Unlike other sites, we let you compare dozens of exchanges where you can buy XRP based on trading fees and payment methods, meaning it's easier to find the cheapest and easiest places to buy XRP.
The easiest place to buy XRP (Ripple) in Australia is via a recognised cryptocurrency exchange.
You can follow the steps below to get started:
If this is your first time buying cryptocurrency, it might be easier to use an exchange that lets you buy XRP with Australian dollars directly via your preferred payment method.
You can compare crypto exchanges based on their payment method options below:
We currently don't have that product, but here are others to consider:
How we picked theseYou'll need the following to sign up to a crypto exchange and buy XRP:
XRP (XRP) was launched in 2012 by David Schwartz, Jed McCaleb and Arthur Britto. It was designed as a digital payment network to reduce the cost of international payments.
The XRP Ledger is an open-source and peer-to-peer decentralised payment gateway that aims to provide "utility for the new global economy". XRP is the native token of the XRP network and is used by the company Ripple Labs Inc for cross-border settlements.
It acts as an infrastructure layer that supports low-cost, borderless transactions and allows for transferring money and cryptocurrency.
Unlike other cryptos such as BTC and ETH where new blocks are generated via mining or staking, XRP pre-mined 100 billion tokens at its launch.
These tokens were distributed to individuals and companies, with a large majority of tokens held by just a few entities.
XRP is the utility token of the XRP Ledger, which is a decentralised payments network designed by Ripple Labs to offer ultra-fast and low cost global transactions.
It has remained one of the largest cryptocurrencies by market capitalisation since it launched in 2012 and set a new all-time high price in 2025, 7 years after its last all-time high in January 2018.
XRP is also one of the 5 cryptocurrencies named by US president Donald Trump to be included in his administration's national strategic crypto reserve.
| Coin symbol | XRP |
|---|---|
| Coin Marketcap | AUD$126,319,364,563 |
| Total XRP supply | 99,986,304,107 |
| Circulating XRP | 58,205,697,378 |
| Current price | AUD$3.4286 |
| All time high | AUD$8.4846 |
| All time high date | January 07, 2018 |
Historical prices compared with the price of $3.4286.
| 1 hour | -0.94% |
|---|---|
| 24 hours | 1.26% |
| 7 days | -9.14% |
| 14 days | -9.36% |
| 30 days | 6.84% |
|---|---|
| 60 days | -30.43% |
| 200 days | 308.09% |
| 1 year | 245.56% |
Kylie Purcell is the senior investing editor for Finder.
Ripple is the payment and settlement protocol that underpins the XRP Ledger. It is distributed open source network and can be used to support currency exchange, remittances and real-time settlements across borders.
"One of the common criticisms of XRP and Ripple Labs is that the supply of XRP is concentrated in the hands of a few key investors, which is something that goes against what many would see as a core ethos of cryptocurency - decentralisation."
XRP is treated as an asset by the Australian Tax Office (ATO), which means that if you've bought, sold or earned XRP during the financial year, you will need to report it at tax time.
Investors will need to declare any profits as capital gains, while losses can be used to reduce your tax bill or offset any future gains.
If you make frequent trades in a professional capacity you may be classified as a trader, which is a bit more complex.
Learn more in our guide to crypto tax in Australia or use our round-up of the best crypto tax software to make tax reporting easier.
While there are currently no direct XRP ETFs (exchange-traded fund) like there are for Bitcoin or Ethereum, a few companies have lodged applications to launch XRP ETFs in the US.
These ETF applications are likely to be approved under the pro-crypto Trump administration, which means you would be able to get exposure to XRP via the stock market.
Fred Schebesta breaks down the pros and cons of XRP and whether it's worth it as an investment:
In late 2020, the Securities and Exchange Commission (SEC) sued Ripple Labs over the allegation that it had raised more than $1 billion through the sale of XRP in an unregistered security offering.
With the incoming Trump administration likely to replace the SEC with pro-crypto appointees, investors believe it may be about to drop its case against Ripple.
These are the latest developments on the XRP legal battle (as of February 2025):
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