The current real-time price of MXRP is $1.89. In the past 24 hours, MXRP has traded between $1.88 and $1.95, showing strong market activity. The all-time high of MXRP is $33.96, and the all-time low is $1.7.
From a short-term perspective, the price change of MXRP over the past 1 hour is , over the past 24 hours is -0.08%, and over the past 7 days is -2.66%. These figures provide a quick overview of the latest price trends and market dynamics of MXRP on LBank.-1.87%
The live price of MXRP today is $1.89, with a current market cap of $17.643M. The 24-hour trading volume is 13.2. The price of MXRP to USD is updated in real time.
Before deciding whether to buy or sell MXRP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MXRP technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MXRP.
How much will MXRP be worth tomorrow, next week, or next month in ? What about your MXRP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MXRP Price Prediction
To learn more about MXRP, consider exploring other resources such as the whitepaper, official website, and other published information:
mXRP functions as a liquid staking or yield-bearing token for XRP. It signifies XRP that has been transitioned to the XRPL EVM sidechain and allocated to various yield-generating strategies. This innovative approach allows XRP holders to earn returns on their assets while maintaining liquidity, as mXRP is an ERC-20 token that can be easily traded and utilized across compatible blockchain networks.
The yield for mXRP does not originate from native XRP Ledger staking, as such a mechanism doesn't exist. Instead, the underlying XRP is professionally managed by expert "risk curators" who implement sophisticated strategies. These include delta-neutral approaches, active market-making, and providing liquidity across both decentralized and centralized financial markets to maximize returns while managing risk.
Users typically acquire mXRP by bridging their native XRP to the XRPL EVM sidechain using a secure cross-chain bridge, and then depositing it into the designated Midas vault. Additionally, mXRP is available for purchase and exchange on various decentralized exchanges (DEXs) operating on EVM-compatible networks, integrating with diverse decentralized finance protocols to enhance accessibility.
The target yield for mXRP holders typically falls between 6% and 8% annually. However, depending on prevailing market conditions and the effectiveness of the underlying strategies employed by risk curators, marketing materials have indicated potential returns could reach up to 10%. This yield accrues over time, increasing the value of mXRP relative to XRP, rather than being claimed as separate rewards.
While Midas XRP emphasizes security, several risks exist. Bridge risk is significant, as underlying XRP moves across a cross-chain bridge, making it vulnerable to potential exploits. Counterparty risk involves trusting Midas and its risk curators to manage assets effectively. Lastly, de-pegging risk means the mXRP price on secondary markets could temporarily deviate from the underlying XRP's value during market volatility, impacting liquidity.
mXRP primarily resides on the XRPL EVM sidechain, serving as its foundational network. To enhance its reach and utility within the broader decentralized finance ecosystem, mXRP has also been expanded to operate on other EVM-compatible networks. This multi-chain presence allows for greater interoperability and provides more opportunities for users to engage with mXRP across various platforms.
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