 99,985,585,817 XRP (XRPL validated ledger, 2026-10-23) after fee burns. source |
| Fundraising | 0 | Sold by its issuer or insiders: 100% of supply was theirs to sell, 21.5% sold so far. Lower bound from court records: per the SEC complaint (Dec 2020) Ripple sold 3.9B XRP in market sales (2014-2019), 4.9B in institutional sales (2013-Q3 2020) and 1.63B via option exercises (2018-2019), and insiders Larsen (1.7B) and Garlinghouse (0.321B) sold personally; co-founder Jed McCaleb sold his ~9B founder allocation 2014-2022. 21.45B / 99,985.6M XRP total (XRPL, 2026-10-23) = 21.5%; Ripple's post-Q3-2020 ODL and institutional sales are not disclosed in units and would add to this. Ripple sold company-held XRP directly to institutional buyers; the SEC v. Ripple court (Judge Torres, July 2023) found about $728.9M of institutional XRP sales were unregistered securities offerings, separate from ~$757M of programmatic exchange sales. Ripple Labs also raised equity venture rounds. No public ICO. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No block reward exists: all 100B XRP were created in the 2012 genesis ledger and the protocol cannot mint more; transaction fees are destroyed, not paid to anyone. source |
| Privacy | 2 | section average |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Any keypair becomes an account once funded with the reserve; rippled carries no identity check (issuer-side authorization applies only to issued tokens). |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | rippled relays transactions directly to peers; no Dandelion or built-in Tor. |
| Hidden amounts (Amounts confidential) | ✗ | No confidential transactions on mainnet; amounts are public. |
| Hidden parties (Sender and receiver hidden) | ✗ | No protocol-level sender or receiver hiding. |
| Programmability (tokens, contracts, 5 checks) | 6.7 | 6 of 9 points source |
| Token issuance (At protocol level) | 2 | Issued currencies (trust-line tokens) native to the XRP Ledger protocol, open to any funded account, joined by Multi-Purpose Tokens in 2025. |
| Smart contracts | 0 | Fixed transaction types only (payments, offers, escrow, checks, channels); the SmartEscrow amendment (XLS-100) is still in development and no WASM contract amendment is enabled. |
| Multisig and time locks (Without a third party) | ✓ | Native multi-signing (SignerList, MultiSign amendment enabled) and time-based escrow (FinishAfter/CancelAfter, Escrow amendment enabled). |
| Atomic swaps (With other chains) | ✓ | Conditional escrow with a PREIMAGE-SHA-256 crypto-condition plus CancelAfter expiry, a hash-locked, time-locked contract in the ledger rules. |
| Native exchange (Built into the protocol) | ✓ | Central limit order book DEX built into the ledger, joined by the XLS-30 AMM (AMM amendment enabled) and the PermissionedDEX amendment. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | The XChainBridge amendment (witness-server attestations) is supported by rippled but not enabled on mainnet as of October 2026. |
| NFTs (Carried by the chain's rules) | ✓ | Native NFToken objects (XLS-20, NonFungibleTokensV1_1 enabled), with DynamicNFT also enabled. |
| Supply & Demand | 6.5 | group average |
| Supply & Demand (Source) | 8.3 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 46 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 9.7 | $774,192,308 traded in 24 hours; #6 by volume on the exchanges the site reads (scored on the median day of the last 30, $699,750,075) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.8 | 0.80% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 6.1 | $56,715,461 within 2% of the price on 9 exchanges, 0.07% of its market cap, median of the last 2 days; a lower bound: the books returned by 3 of them stop short of 2% |
| Market cap ($1M 0, $10B or more 10) | 10 | $83B, at the top of the scale |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 8.4 | futures, options and margin positions 2.5% of its market cap |
| Supply (smaller is better) | 4.6 | fixed maximum supply of 100 billion |
| Record | 9 | group average |
| Record (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2025-02-04 | ✗ | XRP Ledger stopped validating ledgers for about 64 minutes at ledger 93,927,174; UNL validator operators intervened manually to choose a starting point and restore consensus. |
| Age (years since genesis) (Source) | 10 | 13 full years since 2013-08-04, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 8 | 3 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 5,615 commits in 12 of the last 12 months (github.com/XRPLF/rippled); rippled 3.4.1 released 2026-10-10 (3.4.0 2026-09-17; 3.5.0-rc1 2026-10-20). |
| Shipped a security fix in two years, +1 | ✓ | rippled 2.6.1, Sep 2025: disabled the flawed PermissionDelegation amendment after a disclosed vulnerability; 2.6.2, Nov 2025: critical bug fix. |
| Shipped a new capability for users in two years, +1 | ✓ | Amendments enabled on mainnet in 2025 include Credentials and Multi-Purpose Tokens (MPTokensV1), plus AMMClawback. |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
63,351,197,653 of a maximum 100,000,000,000 XRP are in circulation — 63.4% of the total that will ever exist.
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Sold by the issuer or insiders | 21.5% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Public sale |
All 100B XRP were created in the genesis ledger (June 2012) and none can ever be minted; the founders gifted 80B to OpenCoin/Ripple and kept 20B; current total 99,985,585,817 XRP (XRPL validated ledger, 2026-10-23) after fee burns.
Ripple sold company-held XRP directly to institutional buyers; the SEC v. Ripple court (Judge Torres, July 2023) found about $728.9M of institutional XRP sales were unregistered securities offerings, separate from ~$757M of programmatic exchange sales. Ripple Labs also raised equity venture rounds. No public ICO.
Lower bound from court records: per the SEC complaint (Dec 2020) Ripple sold 3.9B XRP in market sales (2014-2019), 4.9B in institutional sales (2013-Q3 2020) and 1.63B via option exercises (2018-2019), and insiders Larsen (1.7B) and Garlinghouse (0.321B) sold personally; co-founder Jed McCaleb sold his ~9B founder allocation 2014-2022. 21.45B / 99,985.6M XRP total (XRPL, 2026-10-23) = 21.5%; Ripple's post-Q3-2020 ODL and institutional sales are not disclosed in units and would add to this.
No block reward exists: all 100B XRP were created in the 2012 genesis ledger and the protocol cannot mint more; transaction fees are destroyed, not paid to anyone.
Sources: sec.gov · ripple.com · cointelegraph.com · xrpl.org · xrpl.org · xrpl.org. Researched 2026-10-24, medium confidence.
Officially a digital commodity (SEC-CFTC, Mar 2026) AND contested — its securities status was alleged or widely disputed. Both classifications apply. Context: ~100% pre-mined by Ripple at genesis.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
XRP is #4 among cryptocurrencies and #5 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The one place between XRP's two ranks is held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 5 wrapped and staked claims on XRP →